AER now on CD-ROM

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Latest Briefings

Significant Beneficial Ownership: MCA Releases Amended Rules

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners), 2018 (Old SBO Rules). The New SBO Rules have once again kick-started the process of requiring significant beneficial owners to start the reporting procedures. […]

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

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Bullish market for commercial work

LAW firms are seeing a sharp increase in commercial work in contrast to legally aided or private client work. Nearly half the firms surveyed in accountants Grant Thornton’s 1995 Solicitors’ Inter Firm Comparison found that 1995 was more buoyant than previous years. Over a quarter of firms (28 per cent) saw a decline in legal […]

Finers signs £50,000 deal with Axxia

Central London firm Finers has placed a £50,000 order with Axxia Systems. The order calls for an integrated IT system, comprising networked PCs, a Unix server from Digital Equipment and software to connect the firm’s fee earners to central information resources. At the core is Axxia’s Arista practice management system which includes Fee Earner Desktop, […]

Time for consensus not confrontation

Tony Twemlow is a partner at Cuff Roberts and president of the Liverpool Law Society. Tony Twemlow thinks that divisive Law Society politics serve no one’s interests David Thomas (The Lawyer 23 October ‘Time is ripe for constructive debate’) asked Martin Mears to stop fighting the Law Society Council and start building bridges. I may […]

Financing

The Brough Skerret Law Partnership advised Abtrust Asian Smaller Companies Investment Trust on its flotation and the placing of £35 million worth of shares. Herbert Smith advised the sponsors Panmure Gordon and Co.

Stenography and the law

The British Institute of Verbatim Reporters (BIVR) would draw to the attention of London law firms that they are unwittingly breaching Section 25 (1) of the Immigration Act 1971 when they assist in making arrangements for searching or facilitating the entry into the UK of American stenographers to engage in court reporting or the taking […]

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