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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

In brief: Cobbetts introduces annual review process

Manchester firm Cobbetts has introduced a performance review process for all its partners – from the senior partner down to the most junior. Each partner will have an annual performance review – together with a formal interim review after six months – and will be assessed on objective measures, according to partner Stephen Benson. Management […]

Cadwaladers scores UK first

The London office of Cadwalader Wickersham & Taft has won its first major new client by being appointed to advise bondholders in the rescue of troubled UK telecom company Ionica. The appointment, after a beauty parade of several top firms in the US and UK, is a vindication of the New York firm’s heavy investment […]

in brief

Jonathan Hull has been appointed group legal director and company secretary at theatrical and concert production company, the Really Useful Group. Hull joined the company from Denton Hall in 1991 as legal and business affairs manager.

In brief: New code of practice for Scottish lawyers

In Scotland, a code of practice for solicitors carrying out criminal legal assistance came into effect on 1 October. The code is designed to assure clients that there is a consistent quality of service. To obtain legal aid, solicitors must sign up to it. Currently 680 firms and 1,741 individual solicitors have done so.

Sharing out the CFA workload

Conditional fee arrangements can work – if barristers are willing to change, says senior clerk Clark Chessis. Clark Chessis is senior clerk at No 1 Serjeants’ Inn, the chambers of Edward Faulks QC. “Why should I work for nothing?” pleaded a barrister in my chambers when offered a set of conditional fee instructions 12 months […]

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