Middle East layoffs suggest there’s no place like home

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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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HR & Training Special Report: Tapping talent

As the nature of lawyers’ client-facing work has evolved, so too should the role of the legal secretary, who can and should be utilised in a more supportive function for a greater number of lawyers. By Clodagh Beaty The traditional typing-heavy, legal secretarial role, with ­secretaries working for two or three lawyers, is disappearing fast. […]

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From a cross to bear to a leap of faith – private equity’s second coming

Putting houses in order is becoming the mainstay of law firms’ private equity work, says Kian Ganz. It feels like a world away, but it’s not so long since private equity was a major driver of many firms’ corporate revenues. With the dearth of credit and the global downturn, private equity practices have largely turned […]

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Shearman confirms job cuts in US and Canada

Shearman & Sterling is to cut 60 support staff jobs in its US and Canadian offices after yesterday announcing redundancies in the UK (3 March). In an email sent to the firm Shearman’s executive director Kimberly Gardner confirmed that cuts are being made due to volatile market conditions. The firm’s New York, Toronto, Washington DC […]

Radcliffe adds employment, tax barristers

Chancery set Radcliffe Chambers has boosted its ranks with two new ­barristers, launching an employment ;litigation ­practice in the process. The chambers has hired Shantanu ;Majumdar from Lamb Chambers. ­Majumdar specialises in professional negligence, commercial and employment litigation and was called to the bar in 1992. A ;spokesperson ;for ­Radcliffe said: “It’s a bit of […]

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Law Soc boss calls for pro bono to fill CV gaps

Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. Des Hudson Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. In a statement […]

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