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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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MoFo nudged towards traditional tech work

Waning life sciences market prompts firm’s hunt for new corporate partners. Paul Claydon and his corporate team at the London office of Morrison & Foerster (MoFo) have played what he terms “molecular roulette” and won to the tune of $15m (£10.49m) in revenues a year. But the risky business of life sciences is forcing the […]

In this week’s issue…

Never has it been more important to take care of the pennies. Practice area: Private Client Never has it been more important to take care of the pennies. As the UK Government looks to top up the coffers and tighten the public purse strings, the überwealthy will be watching to see how new tax legislation […]

Sidley posts 7.4 per cent revenue increase for 2008

Sidley Austin has hiked revenues by 7.4 per cent for the last financial year. Sidley Austin has hiked revenues by 7.4 per cent for the past financial year. Sidley, the latest US firm to announce its 2008 results, posted an increase in revenue in 2008 from $1.38bn up to $1.48bn. Average profit details are not […]

Opinion: Forget growth for now, profit’s where it’s at

The new century has seen remarkable growth for law firms. Consider the AmLaw 200. From a combined headcount of 78,894 lawyers in 2000, they expanded to 106,742 in 2008. The first years of the new century have seen remarkable growth for law firms. Consider the AmLaw 200 (a readily available data universe, but presumably typical […]

Dewey to shut San Francisco base

Dewey & LeBoeuf is closing down its San Francisco office and combining its Bay Area legal and support staff. As first reported by legal blog Abovethelaw.com, the US firm will move the four partner, three counsel and ten associate team to the nearby Silicon Valley office. The firm will keep a San Francisco service office […]

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