Proceeds of Crime Lawyers Assoc launches

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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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People Moves

US firm Akin Gump Strauss Hauer & Feld has appointed David Elder as a partner and head of the energy and global transactions practice. He joins from Locke Lord Bissell & Liddell and will be based in Houston. Move of the week Clifford Chance has recruited litigation and dispute resolution partner Reinhard Dammann to the […]

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Simmons & Simmons smashes PEP target

Simmons & Simmons has boosted its average profit per equity partner (PEP) by nearly 22 per cent, smashing through its target. The firm recorded PEP of £647,000 well clear of the £600,000 target the firm set a year ago. The figure marks an increase of more than £100,000 on last year’s figure of £532,000. Early […]

Addleshaws serves libel writs for tennis player dubbed ‘world’s worst’

Addleshaw Goddard is stepping into battle against the publishers of the Daily Mail, the Independent on Sunday and news agency Reuters over stories that claimed 21-year-old Robert Dee was the world’s worst tennis player. The firm served libel proceedings in the High Court after a series of articles alleged that Dee had lost 54 consecutive […]

Maitland, Harneys in Cayman ventures

Offshore services firm Maitland Group is to launch a Cayman Islands-based law firm after recruiting former Walkers partner Sara Collins. Offshore services firm Maitland Group is to launch a Cayman Islands-based law firm after recruiting former Walkers partner Sara Collins. Maitland has traditionally opted to position itself as an offshore trust services company, but managing […]

McGrigors swaps Manchester office

McGrigors has moved into new offices in Manchester after launching in the city in January. The new premises, at Pinnacle Building on King Street, are part of McGrigors’ efforts to reposition itself as a UK national firm. McGrigors’ Manchester team includes six fee-earners, led by partners Nick Ogden and Peter Blackmore, with the firm hoping […]

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