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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 […]

Recommended

'I feel totally and utterly stitched up'

Michael Martin speaks for the first time about his acrimonious split from Cloisters. Matheu Swallow reports. Senior clerk Michael Martin is an embittered man who claims his ejection, after 26 years, from Cloisters chambers has left him humiliated and close to a nervous breakdown. “I feel totally and utterly stitched up. They’ve wiped 26 years […]

Directories under fire for wasting firms' millions

Law firms are squandering millions of pounds on supporting legal directories, according to a new survey of in-house lawyers. The shock study will provide ammunition to the growing band of law firms fed up with the huge cost of marketing themselves in directories. Some City firms are known to be planning a boycott of the […]

Property

Herbert Smith represented BAA Lynton on the 25-year lease of property at Gatwick Airport to British Airways’ franchise carrier GB Airways. The original terminal building will be used as GB Airways’ headquarters. The company will move into the building in May 2000. Shelagh McKibbin (pictured), a property partner at Herbert Smith, acted on the transaction […]

US firm takes on R&W's Paris office

Rogers & Wells’ Paris office merges today (Monday) with New York firm Kramer Levin Naftalis & Frankel because it does not want to be “an appendage” to Clifford Chance’s merged monolith. Paris managing partner Alexander Marquardt’s 21-strong team becomes Kramer Levin’s first office outside Manhattan. Marquardt, in his first interview since rumours spread of the […]

Bar Council scorns LawSoc's call for a unified profession

THE Bar Council is dismissing Law Society president Robert Sayer’s calls for a unified legal profession as “Mickey Mouse policies dreamt up in Disneyland”. Sayer is calling for a unified profession within five years “with one code of conduct, one set of rules, one regulator”. But his speech, given at the Solicitors’ Law Festival in […]

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