Work Life Quiz: Paul Herbert, Goodman Derrick

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Breaking up is still a matter for the courts

By Fiona Wilson It is not that often that the highest court in the land, the Supreme Court, deals with matters of private Family Law but in the past few months, it has heard not one but 3 such cases. Owens – examined the grounds for divorce and asked if it is possible to grant a […]

A cautionary tale for liquidators who don’t play by the rules

By Clive Ince In the early years of the new millennium the Luminar Group was a major player within the UK nightclub and leisure sector operating, at its peak, over 300 venues across the country. Between 2005 and 2007 a fundamental restructuring took place largely to address market challenges including the liberalisation of pub opening […]

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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Conyers advises on $350m privatisation of 3SBio Inc

Conyers Dill & Pearman has acted as Cayman counsel to the Buyer Group — 3SBio chairman and chief executive officer Jing Lou and CITIC Private Equity Funds Management – in the privatisation of 3SBio Inc by way of merger. 3SBio is a China-based biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products. Its shareholders […]

Draft Jordanian income tax law of 2013

A new draft of the proposed income tax law has been submitted for review to the Legislation and Opinion Bureau in Jordan. At a later stage this draft law will be submitted to the parliament for discussion and ratification. The draft law is intended to replace the Income Tax Law No. 28 of 2009. One […]

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Eversheds’ former China chief heads to Shanghai for GC role

Eversheds’ former head of China (EMEA) in London Sharon Shi has moved to Shanghai to take up a general counsel position. Shi joined Eversheds in London as an associate in 2006 alongside the firm’s first Asia opening in Shanghai that year and worked her way up to the firm’s partnership in 2011 (12 April 2011). […]

Edinburgh
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Morisons and HBJ Gateley lead advice on Hearts administration

Morisons Solicitors and HBJ Gateley have been appointed to advise on the administration of Edinburgh football club Heart of Midlothian FC. A notice was lodged to put the club into administration yesterday (19 June) after wrangling between Lithuanian parent company UBIG, which was pushing for BDO administrators to be appointed, and the club’s management, which preferred […]

Insolvent tenants and the effect of a surety

In RVB Investments Ltd v Bibby [2013] EWHC 65 (Ch), a landlord (RVB) issued proceedings against the surety (Bibby) of an insolvent tenant and was successful in its application for an order requiring Bibby to take a new lease of the premises and its claim for the business rates due in respect of the properties. […]

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