Money men will do Year 2000 job

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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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The fatal flaw of Claims Direct

Claims Direct’s commercial director did not mention the the most contentious part of his firm’s service – the reason why many personal injury specialists consider the scheme inappropriate (The Lawyer 6 October). He refers to the client paying 30 per cent plus tax if compensation is recovered. In fact that is only paid if compensation […]

In brief: Roger & Wells makes London appointment

The London office of New York firm Rogers & Wells has appointed Teresa St Clair to head its bank lending and regulation practice. She was formerly a partner of Pillsbury Madison & Sutro, heading up their Los Angeles office’s banking group.

RAF flies into sex discrimination row

The Royal Air Force risks humiliation if found guilty of discrimination in a pending industrial tribunal, predicts Roger Pearson. Discrimination in the armed forces will hit the headlines again in December when a ruling is expected on a major sex discrimination claim against the RAF. If the ruling goes against it, it could prove a […]

Australian state gives green light to MDPs

Multi-disciplinary practices (MDPs) are set to be legalised in Victoria, Australia, after a report backing a liberalisation of regulations for lawyers and accountants was tabled in the state’s parliament last week. The report, by the Victorian Legal Ombudsman’s office, suggests removing the current ban on profit-sharing between the professions and on lawyers entering into agreements […]

Orange sees red in Reading

Reading Football Club face High Court moves by Orange Personal Communications Services in a row over a transceiver station in Reading. Orange has issued a High Court writ in London, through Bristol-based firm Bevan Ashford, against the football club, along with Barratt Thames Valley and Barratt Homes, seeking an injunction to prevent them from dismantling […]

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