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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

McGrigors’ London base sees turnover boosted by one-third

Mcgrigors has seen a massive upsurge in London work, with City turnover growing by 30 per cent in the past year as firmwide turnover rises by 5 per cent to £42.4m. McGrigors’ financial year ends on 30 September. Of its total turnover, around £18.2m came from London and £24.2m from outside the capital. London now […]

Former Macfarlanes partner joins Maitland in SA

Maitland, the South African trusts advisory group that took on Linklaters partner Rupert Weber, has also hired former Macfarlanes partner Michael Hayes. Formerly a partner in the City firm’s highly rated private client department, Hayes will join as a part-time consultant next month. He retired from Macfarlanes in April, but while there often worked with […]

Freshfields paves the way to oust underperformers

Magic circle firm proposes tougher centralised process for sacking weaker partners; vote imminent Freshfields Bruckhaus Deringer is to make it easier to get rid of underperforming partners. If partners vote in favour early next year, the firm will no longer require a partnership vote to oust partners; instead, powers will be delegated to a slimmed-down […]

Record number of global firms achieve Paris Bar Council spots

International firms had their best ever showing in last week’s elections for the Paris Bar Council. Four candidates from Anglo-Saxon firms were among the 42 lawyers standing for the 17 vacant seats on the council in a bid to double the number of international representatives. Prior to last week’s elections, there were only four council […]

Legal Widow

The managing partner unveiled a new training strategy at the recent personal development and motivational weekend. It was held in Dublin – motivation enough for anybody – but lawyers are awfully spoilt. If I was in charge, I’d book the local church hall and they’d have to lump it. Everyone spends the entire weekend in […]

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