Professional negligence

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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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Lester Aldridge names managing partner

Lester Aldridge names managing partner” />South East firm Lester Aldridge has elected Michael Giddins as managing partner. Giddins, head of the dispute resolution group, beat rival candidates Rachel Lapworth, the head of real estate, and corporate partner Tim Ford to the post. Head of fast-track Karen Savage withdrew from the race. Incumbent Roger Wooley returns […]

BT brings in two to boost legal team

BT has recruited two lawyers as part of its drive to ramp up its in-house capability across its legal function following the creation of its Openreach division in January. The main beneficiary of the recruitment campaign is BT’s Wholesale division, which provides network services to UK businesses. Thomas Bucknall, the former European counsel of ViewSonic, […]

Separated at birth

It’s summer so it must be Big Brother. Sadly, this year it’s even more inescapable than ever, with countless hugely annoying contestants and wall-to-wall coverage 24 hours a day, probably until Christmas. Mrs Tulkinghorn is in reality TV heaven. Talking of annoying contestants, none has been more unpopular than this year’s first evictee, Sezer. The […]

Penningtons results show slow growth

South East firm Penningtons has announced its year-end financial results, revealing increases in turnover and profit per equity partner (PEP). PEP crept up just 4 per cent from 2004-05’s £125,000 to £130,000 and turnover grew 10 per cent from £25.9m to £28.5m. Managing partner Lesley Lintott was unavailable for comment. The firm also promoted six associates to […]

CC hires private jet for England while Aussies drink more

After yesterday’s revelations that Field Fisher Waterhouse just don’t give a damn, Clifford Chance shows that it really cares and takes the prize for showiest client event by far at this World Cup. Forget the big screens and the sausages on sticks, CC’s cunning plan involved hiring – get this – a private jet to […]

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