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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

Cadwalader partners to lose $3m from Lehman fund

A group of partners at Cadwalader Wickersham & Taft stand to lose significant sums in an investment made in a Lehman Brothers private equity fund. The news comes as Cadwalader nears the end of a financial year during which it has made two rounds of redundancies and which is expected to result in a significant […]

1

BLP’s revenues stagnate at the half-year point

Berwin Leighton Paisner has posted flat growth for the first six months of the 2008-09 financial year, attracting £84m in fee income over the period. The firm’s turnover stood at £84m at the same point last year following a 20 per cent rise. A BLP spokesperson said: “Growth is essentially flat. We’ve seen fee income […]

Jackson LJ drafted in to investigate litigation costs 10 years after Woolf

The cost of bringing ­litigation is under greater scrutiny than ever after the Master of the Rolls Sir Anthony Clarke appointed Lord Justice Rupert Jackson to conduct a year-long review. The cost of bringing ­litigation in England and Wales is under greater scrutiny than ever before after the Master of the Rolls Sir Anthony Clarke […]

More jobs to go in South West

“These are tough times, I’m just trying to steer us through,” one Bristol managing partner sighs. Talk of legal redundancies are high on the agenda across the South West, with Clarke Willmott currently in consultation with 40 members of staff (The Lawyer.com 28 October). But many firms are trying to make the most of their […]

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Lovells wins pro bono rape case

Lovells’ pro bono team has won a landmark case for a rape victim whose accused attacker had his conviction quashed. The accused attacker had tried to win £300,000 in compensation from Lovells’ client, AB. The claimant, Mr Hunt, was convicted of rape by Winchester Crown Court in November 2003 in relation to an incident that […]

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