Summers slams Bar Council disbar rules

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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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In brief: Law Soc presses for Govt to scrap tax plans

The Law Society is urging the Government to abandon its plans to switch from a cash to an earnings basis for calculating tax paid by solicitors. Failing that, it wants a 12-month delay in implementation to give firms time to replace accounting systems and evaluate work in progress. If the change goes ahead as planned […]

SIF contributions to rocket under shortfall pay-off plan

Payments to the Solicitors’ Indemnity Fund (SIF) will rise by a massive 30 per cent for the next seven years under a proposal to pay off its £450m shortfall. The Law Society’s standards and guidance committee approved the hike earlier this month and the full council is due to vote on 5 March. The rise […]

In brief: Insurance firm takes the Edge

Liverpool and Birmingham insurance litigation firm Weightmans has appointed Michael Edge as its new senior partner. Edge will take over from Tony Summers on 1 May 1998.

CC goes pan-Euro with Shandwick

Clifford Chance has appointed Shandwick Public Relations to up its profile in Europe, as rumours persist that the firm is planning a big project in the region. The firm, which had previously used Lowe Bell, hired Shandwick after holding a beauty parade of three PR firms, which included Lowe Bell. The appointment will be for […]

Solicitor fined £15,000 for misleading investors

Former Blyth Dutton partner Peter Hooper was fined £15,000 this month (Friday 13th) for drafting a misleading “comfort letter” to investors in motor cycle company Norton Group. Hooper, who was charged under the Financial Services Act 1986, drafted the letter on the instruction of Norton’s chief executive Philippe Le Roux, who was also fined £15,000 […]

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