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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

Stephen Ball set to join Gibson Dunn in London

Nomura’s former chief general counsel Stephen Ball is resurfacing at US firm Gibson Dunn & Crutcher to head its UK practice. Ball left the Japanese banking group in February – where he was also managing director and a member of the board of directors and executive committee – in a shroud of mystery and has […]

Will some things never change?

The profession is modernising fast. Often reluctantly, sometimes resignedly, management, conditions, practices and reward structures are being dragged into the 21st Century. But there are still pockets of esoteric legal rituals and practices that stubbornly refuse to change. Even in the ultra-modern, high-tech business world of the City law firm some things are still done […]

It could be you

It is time for the annual round of partner promotions, when ambitious assistants await their fate. Sean Farrell goes behind the scenes at some of the City’s top firms and finds out what’s required to be among the chosen few. It is that time of year again, when a smattering of assistants, who have toiled […]

Need for equal access to bar

Jonathan Hirst QC, chairman of the Bar Council of England and Wales, said in a letter (The Lawyer, 20 March,) that “the profession has always taken the wellbeing of its pupils seriously”. Has it? Or has the profession always put the wellbeing of barristers in independent practice before those seeking pupillage and tenancy. Examine the […]

Will fair pay give a fair criminal trial?

As prosecutors look forward to more pay, John Cooper says they already have too much power. John Cooper is a barrister at 3 Gray’s Inn Square. So prosecutors are going to be paid the same as defence barristers. Whether this means defence barristers are to take a pay cut to get down to the level […]

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