Young the obvious choice for Lovells chief

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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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Dickinson Dees shores up insolvency

Dickinson Dees has plundered North East rival Watson Burton to replenish its insolvency team following the retirement of long-serving insolvency partner and head of banking Gordon Sanderson. Watson Burton will lose its only insolvency partner, the highly rated Julian Gill, to Dickinsons by next May at the latest. Watson Burton Newcastle managing partner Gillian Hall […]

Olswang to make 10 redundant in real estate

Olswang is set to make 10 people redundant from its real estate department. Olswang announced today that it is restructuring its property practice, a move which has resulted in consultations that are expected to lead to five associates and five secretaries losing their jobs. A firm released a statement, which said: “Olswang is restructuring its […]

Birmingham quartet sets up first pro bono clinic

Four of Birmingham’s top commercial law firms have joined forces to launch the city’s first pro bono clinic. The collaboration between DLA Piper, Eversheds, Hammonds and Wragge & Co, which was two years in the making, was announced last Thursday (15 November) to coincide with Pro Bono Week. Free legal services will be available to […]

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A&O and Freshfields boost US associate bonuses

Allen & Overy and Freshfields Bruckhaus Deringer yesterday announced their new bonuses for US associates. Both firms matched market rates, announcing end-of-year and special bonuses starting at $35,000 for class of 2007 associates and rising to a total of $115,000 for class of 2001 or older associates. The latter figure includes a $50,000 special bonus. […]

Strategic Risk

As the old adage goes, “failing to prepare is preparing to fail”. This saying has never been more apparent than in the legal market today, as the UK faces a major overhaul of regulation brought about by the Solicitors’ Code of Conduct and – even more critically – the Legal Services Act. Lawyers need to […]

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