Mediators seek power to regulate

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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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In brief: Turkish lawyers

Turkish lawyers are coming to London this week to learn about human rights. The British Council project aims to build a network of Turkish lawyers with a UK and international perspective on the protection of human rights.

Three top Italian firms merge to fight UK and US predators

Three top Italian law firms are merging in response to “aggressive competition” from UK and US practices.The firms are Erede e Associati, which is advising Olivetti in its £36.5bn take-over of Telecom Italia alongside Herbert Smith (The Lawyer last week), Bonelli e Associati and Pappalardo e Associati.Foreign interest has forced Italian firms to examine their […]

Wendy Lambert on who owns pension scheme surplus.

Wendy Lambert is a solicitor Hammond Suddards. The David and Goliath angle on last month’s Court of Appeal decision in the National Grid case has guaranteed colourful headlines. But most pensions lawyers conclude that the principles set out in the judgment are not new at all – they simply confirm the existing law. The case […]

Quote of the week

“It is part of an aggressive expansion plan” – Tom Jones, partner at Thompsons solicitors, defies the laws of mathematics when explaining that the departure of 11 of Thompsons’ 55 equity partners will actually make the firm bigger.

In brief: The Law Society

The Law Society says it is attempting to persuade the Chinese authorities to relax their stance on allowing Chinese lawyers into English firms based in China. Herbert Smith and Holman Fenwick & Willan are the latest UK firms licensed to practise in China. Part of China’s bid to join the World Trade Organisation (WTO) involves […]

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