Postcard from… Cairo

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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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Law Soc halts rollout of new membership database

The Law Society has shelved a £500,000 IT project, citing “technical issues”. The Integradata management system was introduced in 2007 but has been plagued by problems, forcing the Law Society to revert to an older system. An external IT analyst was brought in for six months last year, but failed to kick-start the project. The […]

Partnerships Special Report: Cutting pledge

In these tough economic times, law firm partnerships must be prepared to make decisive cuts to their cost bases. They just need to be careful where and how they wield the knife, say David Hawley and James Anderson As economic and market conditions have deteriorated in recent months, firms have turned their attention to two […]

4

Latham & Watkins: confession

Latham & Watkins: confession” />The Lawyer is always happy to admit when it’s wrong. Last Friday we said Latham & Watkins’ revenues had fallen 20 per cent. Today the US firm revealed that, in fact, 2008 revenues fell just 4 per cent. It seems we were also wrong about average profits. We said they were […]

Norton Rose installs Russia banking head

Norton Rose has transferred London banking partner Caroline Hurley to Moscow to head its Russian banking practice. Hurley will focus on finance deals in the energy sector, specialising in oil and gas. She has been a partner at the firm since 1998. “My particular banking and energy mix of experience will be put to good […]

Bingham McCutchen London: profit up

The London office of US firm Bingham McCutchen has boosted profit despite a slight drop in turnover. Average profit per equity partner rose 7.4 per cent from $1.75m to $1.88m and turnover dropped 4.6 per cent from $32.5m to $31m. London managing partner James Roome said: “Restructuring really kicked in towards the end of the […]

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