Sanlam shake-up for international moves

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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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New Italian group

City firm Herbert Smith has set up an Italian practice group to deal with its “extensive” work for Italian clients. The group will provide comprehensive legal services for corporate, commercial or financial transactions and disputes, as well as to merchant banks and financial institutions involved in international transactions coming out of Italy. Chris Parsons, the […]

In-house costs cut

Despite salary increases for US in-house lawyers and a continuing trend by companies to employ more in-house lawyers, companies have still managed to cut overall legal costs, according to a Price Waterhouse survey. It found that salaries for in-house lawyers rose by 5.8 per cent last year, and that 90 per cent of companies surveyed […]

Getting counsel's advice on experts

Ravinder Chahal asks chambers whether expert witnesses are a help or a hindrance to promoting access to justice and finds out how they choose the right one for each case. The use of expert witnesses in legal proceedings, both here and in the US, is commonplace. In light of the mutually exclusive and confusing medical […]

A diplomat's right to abduct children

A diplomat used his immunity to take his children out of UK jurisdiction, and the US Government is backing him, says Roger Pearson The question of how far diplomatic immunity extends is to be the subject of debate in the Court of Appeal in the context of the Hague Convention rules relating to abduction of […]

SALI claims Pru backing for drive into Euro market

Following its acquisition as part of the Prudential takeover, Scottish Amicable International (SALI) is gearing up for a renewed assault on the European market next year, according to SALI chief executive Clive Cowdery. “The Pru is backing our expansion plans in Germany and has given us an assurance that once other strategic matters are resolved, […]

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