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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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Network Rail gears up for autumn panel review

Network Rail, the private company that replaced the old Railtrack, is setting up a brand new legal panel in the autumn. Network Rail is still instructing the law firms that were put in place under Railtrack, but all these firms will be forced to competitively retender for their work. Railtrack used Simmons & Simmons as […]

Credit worthies

MBNA Europe is a major player in the credit card market. Husnara Begum meets the woman who has to deal with everything from service agreements to securitisations MBNA Bank Europe Limited (MBNA Europe) is not the biggest brand in the credit card market, but its parent company, MBNA Corporation, is the largest independent credit card […]

Burnetts wins work from housing association

Burnetts has been appointed by Wyre Housing Association as its new legal adviser on the right to buy and the sale of former local authority housing stock. The appointment, made after a competitve tender, adds to the firm’s existing portfolio of northwest-based housing associations.

A&O's Harrison takes on Asian top job

Allen & Overy (A&O) has appointed banking partner Brian Harrison as the regional managing partner for its Asian practice with effect from today (2 June). Harrison, who replaces Chris Roberts, will be based in Hong Kong and will also head that office. Harrison has been a partner at A&O since 1997 and launched the firm’s […]

Blake Dawson hires Brits for Japanese practice

Australian firm Blake Dawson Waldron has significantly boosted its Japan practice by making two UK hires. The firm, which operates a Japanese practice out of Australia, has bolstered the group with the appointment of former Lovells corporate partner Rupert Lewi and Allen & Overy senior finance associate Jim Hunwick.

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