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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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PNAG fails in attempt to foil Lloyd's rescue plan

London law firm Warner Cranston represented the Paying Names Action Group (PNAG) which last week failed in the High Court to scupper a £3.2 billion rescue plan for the Lloyd’s of London insurance market. PNAG wanted the plan declared illegal on the grounds that it penalised those Names who continued to pay their debts during […]

Financings and flotations

Lewis Silkin acted for John East & Partners as nominated adviser to London & Edinburgh Publishing in connection with the placing of 13.9 million shares at 10p each and its admission to the AIM.

A classic 'no can doism'

In the 13 August issue you quote Karen Aldred of the Law Society as saying that the society “favoured the principles of the schemes but attempts to create them had proved unviable in the past” (“Call for Scots-style housing groups”). Unfortunately, Ms Aldred’s negative statement is wholly redolent of the “no-can-doism” which has been so […]

Juries/conditional fees. No win, no fees sets the standard

Six years ago Parliament passed the Courts and Legal Services Act and Section 58 promised nothing short of a revolution in access to civil justice. It allowed the introduction of conditional no win, no fee arrangements, and the Conditional Fee Agreements Order 1995 brought in conditional fees for insolvency work, European Court of Human Rights […]

Conveyancing champion Sayer fronts fight for property groups

LAW Society conveyancing campaigner Robert Sayer has drawn up proposals he believes will allow law firms in England and Wales to set up profitable Scottish-style property groups. The former vice-president, who has been asked by president Tony Girling to be deputy treasurer, has already entered informal talks with Chancery Lane staff to present his views […]

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