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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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Chadbourne & Parke hires former RBS legal director

The London office of New York firm Chadbourne & Parke is taking on a former legal director of the Royal Bank of Scotland as a consultant. Robin Lahiri left his role as legal director of treasury and capital markets at the bank in April following its merger with NatWest. He was responsible for the control […]

Arnold & Porter boosts IT team with niche firm

Washington DC firm Arnold & Porter is bulking up its Los Angeles-based intellectual property and technology practice by adding another team of lawyers. At the beginning of this month the firm gained 12 lawyers when it acquired niche law firm Blanc Williams Johnston & Kronstadt (The Lawyer, 3 July). It is now taking on another […]

The policy for bar mergers

I refer to the 17 July article on page three about the Bar Council’s “Barmark” mergers policy. I am writing to clarify our policy: 1. If chambers are proposing to merge, this should be made clear in their business plan and to BSI on the validation visit. Provisions should be made as to how the […]

Eleven set to quit One Essex Court

Eleven civil practitioners are leaving the common law chambers of Sir Ivan Lawrence QC at One Essex Court to join the chambers of Richard King at 5 Paper Buildings, creating a 33-strong set . Discussions about the future of One Essex Court are currently taking place but no one was available for comment. Head of […]

Davis Polk man quits for Morgan Stanley

Davis Polk & Wardwell is losing one of its London partners to investment banking client Morgan Stanley Dean Witter. Thomas Reid is to become managing director in the corporate finance services department of Davis Polk’s investment banking division in Europe, focusing on IPOs and other capital markets products. While at Davis Polk in London Reid […]

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