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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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Lloyd's buoyed up by profits

Storm clouds are finally lifting from Lloyd’s of London after the embattled insurer reported record profits and successfully pushed through its rescue plan at meetings held last week. Litigation by Names, many of whom faced financial ruin after the market’s massive losses in the late 1980s, has subsided in the past year. This has helped […]

Hong Kong exodus

Patrick Sherrington has become the latest top lawyer to leave Hong Kong for the UK after eight years in the colony. Sherrington, a commercial litigation partner at Lovell White Durrant and a former vice president of the Hong Kong Law Society, has taken a three-month sabbatical before he starts at Lovells’ city office.

Judicial review. Intervention in the public interest

In cases of constitutional importance in the US and Canada, it is common to find a diverse range of interest groups filing briefs as amici curiae (friends of the court). An amicus curiae may not only present legal argument to assist the court, but also social and economic data (a ‘Brandeis brief’). In the key […]

The Lawyer Inquiry: Karim Kassam

Karim Kassam was born in Northumberland on 7 April 1961. He now lives in London and is a partner at Kenneth Elliot & Rowe. What was your first job? Answering telephones in the refuse department of the Royal Borough of Kensington and Chelsea (during the bin men’s strike). What was your first ever salary as […]

PFI project dates back to 2000 BC

Herbert Smith has landed the unusual brief of advising English Heritage as it co-ordinates a Private Finance Initiative project at Stonehenge. Adrian Clough, partner responsible for the project, said: “It is not often you are given the opportunity to be involved with a stone circle set up around 2000 BC, which predates ancient cities in […]

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