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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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ABA meets its Waterloo

The much revered American Bar Association is facing a crisis of confidence as it drags its feet over the issue of multidisciplinary practices. Ryan Dunleavy assesses its chances for survival. The American Bar Association (ABA) is talked of with a reverence unheard of in lawyers’ conversations about the Law Society. It commands column inches in […]

It’s been a bad week for…

Kamlesh Bahl (when is it ever a good week for her?). The fallout from the Demon verdict reached Bahl’s website when her service provider shut down her site after a complaint that it contained defamatory comments. The site contained legal opinions from Cherie Booth who concluded that the Law Society’s investigations were open to legal […]

A View from South Africa

The South African legal market is unique in many ways. To start with, in Johannesburg we have so far seen the arrival of only one international law firm, and though others are looking around they have so far made very little impact. Also, last year we saw a world first when an investment bank bought […]

Woolf reforms fail to deliver on costs claims new survey

The Woolf reforms have failed to deliver the cuts in litigation and costs that they were designed to achieve, says a new report. Four out of five FTSE 1000 companies surveyed believe that levels of litigation have not been reduced by the reforms, while three in five say that they have not saved money when […]

Weil Gotshal poaches trio to open Frankfurt office

US firm Weil Gotshal & Manges is opening an office in Frankfurt to broaden its global capital markets capacity. Weil Gotshal & Manges plans to open the German office later this summer with three lawyers who have been headhunted. Two partners are understood to have resigned from their current positions, and the third is thought […]

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