Partner quits Hammonds on good terms after 21 years to boost small firm

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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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Less power for barristers

John Malpas reports A MARKED shift of power away from barristers into the hands of solicitors will be caused by the proposed legal aid reforms, a leading legal pressure group has predicted. According to Roger Smith, director of the Legal Action Group, the plan to allow law firms to run block legal aid contracts will […]

In brief: LAB rapped over correspondence handling

The Parliamentary Ombudsman, Sir William Reid, has criticised the Legal Aid Board’s handling of correspondence. Referring to a complaint that the LAB was evasive and dishonest in its handling of solicitors’ correspondence, he said last week: “Delays occurred in associating letters with the file and in replying to correspondence, and points raised by the solicitors, […]

Going global for new alliances

The beauty of Scotland is that it is big enough to be important in the UK and small enough for everyone to know everyone else.” Secretary of State for Scotland George Younger’s made this comment on Scotland generally, but it is particularly apposite to the country’s legal profession. The legal community is small enough for […]

Profits from the pipeline

It may be known historically as the granite city, but more recently, Aberdeen’s fortunes have been oil-related both directly and indirectly. The oil industry and its international dimension is one of the aspects that differentiates it from Glasgow and Edinburgh as a legal marketplace. And one of the larger firms, Ledingham Chalmers has also been […]

FUTURE FOR FRAUD. The conman, the crime and the costs

Fraudsters using false financial instruments are stealing more than £6 million a day from businesses, individuals and even governments, according to a report by the International Chamber of Commerce. (The Times 1 March). That bland but startling report conceals much more than it reveals. The cost of fraud to society runs into billions and affects […]

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