Shell legal boss Peter Rees QC in shock exit

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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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Co-operative bank

Co-op Group finalises in-house restructure

The Co-operative Group has finalised the process of dividing its legal function in the wake of losing control of its banking arm to investors in October. The consumer group was given until 20 December to restructure the in-house legal function, following investor approval of the bank’s plan to host the UK’s first ever ‘bail-in’ by […]

Eversheds launches online auto-enrolment compliance tool called ‘aeready’

Eversheds has launched an online auto-enrolment compliance tool for employers that are due to reach their auto-enrolment staging date in 2014 and beyond. The tool, called aeready, will provide employers with online access to tailored, fixed-price legal advice on their auto-enrolment obligations. It is designed to complement the auto-enrolment services that will be available through […]

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Exclusive: Shell legal boss Rees in shock departure

Shell legal director Peter Rees QC has left the oil giant, just three years after joining the company. The abrupt move is understood to have surprised the legal team, which was informed on Friday (10 January 2013) in an email announcement from chief executive Ben Van Beurden. Rees’s tenure has ceased with immediate effect. Acknowledging […]

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Pannone Corporate to share real estate work with legacy firm

Despite spinning out as part of Pannone’s tie-up with Australian-listed Slater & Gordon, Pannone Corporate will work with the legacy firm’s real estate team while its own recruitment drive gets underway. In a statement the firm said: “Pannone Corporate is actively recruiting experienced real estate lawyers following the transfer of the Pannone team to Slater […]

CFTC no-action relief and request for comment for the transaction-level requirements of non-US swap dealers

On 14 November 2013, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) issued Advisory 13-69 in response to inquiries from swap market participants as to whether a non-US swap dealer (SD) must comply with the transaction-level requirements set forth in Title VII of the Dodd-Frank Wall Street […]

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