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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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Financing

Allen & Overy advised on both sides of the £400 million facility for Racal Electronics. The firm advised the borrower and acted for NatWest and BZW as arrangers.

Pending QBD jury hearings

Jury cases listed for hearing in the Queen’s Bench Division include: Spencer v Express Newspapers (18 March); Botham v Niazi (13 May); Lamb v Niazi (13 May); Hossain v Lloyds Bank (not before 4 March); Reid v Campbell and anor (not before 4 March); Cofie-Agyeman and anor v Commissioner of Police for the Metropolis (not […]

Lloyd & Associates attracts a clutch of new partners

A NEW London law firm has grown from two partners to six in its first 10 months of operation. Lloyd & Associates also expects a turnover of more than £1 million within its first 18 months. The South Kensington practice was established in May last year by John Lloyd and Meena Heath, both of Lloyd […]

Courts crack down on pollution

The effects of a recent High Court ruling that a Cornish council must take a tougher stance against South West Water over coastal pollution are already being felt. But solicitor Charlie Hopkins, of London-based environmental champions Leigh Day & Co, believes the full impact of the decision has yet to be appreciated. He said the […]

So much for the market

I am somewhat dismayed and astonished by the complete insensitivity of the Law Society training committee chair Simon Baker, maintaining that “the serious over supply of applicants seems to be correcting itself without the need for direct intervention” (The Lawyer 27 February ‘Report renews trainee furore’). Surely, Mr Baker seems to forget there are over […]

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