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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

Lawyers crying out for new image, says research

SOLICITORS are craving for more help from the Law Society to restore their battered reputation, according to major new research commissioned by the Law Society. The research was based on interviews with focus groups of lawyers carried out by the independent Business Research Unit. It has also found that solicitors want more practical help from […]

In brief: Irvine sets Community Legal Service date

Lord Irvine has announced that proposals for a Community Legal Service will be finalised by the beginning of next year. The service is intended to co-ordinate provision given by grass-roots advice services such as Law Centres and the Citizens Advice Bureaux. The final detailed proposals will be the subject of a public consultation.

Montreal merger

Two of Montreal’s leading law firms – McMaster Meighen and Mackenzie Gervais – have decided to merge from the start of next month, creating one of the city’s largest practices with over 100 lawyers. The new firm – McMaster Gervais – will take on Mackenzie Gervais’ membership of the Canadian law firm network, Borden DuMoulin […]

Fayed pays Finers after visit from Sheriff

Mohammed Al Fayed has paid the £36,000 legal costs of West End firm, Finers, after the firm sent the Sheriff of London’s men to his house. Finers partner Philip Rubens, acting for Emanouel Antiques got Al Fayed’s six-year-old civil damages claim against the dealer struck out in the Court of Appeal last August and Fayed […]

Lawyers hail tobacco ruling

The landmark Court of Appeal tobacco judgment marks a “watershed” for freedom of speech, as well as paving the way for a multi-party action against two tobacco companies, say lawyers. In Thursday’s judgment, the Master of the Rolls Lord Woolf, Lord Justice Aldous and Lord Justice Chadwick ruled conditional fee agreements could not amount to […]

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