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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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Digests

Denton Wilde Sapte has scooped its third major insolvency case this year. The firm has been appointed by accountants Kroll Buchler Phillips to work on the collapse of AIM-listed company SignCorp, which has got bank debts of between £8-10m. The amount owed to trade creditors has yet to be established. Lloyd’s of London has appointed […]

Field Fisher forms e-business link-up

Field Fisher Waterhouse is launching a European e-commerce association aimed at establishing itself as a lead player for advice in the new economy. The firm is set to bolster its 14-strong e-commerce team with the launch of the 15-firm European network, to be known as Ecomlex. The firm is tight-lipped on the full list of […]

Masons forges Asian alliance

The two lawyers who run Masons’ current Singapore operation will move into the offices of CLL’s 30-lawyer practice. The firms will carry out joint marketing and branding, but Masons’ first exclusive alliance will not involve profit-sharing since this is barred under local bar rules. It will also not benefit from the relaxation in the rules […]

It’s been a bad week for…

DTI plans for new mobile phone services after BT announced that it was considering legal action to delay the Government’s plans to action new licences. The telecoms giant is upset that two of its rivals – Vodafone AirTouch and Orange – have qualified to bid for the licences even though Orange is now owned by […]

Denton Wilde’s French target split over tie-up

Denton Wilde Sapte’s plan to create a European super-firm is in doubt because its French target has entered arbitration talks to resolve an internal dispute over the proposed merger. Sales Vincent & Associes, part of the Denton International Network since 1995, is “split down the middle” over whether to proceed. It is thought six of […]

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