Orrick puts brakes on Middle East launch

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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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Unified Durham County Council drops Kent model

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Davis Polk, Shearman act on Ford debt restructure

Davis Polk & Wardwell and Shearman & Sterling have been handed the lead mandates on the restructuring of Ford Motor Company’s debt. Davis Polk partners Donald Bernstein, Michael Kaplan and Larry Wieman are leading for Ford in a deal that will see the company’s financing group Ford Credit make a $1.3bn cash offer for unsecured […]

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Private equity: more lawyers in the house

Nearly half the lawyers working at private equity houses are having their salaries ;significantly enhanced through receiving shares of fund’s profits. The news comes as an increasing number of ­private equity houses look to hire in-house counsel, with Apax the latest house searching for an internal lawyer. Bridgepoint ;hired ­Travers Smith partner Charles Barter (pictured) […]

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Law Soc boss calls for pro bono to fill CV gaps

Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. Des Hudson Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead. In a statement […]

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Orrick bends with winds of change

Ralph Baxter says adaptability is key to riding out the recession – and he practises what he preaches. On the front page of The Lawyer last week, Orrick ­Herrington & Sutcliffe chairman Ralph Baxter summed up the ­challenge currently facing the world’s leading law firms. “There’s been gigantic, dramatic and sudden change in the world,” […]

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