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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 […]

Recommended

CLA welcomes employee code

THE NEW chair of the Commission for Local Administration has welcomed the publication of a code of conduct for council employees, saying the reputation of local government is one of its “most precious assets”. Edward Osmotherly, who succeeded Sir David Yardley in October, says local government “cannot flourish unless everyone believes it is straight” and […]

Litigation Writs 28/02/95

A boy whose mother died after falling from a hospital window is suing the London health authority controlling the hospital. Joolyon Gibbs, who sues through his grandmother Cherry Cummings, has issued a writ claiming damages from Rohn and Haas, of Masons Avenue, Croydon, and Camberwell Health Authority, of King’s College Hospital, Denmark Hill, London SE3. […]

Corporate

The BOC Group, advised by its in-house legal department, has bought shares for an undisclosed sum in the Heathrow-based London Cargo Group, the Manchester Airport-based ManCargo, and Birmingham International Airport-based Elmdon Cargo Handling, the vendor shareholders being advised by Mundays.

Council secures private loan

HERTFORDSHIRE County Council has overcome “immensely complicated” legal pitfalls and helped to secure a u30 million loan for a housing association. Lawyers working on the deal have come up with a scheme which satisfies all sides, despite the recent Allerdale v Credit Suisse case which led to uncertainty over the legality of guarantees. Banks were […]

'I want 1995 to bring full employment'

I would wish 1995 to be the year of full employment for all ILEX members employment prospects, particularly for trainees, have improved but are not yet back to the ‘good old days’. The go-ahead for increased rights of audience for suitably qualified fellows is high on my list of priorities. I would like to point […]

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