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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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City firms show caution over rushing into liberalised Indian market…

UK firms are firming up their plans for entering the Indian market after Indian law minister Hans Raj Bhardwaj’s announcement that the country’s legal market is to open. As first revealed on www.the lawyer.com (25 September), Bhardwaj said India will allow foreign firms to establish offices offering only foreign law capabilities, although a timetable for […]

Minter Ellison closes US office

Australian law firm Minter Ellison is closing its San Francisco office and bringing US-based partner Richard Horton back to Australia. Horton, who will now be based in the firm’s Sydney office, had spent eight years in the firm’s only US office, acting for Silicon Valley clients seeking to do business in Asia. Minter Ellison chief […]

3 Pump Court takes on forensic accountant

Winchester-based set 3 Pump Court Chambers has taken on accountant BDO Stoy Hayward’s regional forensic accounting head Mike Mason as a pupil. Mason, who was BDO’s forensic accounting chief in Southampton, said he decided to qualify as a barrister and move to the bar on the back of his contact with the legal profession during […]

Ex-CC boss Cornell resurfaces at private equity giant Terra Firma

Former Clifford Chance managing partner Peter Cornell is to take up a new role at private equity house Terra Firma this month. Cornell, who left the magic circle firm in May this year, will be managing director of stakeholder relations at the private equity firm. It is understood to be a specially created diplomatic post […]

Eversheds expands in CEE with Czech tie-up

Eversheds has ramped up its Central and Eastern Europe (CEE) capabilities by sealing an association with Czech law firm Balcar Polansky & Spol. Balcar joins Eversheds’ international network today (1 October), adding two more countries, the Slovak Republic and the Czech Republic, to Eversheds’ existing 32 offices. The Czech law firm, which has nine partners […]

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