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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 […]

Recommended

Students slam new CPE

STUDENTS at three leading law colleges have attacked the newly revised Common Professional Exam, claiming it has become too difficult to pass. Students at the University of Westminster, City University and the College of Law have sent The Lawyer a dossier of complaints about the new course. They have asked not to be named for […]

E&Y unveils MDPs plan to Dutch Bar

Ernst & Young is set to provide a “blueprint” to the Dutch Bar which it is hoped will provide a framework for an acceptable relationship between accounting firms and law firms in the Netherlands. Price Waterhouse and Arthur Andersen have been involved in legal wrangles with the Dutch Bar over its resistance to the setting […]

Geldof in legal limelight again

Bob Geldof is facing new High Court action over the house in which he lives. Action is now pending in which Citipak is seeking an order that a caution registered against freehold property it owns in Smith Terrace, London SW3, should be cancelled and that it should be removed from the Land Registry. It also […]

Canadian firm to be pioneer in Venezuela

Calgary firm Macleod Dixon has opened an office in Caracas to become the first Canadian firm to move into Latin America. The new office will be headed by Glenn Faass, who had been head of the firm’s Moscow office for the past five years. He is joined by Uisdean Vass, recruited from UK firm Clyde […]

Immigration office accused of 'hidden agenda' on applications

“KAFKAESQUE” bureaucracy at the immigration department’s public enquiry office (PEO) has led to accusations by leading lawyers in the field of a “hidden agenda” at the Home Office to downsize the office. “Ridiculous” scenes of trainee solicitors and clerks queueing from 1am in the morning to ensure delivery of documentation for foreign businesspeople’s residence and […]

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