Olswang: second redundancy round, 45 to go

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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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Sacked A&O associate to take action against firm

The Allen & Overy (A&O) senior associate who was sacked for gross misconduct after publishing an erotic novel online has vowed to take legal action against the firm. Deidre Dare was sacked without notice from the firm’s Moscow office on Friday several weeks after the firm stopped her from publishing further instalments of her erotic […]

Bingham McCutchen London: profit up

The London office of US firm Bingham McCutchen has boosted profit despite a slight drop in turnover. Average profit per equity partner rose 7.4 per cent from $1.75m to $1.88m and turnover dropped 4.6 per cent from $32.5m to $31m. London managing partner James Roome said: “Restructuring really kicked in towards the end of the […]

Merrill slashes six senior legal jobs

At least six senior legal roles at Merrill Lynch have been axed as part of the investment bank’s global restructuring. New York associate general counsel Carlos Morales, general counsel of litigation and employment Barry Mandel, co-head of global litigation John Eisenberg, director and senior counsel Chris Haas and two more legal heads have been cut […]

Freshfields, Links team up on Xstrata rights issue

Mining group Xstrata is set to launch a £4.1bn rights issue, leading to mandates for magic circle rivals Freshfields Bruckhaus Deringer and Linklaters. Freshfields has emerged as the main corporate adviser to Xtrata, having worked on its hostile bid for Falconbridge in 2006. Corporate partner Julian Makin worked on that deal and has also been […]

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Postcard from… Kazakhstan

Like most aspiring lawyers I have attended numerous interviews, and like many when asked to describe our strengths I would reply “I like to face new challenges”. Yet when I found myself on a flight bound for Almaty to work as a legal assistant for GRATA, there was a small part of me that wished […]

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