Sullivan & Cromwell opens Frankfurt 'finance' office

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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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Absolute power

John Cooper feels that the judge’s power to recommend a sentence should be prescribed by legislation When a defendant is convicted of murder, he faces a mandatory life sentence. The trial judge can then recommend to the Home Secretary, through a pronouncement in open court, the minimum term of years that he, the trial judge […]

Turning principle into practice

Roger Pearson reports on a ruling over classification societies which could impact shipping law A recent House of Lords decision on classification societies and their legal liability has pushed the subject to the top of agenda in shipping and commercial circles. The ruling came on a preliminary issue over classification society liability which had never […]

Leeds firm revamps litigation software

Helen Sage reports Five-partner Leeds firm, Nelson & Co is developing the debt recovery work in its commercial litigation department with help from specialist legal software created by Linetime. The software, Debtime, is a County and High Court debt recovery package which helps the firm provide a more efficient service. Head of Nelsons’ commercial litigation […]

In brief: Herbert Smith switches PR agent

Herbert Smith has appointed Ludgate Communications as the firms’ PR agent. The appointment was made by Liz McDougall, an experienced lawyer who became the firm’s head of business development some months ago. Ludgate replaces Tavistock Communications, which was introduced to the firm by Herbert Smith’s short-lived former marketing chief Roger Bruce, who departed last year. […]

Lloyd's trials halted

The Commercial Court has adjourned the start date of trials for two Lloyd’s Names action groups until next year. The two actions, involving more than 2,000 Names seeking damages of more than “several hundred million pounds” were due to start soon. The Wellington action, involving 1,250 Names seeking “tens of millions” in damages from members […]

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