Weil Gotshal limbers up for all-out assault on City firms

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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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In brief: LAPG takes on executive administrator

The Legal Aid Practitioners Group has appointed Anthea Batty as its new executive administrator. Batty, who has extensive experience of executive administration in the public and professional sectors, will be leaving the Society of Local Authority Chief Executives where she was executive officer. Batty will replace Hazel Davies who is leaving the LAPG after 11 […]

Driving lessons in the fast lane

On the face of it, the recent Chancery Division ruling that city-based firm Hextall Erskine is liable to pay £3.6 million in respect of negligent advice given to Silverstone Circuits Ltd (SCL) is a cautionary tale. The obvious moral: don’t give wrong advice. But there is another lesson to be learned, according to the litigation […]

No Moore appeals, say Lords

An action reported in the ‘Forthcoming Case’ section of The Lawyer on 30 January has now settled. Last ditch moves in the long-running battle over ownership of millions of pounds worth of work by sculptor Henry Moore have ended in defeat for the artist’s daughter. The Law Lords have ruled that his daughter, Mary, who […]

Reformers on the war path

Ms Forscey-Moore is to be commended for her proposals and recommendations in “War of Judicial Independence” in The Lawyer (4 June). And although it’s true that “the public knows there is one law for them and another for the establishment”, any political party that includes wholesale legal reform in its election manifesto – which is […]

Streeter takes responsibility for troubled family Bill

Former commercial solicitor Gary Streeter MP is to take charge of the controversial Family Law Bill in its final stages. Streeter inherits the job from Jonathan Evans MP after being whip on the Family Law Bill during its committee stage. Streeter, who lists “the family” as one of his interests in a parliamentary guide, was […]

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