The big PEP row: why profit does matter

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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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Dentons
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Dentons escalates PEP row: ‘no two firms are the same, so cannot be compared’

Dentons has ramped up its war of words with the media and industry analysts over financial transparency. The firm has responded to critical questioning in the American Lawyer over its decision to stop reporting average profit per equity partner (PEP). The magazine’s article, “In Defense of PPP”, referred to Dentons’ move, which the firm defended as […]

Manchester
6

Slater & Gordon takes on Manchester HQ and re-jigs UK management

Slater & Gordon (S&G) has confirmed a UK management re-jig and taken on 105,000 sq ft of office space in Manchester. The Australian-listed firm has secured seven floors of 58 Mosley Street Manchester, where it will bring legacy Pannone, Fentons and its pre-existing Manchester staff under one roof for the first time since the 2012/13 […]

Eversheds joins forces with Knight Turner and announces new office in Durban, South Africa

Eversheds continues to expand its operations in Africa by joining forces with leading Durban-based law firm Knight Turner. The affiliation will see the independent Durban firm re-brand as Eversheds KZN with a dramatically expanded scope and reach of its product offering, while retaining its reputation for personalised service. The move follows the formation of Eversheds’ Pan-African strategy, […]

DLA Piper opens flagship Sydney office at No.1 Martin Place

DLA Piper’s Sydney office has officially relocated from 201 Elizabeth Street to new premises at No.1 Martin Place in Sydney’s business and financial community.  Following one of the largest leasing transactions in the Sydney CBD last year, DLA Piper now occupies four floors in the landmark high-rise building, which is owned by No.1 Martin Place Trust and the Charter Hall […]

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