McDermott’s revenues drop 1.2 per cent

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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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27

Conveyancing slump claims Hammonds Direct, Walker Morris appointed

Hammonds Direct, the conveyancing business spun off from Hammonds in 2001, will enter administration this week. Walker Morris appointed” class=”inline_image inline_image_left” src=”/pictures/web/images/15717_hammonds-bradford-office90.jpg” />Hammonds Direct, the bulk conveyancing business spun off from Hammonds in 2001, will enter prepackaged administration this week. The company, which has a turnover of more than £14m and employs 250 people in […]

SullCrom, Schulte in driving seat on Chrysler Fiat JV

Schulte Roth & Zabel and Sullivan & Cromwell have snared lead roles on the joint venture between Chrysler and Fiat. Schulte Roth & Zabel and Sullivan & Cromwell have snared lead roles on a major joint venture between US car manufacturer Chrysler and Italian rival Fiat. Palo Alto-based Sullivan & Cromwell partner Scott Miller led […]

DLA Piper loses Bergen office to local firm

DLA Piper loses Bergen office to local firm” />DLA Piper has lost one of its Norwegian offices following the departure of its Bergen lawyers to a local firm. The 30-lawyer branch split from the firm “in recognition of the difference between the Bergen and Oslo practices”, according to a statement from DLA Piper, and will […]

Simon Allen, Russell Jones & Walker

What’s the worst partner ­conference location you’ve attended and why? Slough, because it was Slough. What was your first-ever job? A dehydrator of peas at Batchelors in Sheffield. As the peas lost their will to live, so did I. What was your worst ­experience as a trainee? Being sent to buy a cabbage from the […]

3

Clifford Chance makes New York finance lateral

Clifford Chance has ramped up its New York corporate finance capabilities, snaring a partner from Cahill Gordon & Reindel. Gary Brook will join the New York office advising financial institutions on leveraged lending, debt restructurings and securities offerings and acquisition financing. Clifford Chance US head Craig Medwick said: “The leveraged finance markets are evolving as […]

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