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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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Discrimination: is the next big thing ‘lookism’?

By Kevin McCavish Not for the first time the fashion industry is under fire for its recruitment policies. Could requiring staff to have a certain ‘look’ be the next form of discrimination? It was reported last week that US clothing retailer Abercrombie & Fitch is being investigated by the French human rights watchdog over claims […]

Scope of warranties in a share purchase agreement

Belfairs agreed to buy a majority stake in Waveform Solutions Limited (the target) from Sutherland. Belfairs also agreed to provide an additional £600,000 interest-free loan to the target. Sutherland was to lend the target £1m — it was agreed that this would be taken from the sale proceeds. The share purchase agreement (SPA) contained a warranty […]

Andrew Leaitherland
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DWF axes 38 roles in second redundancy round this year

DWF has scrapped a total of 38 roles across the firm following redundancy consultations in May.  The firm announced two rounds of cuts in May putting roles at risk in Coventry, Edinburgh, Glasgow, London, Manchester and Teesside.  In Edinburgh, which was the first to launch a redundancy consultation (14 May 2013) associate positions in the banking […]

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