UK solicitor loses Irish libel action

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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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City players get chance to form own chambers

CITY solicitors are being offered the chance to work alongside other specialist sole practitioners in a customised solicitor’s chambers venture launched last week. The City Solicitors’ Chambers, in Mansell Street, is based on a similar venture also established by solicitor Anton Alexander five years ago in north west London. But the new operation, based on […]

Gladiator battle

Olivia King, wife of Gladiator star Shadow, is heading for a legal battle with the media. She is taking action over a story about her relationship with Shadow which appeared in the Sunday Mirror on 5 February under the heading: ‘Shadow beat me senseless – TV Gladiator star is drug crazed monster, says wife’. She […]

In brief: Jones sets CCT date forward six months

Compulsory competitive tendering will be brought forward by six months in authorities not undergoing reorganisation, putting legal services on the market by 1 October 1997. Environment Minister Robert Jones says his department sent a consultation paper to English local authorities which proposed bringing forward the implementation of CCT by up to one year from the […]

Computer copyright proposals 'unfair'

COMPUTER lawyers have given a cool response to plans for new copyright laws to be put before the Department of Trade and Industry this week. The proposals aimed at controlling the use of protected material on the Internet have been criticised as “unfair” and “unworkable”. Plans for a “transmission right” to ensure copyright owners receive […]

Good to talk on judge's summons phone line

OFFICIAL Referee Judge Bowsher QC is running a pilot scheme to hear summonses by telephone. The scheme, which was suggested by Lord Woolf, is only available to solicitors whose case is in the list of the Official Referee. To comply, all the parties have to agree to be heard over the telephone and at least […]

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