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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 […]

Recommended

Lacking a punch

Last Wednesday (8 August), in a gym in Salford, a group of lawyers and law firm staff gathered to honour the Marquis of Queensbury. More accurately, the group had turned up for its first training session for a charity bout of white-collar boxing, scheduled for 2 November in Bolton’s Reebok Stadium. The brains and driving […]

Book lark

Just in: the latest instalment of Tulkinghorn’s summer reading. Just in: the latest instalment of Tulkinghorn’s summer reading. And it’s thanks to Julian Hawes of Brick Court Chambers for reminding Tulkinghorn of the definitive book on the combustion engine by 19th century crime writer Watson Farley. Keep them coming…

Rees returns to roots for Welsh City launch

Cardiff-based Hugh James is to launch its first office in London, and has recruited Pillsbury Winthrop Shaw Pittman outsourcing partner Phillip Rees to launch the new base. Rees, most recently a partner in the intellectual property team at Pillsbury Winthrop Shaw Pitman, will head the new operation. Before joining Shaw Pitman (just before it merged […]

San Diego sues Willkie for dual roles

US firm Willkie Farr & Gallagher has been sued for overbilling by the city of San Diego’s chief prosecutor. City attorney Mike Aguirre filed a claim last week for $29.2m (£14.3m) against New York-headquartered Willkie, which the city employed in an 18-month-long securities fraud probe alongside risk management consultancy Kroll. The project ended up costing […]

Come out, come out wherever you are

Smoke, mirrors… The top firms are all well acquainted with these highly specialised techniques of making their average profit per equity partner (PEP) figures look better (or sometimes worse) than they really are. Smoke, mirrors… The top firms are all well acquainted with these highly specialised techniques of making their average profit per equity partner […]

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