The Mackay years

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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

In brief: Law Society aims to restrict conveyancing

Conveyancing solicitors should be restricted in acting for both building societies and borrowers, the Law Society will be proposing later this month. The Law Society Council last week resolved to consult the profession on amending its regulations so that joint representation of borrower and lender will only be permitted where the instructions for the lender […]

Nicholson Graham & Jones pulls cider marketing man

City firm Nicholson Graham & Jones has recruited Andy Nash, the man credited with building Taunton Cider’s brands, such as Dry Blackthorn, as non-executive director to advise it on marketing strategy. Nash was commercial director at Taunton Cider and part of the successful launch of its premium brands in the early 1990s. When Matthew Clark […]

Litigators to form pensions lobby group

Pensions litigators are set to create a forum to lobby for specialist pensions judges and on issues such as the jurisdiction of the pensions ombudsman. The growth of high-profile pensions litigation cases, such as that of National Power and National Gridon, on which the High Court was due to rule this week, sparked pensions partners […]

Conflicting allegiances

The results of the IFF Research Poll support what the British Legal Association has been saying for nearly 33 years: one organisation cannot adequately both rule and represent its members. This is particularly the case where an unpaid collection of worthies wrestle with the problems arising out of administering the lives of more than 80,000 […]

In brief: Law Society calls for LAB boycott to stay

Solicitors should continue boycotting the Legal Aid Board’s green form block contract pilot project, even though the board has made compromises, the Law Society Council resolved last week. Derek Sands, chair of the courts and legal services committee, told the society’s council last Thursday that, in meetings the society conducted with law firms in three […]

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