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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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A legal future of doom or boom

It is easy to look back and comment on the past 10 years of recruiting in the legal market but it is far more exciting to gaze into the crystal ball and view the future. This is especially so at the moment, because in my 15 years of experience in the legal profession – four […]

Playing the devil's advocate on CPE

Mr Justice Lightman’s speech to the Chancery Bar Association earlier this month has certainly stirred up something of a hornet’s nest. His comments on the education of young barristers in particular have provoked fury among those many lawyers who have trained via the Common Professional Examination route. Judge Lightman asks how such an education could […]

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Non-practising barristers call for end to advocacy ban

Non-practising barristers last Saturday called on the Bar Council to reverse a “farcical” rule change which bans them from acting as advocates. The alteration to paragraph 212 of the Bar’s code of conduct came into effect on 1 June and removes rights of audience from any barrister not in independent practice or working in-house. The […]

In brief: Priority to be given to partnerships Bill

The leader of the House of Commons, Ann Taylor MP, has announced that a new bill on limited liability partnerships is to be given priority. The draft bill will also be subject to pre-legislative scrutiny by select committee and consultation with outside organisations.

Law centres rap Govt plans for funding community legal service

New Labour’s plan to use savings from legal aid for its much-heralded nationwide community legal service has been attacked by the law centres bidding to be at the core of the new service. Delivering a speech at the Law Centres Federation (LCF) annual reception for MPs at the House of Commons last week, LCF chairman […]

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