McDermott hikes employment team

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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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Mannheimer raids Swedish rival Vinge to build on record results

Swedish powerhouse Mannheimer Swartling has raided rival Vinge for a partner in Malmö and is set to break the SKr1bn (£75.74m) revenue barrier for the first time. The firm is predicting a revenue of SKr1.05bn (£79.53m), up from last year’s SKr930m (£70.44m). A boom in corporate activity has seen Mannheimer boost its partnership by eight, […]

LUL’s PPP review process in question after Metronet probe

The ongoing extraordinary review of failed tube operator Metronet is to have a significant impact on London Underground Limited’s (LUL) periodic PPP contract review (www.thelawyer.com, 24 September). Last week, as part of the extraordinary review of Metronet’s £2bn cost overrun, PPP arbiter Chris Bolt ruled that the operator could have claimed between £140m to £470m […]

In a bind

Insurers are finally being dragged into line with the rest of the business world, with a consultation paper on contract law set to shake up the industry. Richard Evans and Tom Watkinson report On 17 July 2007 the Law Commission in England and Wales and the Scottish Law Commission released the first consultation paper of […]

Dickinson Dees boss steps down

Dickinson Dees boss steps down” />The long-serving managing partner of Newcastle’s largest firm, Dickinson Dees’ Neil Braithwaite has stepped down. After a lauded 10 year reign Braithwaite has passed the crown to Jonathan Blair, who has been partner with the firm since Braithtwaite’s tenure began. Blair commented: “He’s done it for ten years – poor […]

City delegation heads to Beijing on AIM quest

City lawyers are flying to Beijing in an attempt to convince Chinese regulators to relax obstacles it is feared will stop Chinese companies listing on AIM. A delegation of high-level City lawyers is flying to Beijing in an attempt to convince Chinese regulators to relax recently laid obstacles it is feared will stop Chinese companies […]

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