SJ Berwin in redundancy talks with 50

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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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Cobbetts called in for Fox Hayes wind-up

Cobbetts restructuring partner William Ballmann is advising David Wilson and Julian Pitt of Begbies Traynor on the administration of North East firm Fox Hayes. As revealed on The Lawyer.com (19 January), Fox ;Hayes ;went ;into administration on 16 January, one month after signing an agreement to sell its ­commercial and private client business to Lupton […]

A&O, Slaughters advise on Britannia ‘super-mutual’ merger

Allen & Overy and Slaughter and May have won lead legal roles in Britannia Building Society’s merger with Co-op Financial services, creating a £70bn so-called super-mutual group. Britannia instructed regular adviser Allen & Overy, with corporate partner Richard Slynn advising on the merger. Co-op shunned its panel firms and turned to Slaughter and May corporate […]

O’Melveny taps private equity house for Asia hire

O’Melveny & Myers has hired a former director of private equity house Actis to bulk up its Asia practice. Dean Collins will join as partner in the firm’s investment funds and securitisation practice group and will be resident in O’Melveny’s Singapore office. O’Melveny Asia head Howard Chao said: “Dean’s arrival in Asia gives our formidable […]

Value lawyering

Far from being a period of gloom and inaction the recession is the perfect time for lawyers to reevaluate their own careers and strike out on their own, says David Bargman. Value investing is a strategy that seeks out fundamentally sound companies (with strong balance sheets and price earnings ratios) and is becoming increasingly popular […]

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Addleshaws shows 19 partners the door

Addleshaw Goddard has cut 19 from its partnership after deciding it has too many partners for its business needs. Each of the firm’s three offices and all practice divisions are affected by cuts. The partners concerned are expected to leave the firm within the coming months. Managing partner Mark Jones said: “This was a very […]

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