Reform promised after Regis fiasco

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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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Two law firms show interest in E&Y oil alliance

At least two law firms have expressed interest in joining with Big Six accountants Ernst & Young in a cross-disciplinary alliance to provide a one-stop advice service to the oil and gas industry. Ernst & Young last week teamed up with UK oil and gas field exploration consultants Hannon Westwood Associates and international geoscience consultancy […]

Insolvency practitioners back voluntary debt arrangements>

Insolvency practitioners are calling on the Government to introduce a moratorium on unsecured creditor action against insolvent companies, following a survey which showed that voluntary arrangements were more successful than ever last year at rescuing businesses. Allen & Overy partner Gordon Stewart is chair of the Society of Practitioners of Insolvency, which conducted the survey. […]

Lawyers using information technology are giving away secrets, says offices report

Lawyers are in danger of letting secrets slip when using communal office equipment, according to a recent survey. The survey of 100 lawyers, carried out by office equipment suppliers Gestetner, revealed that lawyers used fax machines enthusiastically but not always to best effect. One lawyer faxed a confidential document to a newspaper, but another went […]

Know-How it's done

Know-How and Information Provision in Legal Firms is reported to be the first study on the development of know-how systems in UK legal firms and its impact on the operation of in-house information services. Know-how, which is defined as a record of the combination of personal knowledge and related work experience of individuals, is increasingly […]

Scottish survey praises Scots but work still leaks to London

Scottish law firms are offering a high quality service in general corporate and commercial work, but are losing business to London in international and intellectual property law, according to a recent survey of legal clients. A survey of 401 industrial and commercial clients, commissioned by the Law Society of Scotland and Scottish Financial Enterprise, has […]

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