OSS sends cases back to firms

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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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Litigation Disciplinary Tribunals 5/5/98

Christopher Charles Jupe, 56, admitted 1966 and Graham John Parr, 51, admitted 1971, practising at material time in partnership as Blair Eton Portsmouth, respectively struck off and rebuked. Allegations against both substantiated that they had acted improperly in conflict of interest situations and, against Jupe, that he had been convicted of offences of false accounting […]

A&O's “Heath Robinson' deal enables £1.4bn securitisation

A revolutionary “Heath Robinson” loan securitisation designed by Allen & Overy last month was deemed so unusual that New York-based Standard & Poor’s flew its senior counsel to London for face-to-face talks before rating it. An 18-lawyer team, led by Marke Raines, found a way for the A1/A minus-rated Japanese bank Sumitomo to raise £1.4bn […]

In brief: Legal Network TV launches training service

The College of Law’s subsidiary Legal Network Television (LNTV), has launched a new training service for accountants under the name “Accountants Law”. The service allows accountants to pick and mix from the same programmes as LNTV produces for practising lawyers.

Bar turns tables on Govt in “fat cat' row

The Bar Council successfully hit back at the Lord Chancellor, Lord Irvine’s attacks on “fat cat” barristers last week, putting the government on the defensive. Figures released by the Lord Chancellor’s Department (LCD), showing 39 barristers earning between £190,000 and £320,000 from legal aid in 1997, plus the top 20 highest earning firms for civil […]

In brief: Partnership promotions

Gouldens has expanded its company and commercial, property and litigation departments with the appointment of four new partners with effect from 1 May. Richards Butler has made up three new partners, one in the firm’s London office and two in Hong Kong. Penningtons has expanded its litigation department with the appointment of two partners. Freeth […]

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