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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

Law Soc plans to cut OSS funds

The Law Society has announced plans to slash by a third the £9m budget of the beleaguered OSS in 2001. As it announced the plans it also pledged to tackle guilty firms and improve the procedure for complaints resolution. A managing partner of a top five firm says: “There’s a general acknowledgement that the OSS […]

Bond Pearce pre-litigation unit targets insurers

SOUTH OF England firm Bond Pearce has set up a dedicated pre-litigation unit for its top-end insurance clients. The unit will be headed by partners Bettina Rigg and Neil Trayhurn. Trayhurn says: “We bel-ieve that our pre-litigation unit is the first of its kind in the UK.” Senior claims specialist Daren Pemberton says: “We foresaw […]

Call for pay-per-view ombudsman

An ombudsman should regulate pay-per-view television, says the solicitor planning legal action in the wake of the heavyweight boxing title fight fiasco. Stephen Alexander, a partner at six-month-old London firm Class Law, is representing television viewers and ringside fans infuriated by the drawn fight between Lennox Lewis and Evander Holyfield. Commentators have accused promoters of […]

Scottish Legal Aid Board suspends senior

A SENIOR member of the Scottish Legal Aid Board (SLAB) has been suspended. The person, who has not been identified, was suspended on full pay pending the outcome of an investigation into the SLAB’s accounts assessment procedures. SLAB chairman Jean Couper says: “This issue is of utmost concern to the board and we have immediately […]

Clifford Chance poaches Italian rival's top partner

Clifford Chance is setting up a dedicated team to advise Italian banking and financial institutions after signing a partner from top Italian firm Chiomenti Studio Legale. Alberto Del Din, senior partner in the securitisat ion and structured finance department at the Italian firm, is expected to start on 1 May. Nick Wrigley, managing partner at […]

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