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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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Women in law need a pan-European dialogue on status

It is not just the UK profession which has to address its lack of female representation. Cherie Booth QC uncovers a European problem The role of women in the law is an issue close to my heart. This is not just because I am a female lawyer but because I believe it raises fundamental questions […]

Fear of competition bars rights of audience

Susan Ward says the Bar’s requirements for the lifting of rights of audience restrictions on employed barristers means these rights are being given with one hand and taken with the other. Susan Ward is chairman of Bacfi and general counsel to the banking body, APACS. Of course I am pleased to see a very small […]

HK judge slams Deacons' and CC's alarming fees

A Hong Kong judge has attacked Clifford Chance, Deacons Graham & James and Price Waterhouse for the “alarming” fees they are charging creditors in the liquidation of investment bank Peregrine and for a relationship which she believes seems “too cosy”. Clifford Chance billed HK$16.9m and Hong Kong firm Deacons billed HK$21.5m in the liquidation of […]

In brief: Survey uncovers firms' desire to find suitors

A third of law firms intend to merge in the next three years owing to a “hostile ” environment, according to nationwide research carried out by London Business School (LBS). A survey of 170 firms of five partners or more by LBS Professor Tim Morris revealed that firms feared increasing competition from rival law firms […]

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Govt faces pressure to close legal aid divorce “loophole'

The government has come under pressure to tighten up legal aid in divorce cases following The Lawyer’s revelation last week that the woman intending to marry Anthony Julius is getting legal aid for her divorce. Julius took about £250,000 a year as a partner at Mishcon de Reya, while the husband of his future wife, […]

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