Simpson Thacher earns $300k for Treasury bailout

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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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Cathy Pitt: Norton Rose

If a movie was made about your life, which actor would play you and why?I’d like to think Nicole ­Kidman or Keira ­Knightley, but Victoria Wood is more realistic. What was your first-ever job? Working as a farm hand on an onion farm. What was your worst ­experience as a trainee?Packing up my boss’s office […]

Halliwells reorganises its finances

Halliwells is “reorganising its borrowings” following its move into new headquarters in Manchester. In response to enquiries concerning the firm’s financial situation, a Halliwells spokesperson said: “The firm had always intended to reorganise its financial structure once all aspects of the move to Spinningfields [the Manchester headquarters] had been completed. However, the firm refused to […]

Team torques

An interim High Court judgment has placed fresh restrictions on the so-called springboard advantage a team of defecting employees may hope to gain over their former employer. As many business purchasers have found to their cost, the value of any service firm within the City of London is heavily dependent on the continued loyalty of […]

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Shackleton squares up to Manches’ Ward on Madonna divorce

The battle for the assets from Madonna and Guy Ritchie’s marriage is to be fought out by heavyweight family lawyers Helen Ward of Manches and Fiona Shackleton of Payne Hicks Beach. Ward, who set the benchmark for the largest divorce settlement when she secured £48m for Beverly Charman in her split from husband John Charman […]

Linklaters curtails client base to focus attention on major players

Linklaters curtails client base to focus attention on major players” />Linklaters is in the process of slashing its client base in an attempt to reduce conflicts and focus its ­business solely on large global entities. Managing partner Simon Davies, who is leading the project, carried out a similar exercise at the beginning of the decade […]

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