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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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Stephenson Harwood and Dechert make layoffs

Stephenson Harwood and Dechert are making redundancies, blaming their decisions in part on post-merger restructuring Stephenson Harwood, which has just taken over Sinclair Roche & Temperley, is to make 14 lawyers and 20 support staff drawn from across both firms redundant.Dechert is negotiating redundancy packages with three assistants, one paralegal and 10 support staff.Chief executive […]

Potter quits White & Case – and the law

First edition of Offshore Lawyer inside Finance partner Colin Potter is quitting his role as a lawyer as he leaves the London office of White & Case to take on a consultancy role with a search firm.Potter will leave White & Case on 31 May to join headhunters Global Legal Search sometime in June. In […]

Glencore-Metro dispute wraps up

What do you get when you combine some missing oil with the collapse of a floating oil storage facility?

LCD to hike civil court venues by fifteen per cent

The Lord Chancellor’s Department has announced that it will increase the number of civil court venues by at least 15 per cent in an attempt to give better access to those using the courts There will now be 275 venues as opposed to 234. New measures will also allow people to access many court services […]

Sixteen quit Goldsmith to join Hardwicke Bldg

Exodus creates UK’s largest set; Goldsmith’s future in doubt In what is believed to be the largest single defection from a set of chambers, 16 barristers are leaving multi-disciplinary set Goldsmith Building to join Hardwicke Building.Although there have been largescale moves following the dissolution of sets, this is understood to be among the largest rounds […]

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