Microsoft shakes up legal 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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Freshfields under fire as new age claim emerges

Freshfields Bruckhaus Deringer is preparing to fight more than one discrimination case as another former partner files a claim. Freshfields’ former corporate partner Lois Moore, who is now at Shearman & Sterling, has filed a claim against the magic circle firm, while at least one other former partner has also consulted solicitors about a potential […]

Hammonds advises on Brum football deal

Hammonds has acted on its second Premier League football deal in a fortnight, advising Hong Kong tycoon Carson Yeung Ka-Shing on his purchase of a third of Birmingham City FC. The firm advised Ka-Shings’ GrandTop International Holdings, a small-scale clothing company with an annual turnover of less than £5m, on the acquisition of 29.9 per […]

Slaughters, Links refuse to give diversity figures as City firms make poor showing

Firms in the UK top 10 have railed against the Black Solicitors Network’s (BSN) research methodology despite an improved performance and a record number of firms taking part. Firms such as Linklaters and Slaughter and May continued to complain about the methodology of the research in spite of repeated requests from the Government to take […]

Travers Smith pushes PEP past £800K

Travers Smith has posted a 15 per cent increase in both its average profit per equity partner (PEP) and turnover. PEP for the year 2006-07 came in at £810,000, with turnover at £78.3m. Chris Carroll, managing partner at Travers, said the results are a strong reflection of booming market conditions over the past 12 months […]

1

Law Society to pay £100,000 to miners

The Law Society will pay out up to £100,000 to sick miners after their law firms provided inadequate professional services in relation to the British Coal compensation scheme. The society has taken the extraordinary step after one or two solicitors firms deferred paying the miners until after their hearings before the Solicitors’ Disciplinary Tribunal (SDT). […]

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