Simmons chief job in doubt

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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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Ex-assistant wins £11k from Dorset practice

Bournemouth firm Fynn & Partners has been ordered to pay out £11,000 to a former assistant unfairly dismissed by the firm in 1995. Anita Dench worked as a property assistant in the Bournemouth office of Penningtons and was made redundant when the office opted to de-merge in 1995, forming Fynn & Partners. In 1996, an […]

High street defender beats a retreat

John Lymbury Champion of the sole practitioner, John Lymbury has had enough of being a lone gun on the high street. Chris Fogarty finds out what has made him decide to shut up shop. John Lymbury’s office in the Nottingham suburb of Sherwood sits near the hideout of one of England’s most famous criminals. Robin […]

Clifford Chance lobbies for tightening of Information Act

Clifford Chance is to lobby the Cabinet Office for a tightening up of the proposed Freedom of Information Act to allow companies to make a case for preventing the release of documents. The proposals, outlined in a White Paper published before Christmas, ‘go much further than many had expected’, said Richard Thomas, the director of […]

Mystery US firm makes $1m offer

A MYSTERY US firm is placing advertisements in the legal press offering a UK lawyer $1m to open a London office with San Francisco firm Orrick Herrington & Sutcliffe emerging as the most likely source. At £620,000, the salary is the second highest offered in the UK, after the £700,000 offered by Chadbourne & Parke […]

The appropriate forum

David Hooper says recent rulings signal to foreign litigants that they should confine their libel battles their home turf. David Hooper is a partner at Biddle. Two recent decisions, one by Mr Justice Popplewell in Berezovsky & Glouchkov v Forbes Inc (22 October 1997), the other by Mr Justice Morland in Wyatt v Forbes Inc […]

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