Magister and Legas set to form CIS litigation powerhouse

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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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Stub snub

It’s a case of third time unlucky for Freshfields Bruckhaus Deringer. The stub equity structure used in Ferrovial Group’s €11.7bn (£8.06bn) hostile takeover of BAA was touted as one of the reasons for the airport operator’s board eventually recommending the Spanish construction group’s bid. But the innovative structure, which has become something of a trademark […]

Class action

The case of Marr v Lambeth has shown the difficulty in defining where a negligence claim becomes a claim for breach of statutory duty. By Andrew Cooper In the case of Marr v London Borough of Lambeth, the High Court has examined the principles of negligence claims by children. However, there is a narrow dividing […]

Herbies rejigs work allocation system

Herbert Smith is poised to launch a full-scale review of its system of allocating work to associates in response to the surge in deal activity. According to well-placed sources, the top 10 City firm is expected to kick-start the review later in the year. Herbert Smith does not currently have a uniform policy for allocating […]

Lord Steyn appointed chair of Takeover Panel appeal board

Former Law Lord Lord Steyn will be the new chairman of the Takeover Panel’s appeal board when the current incumbent Sir Andrew Leggatt steps down in October. Steyn’s appointment was announced by Lord Justice Clarke, the Master of the Rolls, yesterday (13 July). Leggatt has held the position for five years. Steyn retired from 10 […]

Moon Beever lures Matthew Arnold partner

Niche insolvency firm Moon Beever has hired partner Adrian Hyde from Watford firm Matthew Arnold & Baldwin. Hyde joined Moon Beever at the start of the month from his position as head of insolvency and business recovery at Matthew Arnold. He previously worked in firms including Denton Wilde Sapte. He practises both contentious and non-contentious […]

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