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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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Holyrood paves the way for ABS legislation

#Detailed proposals for the introduction of alternative business structures (ABS) in the Scottish legal market will be drawn up following a Holyrood debate. The Scottish government’s justice secretary Kenny MacAskill introduced a parliamentary debate that will pave the way for legislation on ABS. Last month members of the Law Society of Scotland voted in favour […]

Making light of reading

Like the lawyers at Pinsent Masons, Tulkinghorn does most of his reading in the office with the white-tiled floor. The cubicle might be small, but it is a good place to get through a Churchill biography or two. Unfortunately, a Pinsent Masons partner recently had a less than relaxing read of his favourite tome in […]

Simpson Thacher hires Akin partner

Simpson Thacher & Bartlett has ramped up its executive compensation capabilities, snaring a partner from Akin Gump Strauss Hauer & Feld. Tristan Brown will join the firm as partner in Simpson Thacher’s Palo Alto, California office in the executive compensation and employee benefits group. Firm chairman Pete Ruegger said: “Tristan will advise clients on a […]

The war for work and talent

The South East is one of the most fragmented legal markets within the UK. Regional backdrop The South East is one of the most fragmented legal markets within the UK. There is no single dominant business centre outside London, but rather a collection of law firms serving the area from the Thames Valley, through Guildford, […]

Law Society faces £65m bill to fund pension deficit

THE LAW Society must plough at least £40m into its closed final salary pension scheme in a bid to reduce its massive deficit. The society, which is funded almost entirely by fees collected from solicitors, has paid £67m into the scheme since 2005 but trustees have indicated that a further £40m is required to account […]

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