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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 […]

Recommended

Civil servant judges put employment law at risk

When the Employment Rights (Dispute Resolution) Act 1998 comes into force later this year, claims by employees will increasingly be hammered out under a more casual regime of dispute resolution. However, employment lawyers fear that, under the new legislation – designed to speed up and reduce the cost of employment disputes – crucial judicial decisions […]

CC fears further exits as Moscow lawyer leaves

The departure of a senior Russian capital markets lawyer from Clifford Chance’s Moscow office has sparked concerns that other staff may be about to leave. Clifford Chance is believed to have left other Moscow staff in the dark about the reasons for Tim Kibatullin’s departure. John Holmes, partner at the firm’s Moscow office, says: “One […]

Law Society sounds death knell for mutual fund

Until recently, the Solicitors Indemnity Fund (SIF) must have considered itself to be in a strong position to continue providing indemnity cover to the legal profession. Despite the barrage of criticism over blunders that led to its £454m shortfall, the Law Society expressed no intention of getting rid of the mutual fund. When pressed to […]

Leading family partner joins Withers

Leading family law practitioner Mark Harper is set to leave Anthony Gold Lerman & Muirhead, where he is currently head of the family department. Harper, pictured right, has been a partner at Anthony Gold for the past 12 years and has built up a substantial client base. He is leaving to join City-based firm Withers. […]

In brief: Bedfordshire Magistrates Court Committee

Bedfordshire Magistrates Court Committee’s proposal to close four local courts is to be reconsidered following an appeal by a member of Bedfordshire County Council. The decision taken on 15 December to consolidate Ampthill and Biggleswade magistrates courts with Bedford, and join Dunstable and Leighton Buzzard local courts with Luton, is now referred to the Lord […]

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