Pensions lawyers await outcome of SIB review

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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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'Mini Maxwell' case begins

A major pensions civil trial involving fraud allegations and dubbed a “mini Maxwell” by lawyers, started in the High Court last week. Due to last up to 10 weeks, it has already cost around £5 million in lawyers’ fees with another £2 million in trial costs expected on top of that. The lawyer-intensive trial centres […]

In brief: Elly declares Law Soc Bristol office open

Law Society president Charles Elly attended the official opening of the society’s newest regional office, based at the Old Vic in Bristol. The office is run by south west regional secretary Matthew McKaig (middle). The ceremony was also attended by Neil Major, president of the Association of South Western Law Societies.

All change at top for London firms

TWO London-based firms of solicitors have announced the appointment of new senior partners. Lyddon Simon takes over the helm at Westminster practice Radcliffes & Co, while City-based Field Fisher Waterhouse has appointed Paul Honigmann. Simon was educated in South Africa, but came to the UK more than 30 years ago and joined Radcliffes in 1967. […]

Funds pour in for Lawrence action

LAWYERS handling the private prosecution of four youths for the murder of black teenager Stephen Lawrence have set up a special fighting fund to pay for the investigation. The eight-strong team of barristers and solicitors have set up the Stephen Lawrence disbursement account alongside the existing fund which pays for other aspects of the Lawrence […]

In brief: Cut in SIF contributions on the cards

Contribution rates to the Solicitors Indemnity Fund are likely to be reduced by around five per cent this year. In an oral report to the Law Society Council last week the fund’s chair Andrew Kennedy said the projected reduction in contributions was due to management savings and returns on investment. The precise rates are due […]

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