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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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CMS Hasche Sigle courts Norton Rose Cologne

Norton Rose’s Cologne office appears to be on the verge of joining CMS Hasche Sigle. It is understood that CMS Hasche Sigle is conducting due diligence on the office, the former Cologne branch of Gaedertz which joined Norton Rose in 2000. According to German legal magazine Juve, at this stage it is not clear if […]

Kirkpatrick implements management change to San Francisco

Nicholson Graham & Jones’ (NGJ) imminent merger partner Kirkpatrick & Lockhart has shaken up its San Francisco management. The US firm has appointed IP specialist Deborah Bailey-Wells as the San Francisco office’s administrative partner, taking over from Peter Sheats. As part of the move, Bailey-Wells will also become a member of the firm’s management committee. […]

Remainder of Freshfields’ Bangkok staff join Coudert

Coudert Brothers is set to pick up the remaining vestiges of Freshfields Bruckhaus Deringer’s Bangkok office, beating DLA and Australia’s Minter Ellison to secure the deal. Under a deal finalised last week, partners Stephen Bennett and Surasak Vajasit will be joined by a group of 11 Freshfields associates and support staff at Coudert. The US […]

Grupo Torras ruling to decide on Caymans’ link with UK law

A Privy Council hearing next month in the Grupo Torras case – one of history’s longest fraud cases – could result in the UK’s overseas and Commonwealth territories gaining greater independence from UK parliamentary rule. The court will decide whether bankruptcy laws in the Cayman Islands – where the Grupo Torras case is being heard – which […]

Tag of war

Collapsed claims giant Tag’s former employees are seeing life from the other side as they try to claim through no win, no fee. Jon Robins reports A couple of days after the management of claims farmer The Accident Group (Tag) sacked 2,500 staff – some by the now infamous text message last May, a meeting […]

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