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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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MPs slam CPS over £11m waste

THE CROWN Prosecution Service (CPS) has abandoned its flagship computer system after spending £10.6m of taxpayers’ money on it – to the fury of MPs on the powerful Public Accounts Committee (PAC). The embarrassing admission that the Scope case management system has been axed was made by the Director of Public Prosecutions, Dame Barbara Mills […]

Criminal injury compensation

A woman who was refused Criminal Injury Compensation over injuries she claimed she received during a robbery at her home, is taking her case to the House of Lords. Miriam Avraam’s claim was dismissed by the CICB on the basis it was not satisfied she had suffered the assault. That dismissal was upheld by the […]

Asim offers funds growth in its defence

Funds under the control of solicitor investment managers increased to £2bn last year, according to figures released by the Association of Solicitor Investment Managers (Asim) last week. The figure for funds managed by Asim members, who now number more than 90, represents an increase of more than £400m since 1996. The association is hoping the […]

It has been a bad week for…

Britain’s busiest divorce solicitor Marilyn Stowe, (see Tulkinghorn, page 12) Justin Ede and Julia Charlton of Hong Kong practice Ede Charlton, whose close two-year affiliation with big five accountants Arthur Andersen has been ended suddenly by the ruthless giant. (see full story on page 3) Women in Property will visit Bluewater – the site for […]

New recruits double pay at Cadwaladers

Six more City lawyers are likely to have doubled their pay by accepting offers to join the London office of US firm Cadwalader Wickersham & Taft. Simmons & Simmons’ insolvency partner James Roome is going, together with insolvency assistant Yvette Croucher. Croucher is understood to have been tempted by Cadwaladers’ London salary for three-year qualifieds […]

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