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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

Pee-for-all

During a recent visit to Herbert Smith’s London office, one of Tulkinghorn’s female colleagues was a little shocked to discover that in addition to the ladies’ and gents’ lavatories in the firm’s client dining area, it also has one for unisex use. Mrs Tulkinghorn was a little puzzled as to why such a room existed, […]

Zimbabwe puts judge on trial

Fergie Blackie, the retired judge arrested in Zimbabwe last year for allegedly attempting to defeat the course of justice, is facing trial at the end of this month. Blackie’s trial is set down for 30 June in the Harare Magistrates’ Court, and the state is likely to call three other judges as witnesses. The UN […]

Cuatrecasas builds up NY office

Cuatrecasas is doubling partner capability in its New York office. The firm is moving two partners there from Madrid to replace Javier Villesante, the incumbent director, who is going back to Cuatrecasas in Madrid. Javier Asensio and Victor Xercavins, tax and corporate partners respectively, will run the New York office together from 1 July this […]

McDermotts loses telecoms star to Wilmer Cutler

McDermott Will & Emery’s London office has been left without a recognised telecoms expert after partner Stephanie Liston resigned to join the London office of Wilmer Cutler & Pickering. Tax partner Jonathan Ivinson is also leaving for the London office of US firm Hogan & Hartson to launch its tax team. Liston’s exit is a […]

Government reforms could bring overhaul of Privy Council function

The judicial function of the Privy Council is facing a radical review similar to that announced for the Law Lords last week. If it remains attached to the House of Lords, the Privy Council would be at risk of breaching the Government’s new, or newly enforced, principle of outlawing connections between the judiciary and the […]

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