Shoosmiths to split volume, commercial

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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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Wragges sets its sights on Dollond-Boots Opticians tie

Wragge & Co has advised the Italian parent company of UK optician chain ­Dollond & Aitchison on the brand’s merger with Boots Opticians. The firm won the instruction on the back of a longstanding relationship its pensions team has with Birmingham-based Dollond & Aitchison, which is owned by De Rigo. Wragges corporate partner Jeremy Millington […]

36

Freshfields cuts associate pay bands

Magic circle firm Freshfields Bruckhaus Deringer is reversing its associate salary bands with all associates set to receive the same level of pay from May, despite gaining a year in post qualification experience. As a result of the changes, the salary paid to newly-qualified (NQ) solicitors will drop from £66,000 to £59,000. Associates with one […]

Skadden in shake-up of London groups

US firm Skadden Arps Slate Meagher & Flom has launched a number of ­practice groups in London in a bid to insulate its ­business against changing market conditions. The four new groups, which will utilise lawyers from existing practices in London, are tax controversy, financial services, investment funds ;and ;corporate ­investigations. European ;managing ­partner Bruce […]

4

Lovells to slash 94 jobs

Lovells has begun a redundancy programme that will see up to 94 members of London staff lose their jobs. A total of 18 lawyers are at risk of redundancy, with 43 support staff, 27 secretaries and six professional support lawyers also likely to lose their jobs. The consultation process, which will last for one month, […]

1

Life after the LSA: barrister and ex-P&O counsel launch high street legal brand

The Legal Services Act (LSA) has always been associated with personal injury (PI) powerhouses Irwin Mitchell and Russell Jones & Walker, both of which have big post-LSA ambitions. But smaller firms are also looking for new ways to access the ­consumer ­market, and a number of online ­services are emerging with the ­specific aim of […]

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