To be continued…

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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

Freshfields, Simmons beef up newly qualified pay

Freshfields Bruckhaus Deringer and Simmons & Simmons have become the latest firms to announce significant pay rises for their associates. Both firms have increased newly qualified salaries to £55,000 to match the amount paid by Linklaters, which raised its salaries with effect from 1 May. Freshfields has also increased the salaries of second-year associates by […]

Irwin Mitchell slams Govt over vCJD compensation scheme

The Irwin Mitchell partner advising 150 families affected by the human form of mad cow disease has hit out at the Department of Health’s (DoH) handling of the compensation scheme set up to support his clients. David Body told The Lawyer: “The trust deed has been drafted in a particularly elliptical and unhelpful way. I […]

Deals roundup

Norton Rose has advised German property fund Commerz Grundbesitz Investmentgesellschaft (CGI) on the off-market sale of Linklaters’ headquarters to Beacon Capital Partners. Norton Rose real estate partner Robin Mitchell led the work for the vendors, while Ashurst Hugh Lumby acted for the buyers. Norton Rose helps CGI with Linklaters HQ sale Norton Rose has advised […]

Linklaters outstrips A&O, Lovells in newly qualified salary stakes

Lovells has raised newly-qualifieds’ salaries by 6 per cent to overtake Allen & Overy (A&O), but it still trails Linklaters as this year’s first associate salary hikes are revealed. Lovells has increased its newly-qualifieds’ salaries from £50,000 to £53,000. The firm has also increased its performance-related bonus for all associates from a maximum of 20 […]

Shearman NQs cash in on £12,000 pay hike

Shearman & Sterling is hiking salaries for newly-qualified UK lawyers by a massive £12,000, it was announced today (28 April). The firm will pay newly-qualified assistants £72,000 with effect from 1 May, up from £60,000. Shearman will also raise salaries by a similar amount for all associates up to and including six years PQE. Trainee […]

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