Stephen Ralph and Peter Garry

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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

In brief: Vice Chancellor's role is extended

The Vice-Chancellor Sir Richard Scott has been appointed head of civil justice by the Lord Chancellor. The decision to extend Sir Richard’s responsibilities to cover civil justice is in line with one of the recommendations of Lord Woolf’s interim report on reform in this area. Lord Mackay said: “As a senior serving judge, the Vice-Chancellor […]

Linklaters gets Woolwich deal

Linklaters & Paines is advising the Woolwich Building Society on its plans for conversion to plc status and London Stock Exchange listing. Woolwich is the UK’s third-biggest building society with assets of about £28 billion, 12 operating subsidiaries, over three million investors and more than 550,000 borrowers. Heading Linklaters’ team are partners Jeremy Skinner and […]

Property

Taylor Joynson Garrett and SJ Berwin acted for Leisure Developer THI and British Land respectively in a development and funding deal for a major site at Kirkstall Road, Leeds.

Financings

Frere Cholmeley Bischoff is advising British & American Film Holdings on proposals for conversion to investment trust status and a reorganisation of its share capital. Mishcon de Reya is advising on reorganisation of British & American’s film interests.

Bar faces calls for second ballot

THE BAR Council’s narrow ballot victory in favour of its complaints scheme could be short-lived, as its opponents consider an extraordinary general meeting (EGM) to force another ballot. The move is being discussed because the ballot included around 4,000 employed barristers, who opponents say would not be seriously affected by the changes. If the move […]

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