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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

LSC job cuts spark fears for access to justice

The Law Society has warned that access to justice could be adversely affected after the Legal Services Commission (LSC), which runs the legal aid scheme, cut 600 jobs. As revealed by TheLawyer.com (4 November), the LSC is to shrink its ­headcount from 1,700 to 1,100 by 2011 in a bid to reshape its business support […]

Mincoff Jacksons

The merger this summer of longstanding Newcastle-area firms Jacksons and Mincoffs (TheLawyer.com, 18 June) created a new player in Newcastle’s usually steady second tier. With a combined turnover of around £8m, the firm slots in behind Newcastle giants Dickinson Dees, Ward Hadaway and Watson Burton at around the level of local rivals Muckle and Sintons. […]

Cohen Milstein loses Hausfeld to form new boutique

A new claimant law firm based in Washington opened its doors today and immediately announced plans to expand across the US and into London. Hausfeld is a breakaway from well-known claimant class action firm Cohen Milstein Hausfeld & Toll. It is chaired by Michael Hausfeld, formerly the head of Cohen Milstein’s antitrust and international practice […]

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Eversheds launches fresh redundancy talks

Eversheds launches fresh redundancy talks” class=”inline_image inline_image_left” src=”/pictures/web/images/14763_david-gray-eversheds.jpg” />Eversheds has launched a second round of redundancy talks with 45 lawyers and related support staff. Those affected are predominantly in the M&A, finance and insurance departments. Those being consulted in finance are focused on real estate finance and acquisition finance. David Gray, Eversheds chief executive said: […]

Jersey calling

Changes to the UK corporate tax regime have prompted some businesses to set up shop in Jersey. By Mike Jeffrey It has been widely reported in the UK press that a number of UK ­corporates with significant non-UK business interests are considering migrating for tax purposes to ­Ireland or other lower taxation jurisdictions in an […]

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