Magic circle takes prudent approach to US bonuses

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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Tulkinghorn: A bum note, no Cannes do and too latte for regrets

Tulkinghorn’s lip curtains are twitching. It must be the end of Movember, the month in which his scribes grew moustaches to raise money for prostate cancer. It’s been a long, arduous slog but the results speak for themselves. ­Tulkinghorn doffs his cap in the direction of those who supported his moustache-growing freaks. Bum note Well, […]

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Opinion: Insurers and third-party funders should work together

It may be thought that there is an uneasy relationship between after-the-event insurance and third-party funding, but my experiences have shown this is not the case. It may be thought that there is an uneasy relationship between after-the-event (ATE) insurance and third-party funding (TPF), but my experiences have shown that this is certainly not the […]

Judge slams ‘dopey’ McGrigors in Reid case

Mr Justice Mann has accused Scottish firm McGrigors of “dopiness” in the advice it gave to Reid Minty founder Andrew Reid in a High Court dispute with former employees. In a court transcript seen by The Lawyer, Mann J said to McGrigors’ silk Anthony Trace QC at Maitland Chambers: “The impression I get … [is] […]

Property Special Report: Eco down

The Government’s attempts to fast-track its so-called eco-town planning procedures have hit an impasse. Simon Ricketts reports Housing Minister Margaret Beckett on 4 November launched ;the ;latest salvo in the eco-towns ­programme – a refined shortlist of 12 sites, with a draft planning policy statement and sustainability appraisal, seeking comments by 19 February 2009. But […]

DLA Piper partner quits equity

DLA Piper partner quits equity” />DLA Piper private equity partner Andrew Holt is leaving the firm’s equity to become a consultant in its Manchester office. Holt, a former head of private equity at DLA Piper, said he wanted to spend more time with his family, who live in the city, and also pursue a business […]

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