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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

A word from the wise

A blast from the past this week from Fladgate Fielder, where chairman Paul Leese was reminiscing about the good old days at the West End firm. Leese, who celebrates his 30th year at Fladgates this year, recalled how he attended a cocktail party in his early days and saw a lawyer approach the legendarily straight-talking […]

European CFI blasts Slaughters’ high rates for Airtours litigation

The European Court of First Instance (CFI) has handed down a scathing judgment on Slaughter and May’s costs in the groundbreaking Airtours litigation. On 28 June, the five-person tribunal agreed with the European Commission, which Slaughters beat in the litigation, that the firm’s fees were “exorbitant”. In the absence of an hourly costs breakdown from […]

Nabarros acts pro bono on claims against BA

Nabarros acts pro bono on claims against BA” />Nabarro Nathanson is acting on a pro bono basis for the British Airways (BA) stewardesses suing the airline for sex discrimination. The Nabarros team, led by head of employment Sue Ashtiany (left), is advising 12 of the 14 stewardesses in their claim. Two more women are pursuing […]

Norr Stiefenhofer targets Slovakia for office opening

Germany’s Norr Stiefenhofer Lutz is widening its Central and Eastern European (CEE) spread by opening a Bratislava base. The office in new EU member state Slovakia’s capital is the firm’s sixth in CEE and has been set up to take advantage of the region’s increasing draw for outside investment due to favourable labour costs and […]

Penningtons’ partner hire boosts retail banking

Penningtons has taken on a former salaried partner from Lovells to boost its retail banking practice. Marjena Fidalgo, who left Lovells at the start of the year, will join Penningtons’ London retail banking practice today (2 August), bringing the number of partners in the division to seven.

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