SRA defends allegations of racist investigation process

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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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Wachtell Lipton set for shock London launch

New York M&A powerhouse Wachtell Lipton Rosen & Katz is exploring the opportunity of launching its first international office in London. Corporate partners Andrew Nussbaum and Stephen Cohen have been spending three or four days a week in the City since the end of August, analysing the benefits of a UK office. It is thought […]

SRA defends allegations of racist investigation process

The Solicitors Regulation Authority (SRA) chief executive Antony Townsend met with MP Keith Vaz and 40 aggrieved lawyers to rebuff allegations that the SRA is racist in its investigations of black and minority ethnicity (BME) lawyers. At the heart of the allegation are figures from a 2006 internal SRA report on ethnicity and diversity, which […]

Mayer Brown sues client Vantis over unpaid fees

Mayer Brown is suing client Vantis for unpaid fees, claiming more than £400,000 plus interest. The firm has a longstanding relationship with the accountancy and professional advisory group, with partner Stephen Bottomley advising on its AIM flotation in 2002. Bottomley advised the company on its 2005 acquisition of Numerica, which was also listed on AIM, […]

BG Group appoints A&O partner as GC

Allen & Overy head of global projects, energy and infrastructure, Graham Vinter has scooped the role of general counsel at BG Group. The new role will see Vinter, who will take up the position on November 5, take the helm of the group’s 100-lawyer global legal team and become a member of the group’s executive […]

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