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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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Lloyd's claims Names victory

Lloyd’s of London claimed a significant victory last week in the latest round of its battle against 450 Names who refused the settlement offer made under its 1996 reconstruction and renewal (R&R) plan. High Court judge Mr Justice Tuckey entered Order 14 judgments against the Names, allowing Lloyd’s to collect the £130m debts they owed […]

After-the-event insurer in talks with banks

AFTER-the-event insurer Litigation Protection Ltd (LPL) is talking to two high street banks to set up premium-funding loans for solicitors as part of a new package of insurance products for conditional fees. LPL intends to launch the package, Access to Justice 2000, on 1 July to coincide with the introduction of the first tranche of […]

Intranet use at peak, say consultants

LEGAL IT consultants report an “avalanche” of Intranet installations by medium-sized firms, which are attracted by the low cost and user-friendly nature of the systems. BDO Stoy Hayward IT consultant John Irving said many medium-sized firms had now advanced and stabilised their document and practice management systems and were now installing Intranet services. According to […]

BBC to spotlight immunity problem

A television programme is to claim that rules for granting Public Interest Immunity to prosecution witnesses were established during a case in which three men were wrongly convicted. Raphael Rowe, Michael Davis and Randolph Johnson were wrongly convicted of murder, robbery, grievous bodily harm and firearms offences in 1990. The case was built around information […]

New Canada Bar rule

The Law Society of Upper Canada, the country’s largest Bar association, has passed a new practice rule which obliges lawyers to advise clients undertaking conveyancing work of all the options available to them to protect their interest in property, including the availability of title insurance. The practice rule was introduced at the behest of the […]

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