US firms struggle to hire local talent as partners resist the lure of profits

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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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Property

Simmons & Simmons acted for Despa, the German open ended fund, in the £63m sale of its property at 49 Leadenhall Street to the City of London Real Property Company. The building was previously the headquarters of the Institute of London Underwriters. The team was run by property partner Alan Butler while Nabarro Nathanson advised […]

It’s been a bad week for

Judges who want to surf. New rules issued by the Lord Chancellor, Lord Irvine ban judges from using the internet for online shopping or general surfing. One thousand laptops will be issued to judges to provide regular updates on cases. Tony Blair. The world’s leading internet watchdog warned the Prime Minister last week that his […]

Book Review

The Soul at Work by Roger Lewin and Birute Regine, published by Orion ISBN0752811851 People are notoriously difficult things. They are unpredictable, difficult to manage and the most complex bit of any business. Even with quantum leaps in artificial intelligence and expert systems, law firms still need them. Clients expect them and the best ones […]

Case of the week

Pamela White, who worked as an equal partner for 33 years helping her husband to build up his farming business, is claiming a half-share in the £4.5m venture. The House of Lords heard the case last week, which is considered the most important divorce cases for years. White was originally awarded a lump sum of […]

It’s been a good week for

Liz Abbott, a blind teacher who received £60,000 in damages after an employment tribunal ruled that her school broke the law by failing to provide a classroom assistant to help her. The tribunal hearing in Stratford, east London, found that St Mary’s Roman Catholic primary school in Chingford had breached the Disability Discrimination Act and […]

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