STEP IN OFFSHORE ISLANDS

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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

Supreme Court revamps pilot plan

THE SUPREME Court Taxation Office has launched a revised version of its pilot scheme for a radically faster and cheaper taxation process, after the failure of its first scheme last year. The SCTO dropped elements that had triggered concern among lawyers and which led to an almost non-existent take-up of the earlier scheme. The pilot […]

Are derivatives still worth the risk?

Conveyancers are constantly being told that they must adopt a commercial attitude to their work and must no longer look upon conveyancing as their bread and butter. Most solicitors are happy to do this but Practice Rule 6 inhibits solicitors from being properly commercial. The word “conflict” rears its ugly head and solicitors who would […]

Property

* The purchasers of Westminster Retail Park in Ellesmere Port for u2.225m were advised by Berg & Co, the vendors being advised by Halliwell Landau.

Lawyers' fury over Brussels 'tax'

BRITISH law firms are protesting over proposals from the Brussels Bar to charge up to u400 per lawyer per office for registration on a list of foreign lawyers. “We have made it clear that we want it substantially reduced,” says Law Society head of international Hamish Adamson. The list is being drawn up by the […]

Middle Temple hit by Barings fall

THE BAR’S Middle Temple Inn of Court has lost assets worth around u100,000 in the wake of the Barings collapse. The loss could make a dent in Middle Temple’s income. Invested assets with all the Inns contribute an income stream, which covers running costs and overheads including scholarships and expensive upkeep of their old properties. […]

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