Pannone makes non-law equity partner Ascott-Jones redundant

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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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DLA beats rivals to £10m Govt IT role

DLA Piper has seen off Field Fisher Waterhouse (FFW) and Pinsent Masons to win a Government ­mandate worth up to £10m in fees over five years. The firm has retained its place as IT adviser to the Department for Work and Pensions (DWP) following a contest with 13 other firms to win work on the […]

Herbies creates two Asian management roles

Herbert Smith has created two Asian regional management roles by naming managing partners for Greater China and South East Asia. Hong Kong corporate partner Andrew Tortoishell (pictured) has taken on the Chinese role while the South East Asia post has been filled by Singapore head Austin Sweeney. The pair, who will report to head of […]

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US firms divided on partner promotions in face of worsening economic conditions

US firms have cut annual partner promotions amid mounting concerns about the economic downturn. Mayer Brown, Milbank Tweed Hadley & McCloy, Simpson Thacher & Bartlett and Weil Gotshal & Manges have all added fewer people to their partnerships than in 2007 after the legal market experienced widespread ­layoffs and a significant drop in ­workflow during […]

Second coalminers tribunal gets under way

The Solicitors Regulation Authority (SRA) today launched a series of allegations of misconduct against six partners at Barnsley-based Raleys Solicitors in relation to their handling of compensation claims from sick coalminers. The Solicitors Disciplinary Tribunal, which is expected to last 20 days, is thought to be one of the longest hearings of its kind. The […]

Uría Menéndez on course to beat the crunch with 10 per cent revenue jump

Leading Spanish firm Uría Menéndez is set to post a double-digit increase in revenue, with a 10 per cent turnover boost for 2008 expected ;despite ;the ­economic downturn. The firm reports on a ­calendar year basis, and at the end of last year posted a ;turnover ;of ;e161m (£144.11m). A 10 per cent boost would […]

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