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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

Brief

Two separate initiatives encouraging law firms to implement “green” housekeeping policies kick off this month. The launch by the Environmental Law Foundation (ELF) of a new campaign to make lawyers more environmentally friendly coincides with the staging of a gala fundraising green dinner for leading members of the legal community. ELF has been awarded £12,600 […]

Why gamble on witnesses?

I enjoyed The Lawyer’s front page article on the commercial court working party suggestions on the use of witnesses (6 August). Doing away with witnesses in commercial cases is not fanciful. The function of a witness is to earn money for lawyers. Copying documents, drafting proofs of evidence, late working, interminable meetings – all rack […]

Nabarros unit defects to rival in Warsaw

The Warsaw office of McKenna & Co has poached five lawyers, including one partner, from neighbouring firm Nabarro Nathanson, in a move reflecting the current scramble for the best foreign lawyers in Poland. The departure of partner Stephen Shone and his team of four leaves Nabarros without any real estate specialists and reduces its number […]

Litigation Recent Decisions 01/10/96

Exemption from competition rules the European Broadcasting Union agreement on transmission of sporting events Metropole Television SA v European Communities Commission (1996). Summary: Directive exempting European Broadcasting Union agreement from competition rules annulled. Application under art.173 EC Treaty by television companies who were non-members of the European Broadcasting Union (EBU) for annulment of the exemption […]

Hallett's stand is a sign of the times

Whether Heather Hallett QC will succeed in her bid to become the first-ever female leader of the Bar Council is yet to be decided. However, it is a sign of the times that a woman has stood for the position two years in a row. While female barristers will still say that sexism is rife […]

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