Shearman swoops for Freshfields star

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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 London boss to spearhead Squire integration and profile push

Squire Sanders & Dempsey today announced its new managing partner of the firm’s London office will be a partner gained from the recent Haarmann Hemmelrath merger. Andrew Visintin, who along with his Haarman colleagues joined the Ohio-headquartered firm in February, will lead more than 30 lawyers in the London office. There was no leadership vote. […]

Orrick finally secures Coudert’s China licences

Orrick Herrington & Sutcliffe has ended its long-running bid to obtain operating licences for the mainland China offices it acquired from defunct firm Coudert Brothers. It is understood that the China Ministry of Justice (MoJ) and the respective city’s judiciary bureaus have granted permission for the amendment of the licences for both Coudert’s Beijing and […]

Smarty-pants

Mishcon de Reya‘s bid to be the City’s most eco-friendly firm has come under threat from national giant Eversheds. Tulkinghorn recently discovered that Eversheds London managing partner Corny Medvei drives a Smart Car. Who said City lawyers were all gas guzzlers?

Lord Chief Justice approves extradition of hotel chiefs

Simmons & Simmons have failed to prevent the extradition of two elderly hotelliers to the US after the Lord Chief Justice rejected arguments that the US government had exploited the 2003 Extradition Treaty. In a High Court hearing yesterday (Wednesday 6 September) Lord Phillips, the Lord Chief Justice, and Mr Justice Cresswell handed down judgment […]

Petrol offer inflames BP claimant

Good news for BP’s lawyers this week with the news that a Texas judge found their attempts to settle a case through inducements to the other side merely unusual, and not unethical. The oil giant is currently embroiled in a massive class action case after a refinery explosion in Texas City, which killed 15 workers. […]

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