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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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'Chinese walls' ruling could help MDPs

A High Court ruling that “Chinese walls” are not enough to protect client confidentiality could “assist” the move towards multidisciplinary partnerships (MDPs) between law firms and accountants, according to the Law Society. Mr Justice Pumfrey made the ruling last week while granting Prince Jefri Bolkiah of Brunei an injunction stopping his former accountants KPMG from […]

Bar faces compulsory subscriptions

Barristers who refuse to pay fees to the Bar Council will be stopped from practising under radical steps unveiled last week as part of the Bar’s response to government plans to extend rights of audience. The Bar Council is urging the Government to include legislation in the proposed Modernisation of Justice Bill to allow it […]

In brief: Dibbs designs SOAP case management system

City firm Dibb Lupton Alsop has developed a case management system designed to make the costs and intricacies of litigation obvious to the client. It is called the SOAP system, which stands for Style of Approach Initiative.

The Lawyer Inquiry: James Whiter

James Whiter was born in Stoke on Trent in 1963. He is an associate at Linnells in Oxford. What was your first job? The Official Secrets Act prevents me from discussing it. What was your first ever salary as a lawyer? £9,000 per annum as a trainee. What would you have done if you hadn’t […]

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