Singapore review group says no to full liberalisation of legal market

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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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Skadden raids Weil for European restructuring head

Skadden Arps Slate Meagher & Flom has snared Weil Gotshal & Manges’ head of restructuring to head up its European restructuring practice. Chris Mallon, currently head of the business finance and restructuring group at Weil, announced his departure from the firm today. His experience includes advising on a number of key restructurings including Enron, Global […]

Shearman & Sterling

With the launch of its organic growth strategy, Shearman & Sterling‘s London office hopes to offer improved career prospects to associates and trainees. Promotions to partnership within the office have averaged just one a year over the past three years. However, London managing partner Kenneth MacRitchie recently promised to shift focus to organic growth rather […]

Penny Francis elected LG senior partner

LG managing partner, Penny Francis, will replace Bill Richards as the firm’s senior partner. Francis was elected by the firm, beating competition from fellow partners corporate head, Chris Tite, corporate partner Sunil Kakkad and tax partner Robert Field. The head of LG’s business and finance group Hugh Maule will replace Francis as managing partner. Francis, […]

Cads: hiring, not firing

Any Cadwalader associates out there can, it seems, rest easy. The US firm known for having one of the largest structured finance practices in the country is not looking to lay off anybody. Not now, not later. That, at least, is the story from management committee member and litigation chairman Greg Markel. Last Friday (9 […]

Law Soc steps up campaign against China’s AIM restrictions

The Law Society is stepping up its lobbying campaign after unsuccessful talks with the Chinese government failed to change rules that appear to prohibit Chinese companies from listing on AIM. China Law Council chairman Neil Sampson has been instructed by the Lord Mayor of London to pursue the matter and is writing to the Chinese […]

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