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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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Slaughters gifts Pru no-fee deal

In a move which underlines the firm’s growing flexibility on fees, Slaughter and May is not charging the Prudential for helping draw up its best-practice guidelines for outsourcing. The firm hopes the loss leader will put it in pole position for future outsourcing projects with the financial services giant. Slaughters has advised the Prudential for […]

A little respect

Religious and political beliefs are often treated differently in the eyes of the law, but Richard Nicolle says the differences are not clear-cut Religion and politics are topics on which people tend to have strong, and sometimes conflicting, views. If one person’s views, beliefs and customs are not respected by others, this can lead to […]

Former health minister teams up with Beachcrofts

The former health minister who resigned over the Iraq war is to take up a new brief advising Beachcroft Wansbroughs’ health and social care division. Lord Hunt of Kings Heath (Philip Hunt) will be part of the team helping clients face the issues and implications of the constantly changing health sector. He will particularly support […]

Pencil pusher

Former Shearman insolvency star Ronald DeKoven is used to the finer things in life. Matheu Swallow talks to a man coming to terms with grotty old London. Ronald DeKoven interrupts our interview – which is taking place in a small and slightly gloomy conference room in the basement of his new home at 3/4 South […]

A&O to save millions by using virtual filing

Speaking at a seminar on real estate needs for law firms, Rodney Barker, a former A&O director of business services, who is now a legal workplace consultant, said that A&O was aiming to reduce its current provision by 80 per cent…. Allen & Overy (A&O) could save millions of pounds a year on rental costs […]

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