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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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US firms divided on partner promotions in face of worsening economic conditions

US firms have cut annual partner promotions amid mounting concerns about the economic downturn. Mayer Brown, Milbank Tweed Hadley & McCloy, Simpson Thacher & Bartlett and Weil Gotshal & Manges have all added fewer people to their partnerships than in 2007 after the legal market experienced widespread ­layoffs and a significant drop in ­workflow during […]

A&O, McDermotts under orders to gauge BlackBerry IP case costs

A High Court judge has ordered Allen & Overy (A&O) and McDermott Will & Emery to estimate their costs before an intellectual property (IP) trial, showing judicial unease over the cost of UK litigation. The firms will have to disclose how much they intend to bill clients BlackBerry manufacturer Research in Motion (RIM) and tech […]

Ashurst replaces Green on management board

Ashurst replaces Green on management board” />Ashurst has elected a new member to its management board to replace former senior partner Geoffrey Green, who will launch the firm’s Hong Kong office in February (The Lawyer, 4 August 2008). London corporate and investment funds partner David Evans (pictured) has been appointed to the board for the […]

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Can LPC providers justify such high fees?

It’s that time of year again, final year law students hurriedly sending their forms to the Central Applications Board to guarantee a place on the Legal Practice Course (LPC)…Course providers fighting for your attention (and your cash) with flashy advertising and shiny brochures…. How will you choose your provider? Location? Reputation? Solicitors Regulation Authority (SRA) […]

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Indian liberalisation comes closer with LLP Act

Indian and UK lawyers have cautiously welcomed the first legislative step towards liberalisation of the Indian legal profession. The Limited Liability Partnership (LLP) Act 2008 was passed by Indian Parliament at the end of 2008. While the Bar Council of India would need input on the specifics of law firm LLPs, the framework is now […]

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