Skadden in shake-up of London groups

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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 […]

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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 […]

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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 […]

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Lovells’ new Dubai head heralds rejig

Lovells’ decision to ­parachute London-based corporate partner Nick ­Parden into Dubai as joint office head is part of a ­strategic refocus of the firm’s Middle East presence. As revealed by TheLawyer.com last week (5 ­February), current Dubai head Shibeer Ahmed has resigned and will leave Lovells at the end of April. The firm has no […]

Rays of sunshine?

Lovells’ announcement today that it is to chop up to 94 jobs in London is particularly bad news for non-fee-earning staff. Only 18 lawyers out of the 94 are at risk, and they are likely to come from the corporate and real estate departments (see story). Unusually, and unlike a number of other firms undergoing […]

McDermott launches redundancy talks

McDermott Will & Emery has launched a redundancy consultation with nine members of staff in its London office. Three fee earners’ jobs are under review together with six support staff across marketing, IT and secretarial departments. A spokesperson was not able to comment on whether outplacement services are being offered as part of the redundancy […]

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Dissing Links

Linklaters is getting a pasting over its associate and support staff redundancy programme as well as its ‘New World’ partnership restructure. Linklaters is getting a pasting from readers over its associate and support staff redundancy programme as well as its ‘New World’ partnership restructure (see story). The criticism comes from all angles: the firm is […]

1

Financial crisis forces upturn in merger deals between isolationist Italian firms

Merger fever has gripped the Italian legal market as domestic firms join forces to weather the economic storm. This month Camozzi & Bonissoni Varrenti & Associati and Studio Associato LCA merged to form CBA Studio Legale e Tributario (CBA). The move will ­create a new entrant into the ­Italian market with a combined turnover of […]

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