RBS launches workout group in legal shake-up

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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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3

Axed DLA staff vent spleen over packages

A leaked internal memo has exposed the scale of anger over DLA Piper’s job-cutting programme, with employees confronting­ ­senior staff about the ­redundancy ;packages offered by the firm. As revealed on The Lawyer.com (11 March), minutes from a meeting held last month, after the firm announced it was to lose 30 lawyers and 110 ­support […]

Clydes recruits two partners to Abu Dhabi

Clyde & Co has boosted its Middle East presence with the hire of Islamic insurance (takaful) partner Peter Hodgins. It follows the addition of Abu Dhabi real estate lawyer Scott Aitken to the firm’s partnership. Hodgins joins from DLA Piper, where he helped establish its affiliate offices in Dubai and Riyadh. Aitken will head a […]

10

Postcard from… Moscow

Considering that I am the most notorious expat in Moscow, there’s probably no one better to convey the experience of living in Moscow than I. In short: it’s the kind of place you end up notorious in without doing a thing to merit it. Considering that I am the most notorious expat in Moscow, there’s […]

5

Norton Rose to offer four day week to partners

Reduced hours for all employees could save £5m a year in wages and profit payouts Norton Rose to offer four day week to partners” />Norton Rose is encouraging partners to take up part-time working under a radical scheme to offer reduced hours to all staff. Under the plan, which is yet to be approved and […]

Dentons cuts 76 jobs at end of consultation

Denton Wilde Sapte has laid off 76 people after holding a redundancy consultation with a number of departments across its London and Milton Keynes offices. A total of 37 fee-earners have lost their jobs with the remainder of the redundancies affecting the secretarial, IT, telecoms and library departments. The firm’s chief executive Howard Morris said […]

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