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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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Dot coms net lawyers in search of a challenge

First they got firms to work with them without paying cash. Instead they offered the promise of profits tomorrow, tempting the firms with share options. Now its seems the so-called dot coms are taking the law firms’ rising IT stars, not only to take them through to their IPO, but beyond. In short, they are […]

Ashursts US merger stalled by Lathams

Latham & Watkins and Ashurst Morris Crisp’s plans for a merger are being blocked by the US firm’s London office. It is understood that the office is resisting moves to join with Ashursts, arguing that the shift would remove any independence it has from its US parent. Last week The Lawyer exclusively revealed that the […]

Blurring the boundaries

Veronica Cowan talks to Sir Richard Scott QC about changes facing the Chancery Courts and the whole profession. As Vice-Chancellor of the Supreme Court, Sir Richard Scott QC has effective responsibility for the running of the Chancery Division of the High Court. Barbara Dohmann QC, chairman of the Commercial Bar Association, describes Scott as “the […]

Which way now for Ashursts?

A byword for conservatism and quality, Ashurst Morris Crisp now finds itself at a serious disadvantage in the head-long rush towards globalisation. Dominic Egan explores the options open to the firm. Ashurst Morris Crisp is a class act. For close to 180 years the partnership has maintained the strictest quality controls, frequently rejecting candidates that […]

Chadbourne & Parke sued by ex-partner

Stuart A Rosenthal claims he was wrongfully ousted by the firm in violation of the partnership agreement. Chadbourne & Parke however, claims he resigned voluntarily. Manhattan Supreme Court Justice Herman Cahn dismissed an action for legal malpractice brought by Rosenthal against the firm, but allowed trial to go ahead over the wrongful dismissal allegations. Rosenthal […]

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