Case Highlights

SEADRILL GHANA OPERATIONS LIMITED v. TULLOW GHANA LIMITED
ENGLAND AND WALES HIGH COURT

Drilling for oil is a risky business. Oil companies seek to protect themselves against the financial consequences of risk by appropriate clauses in their contracts, for example, by a force majeure clause. This case concerns a contract for the hire of an ex pensive oil rig which contained such a clause. During the course of a territorial sea dispute between neighbouring states the arbitration tribunal determining that dispute required drilling to cease in the disputed sea where drilling was to take place....

Article Highlights

This is not 'fake' news

New York attorney general sends clear message in settling with sellers of 'fake' online followers and 'likes' in first US settlement of its kind.
New York’s attorney general Letitia James has stated she has resolved a probe into a group of Colorado companies which sold fake followers, ‘likes’ and views on social media platforms. It is the first US settlement to judge such sales as illegal deception. Devumi LLC and other companies owned by German Calas generated some $15 million of revenue between 2015 and 2017 through selling around 250,000 fake endorsements and engagement for platforms including LinkedIn, Pinterest, SoundCloud, Twitter, Vimeo and YouTube.

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Islamic banking software a rapidly growing market

Islamic finance
Market for Islamic banking software will grow further beyond 2021
The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups – is a rapidly growing segment seen increasing by around 13% annually from now until 2021 to around $700mn, according to latest industry reports. This is pretty much in line with expected growth in the Islamic finance industry. Islamic banking software refers to banking software that functions according to Shariah norms for managing and monitoring banking operations and therefore has to have distinctive features that conventional banking software does not provide.

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