Stephenson Harwood in HSBC-iSPL outsourcing

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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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CSFB rejig sees Volk appointed chairman

Credit Suisse First Boston (CSFB) has appointed Stephen Volk as chairman The former Shearman & Sterling senior partner left the firm last summer to take up a post as CSFB vice-chairman.Volk’s ascension to chairman comes as part of a programme of restructuring at the banking giant. He replaces Joe Roby, who announced his intention to […]

Ex-Herbert Smith star joins CC in Hong Kong

Litigation and dispute resolution star Martin Rogers has joined Clifford Chance’s Hong Kong Rogers has been on gardening leave since he left Herbert Smith in July. He is known for contentious regulatory and insolvency work, but will advise on a range of financial services regulatory work and insolvency matters.There are now three partners in the […]

Rowe & Maw merger gets Illinois blues

Rowe & Maw and Mayer Brown & Platt will not be able to merge fully until the State of Illinois gives the go-ahead for limited liability partnerships (LLPs) The news comes in the wake of the firms’ deal to create a $614m (£434.7m) law firm – the tenth-largest in the world.In the meantime, the UK […]

Fried Frank told Enron to review partnerships

Revelations coming thick and fast in the wake of the Enron debacle have brought the name of another US law firm to the fore Fried Frank Harris Shriver & Jacobson has been named by Congressional investigators as one of the few professional advisers to voice concern over the way the company was structured.Houston firm Vinson […]

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