Skadden advises American Apparel on Lion’s share

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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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Herbies launches in Spain with three-partner Linklaters raid

Herbert Smith has pounced on the Madrid office of Linklaters for three partners to open an office in the Spanish city. The firm has brought four Spanish lawyers in total into its partnership for the launch. They include former Linklaters M&A and restructuring partners Alvaro Sainz and Miguel Riaño, an energy and infrastructure specialist. The […]

Central & Eastern Europe: Mountain rescue

Austria’s government is now spending e100bn on saving the country’s failing banks. Tom Phillips investigates After rebuilding eight former Communist nations that joined the EU in 2004, the banks of Austria are now fighting to stay afloat. How one of the world’s most secure banking communities found itself with loans of around e201bn (£185.87bn) – […]

Irwin Mitchell expands Spanish footprint with Madrid merger

Irwin Mitchell is stepping up its international expansion programme after acquiring Madrid firm L&E Solución Legal and Empresarial. This will boost its existing Madrid office and, according to the UK firm, gives its Spanish practice, Irwin Mitchell Abogados, niche expertise in data protection law. The Madrid office will now be led by data protection specialist […]

No whining as Mipim waves au revoir to bacchanalian excess

No longer the glam drink ticket, Mipim may be changing its spots – and about time too, says Catrin Griffiths It sounds as if lawyers are putting a brave face on it. For years, the Mipim festival in Cannes – the biggest property event in Europe ­– has attracted developers, funders, surveyors and lawyers in […]

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Olswang fails to overturn Guardian injunction

Olswang has failed in its bid to overturn a temporary gagging order made against its client The Guardian. Paul Lomas Freshfields Bruckhaus Derringer partner Paul Lomas (pictured), acting for Barclays Bank, secured the injunction against the newspaper on Tuesday after it published seven documents that outlined details of an alleged tax avoidance scheme at the […]

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