Norton Rose Islamic finance star joins Al Salam Bank

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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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Reed Smith re-elects Jordan to top job

Reed Smith has confirmed the re-election of managing partner Gregory Jordan for a third three-year term, which will see him remain at the helm until 2010. The re-election follows a partnership vote over seven days, ending on 3 October. Jordan, a litigation partner, has been managing partner at Reed Smith since 2001, when he became […]

Eleventh-hour injunction blocks disclosure rules

The Law Society has blocked new court disclosure rules that would have made documents such as pleadings and defence of a claim available to all third parties. Schillings, representing the Law Society, won a last minute injunction against Court Service on Friday (29 September) stopping the rules taking effect from yesterday (2 October). Mr Justice […]

Forty per cent of companies are not ready for age discrimination laws

Over 40 per cent of employers have failed to train managers in how new age discrimination legislation will affect recruitment, according to a new survey carried out by Eversheds. The firm spoke to HR directors and senior managers in 150 companies to find out how ready they were for the introduction of the Employment Equality […]

Mayer Brown confirms three-partner chairmanship

Mayer Brown Rowe & Maw (MBRM) has confirmed that three partners will assume the duties of chairman when incumbent Ty Fahner steps down next May, as first reported on www.thelawyer.com (18 August). The firm’s policy committee voted that general counsel James Holzhauer, UK managing partner Paul Maher and head of the Washington DC office Ken […]

PwC creates law, tax powerhouse in Italy

Accountancy giant PricewaterhouseCoopers (PwC) has launched a combined tax and legal firm in Italy, raiding former network firm Pirola Pennuto Zei & Associati for eight partners and 80 lawyers. The new firm’s name is Studio TLS, which stands for Tax and Legal Services. It has launched with eight partners and 130 lawyers in total. The […]

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