Arnold & Porter funds reforestation to reduce carbon footprint

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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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Architecture tie-up hands work to trio

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Library bards

August beckons, and Tulkinghorn is considering his summer reading. As he wandered through the library at Tulkinghorn Towers, his eye chanced upon volumes by the following writers: •Kester Cunningham John: evangelistic author of the interwar years, who converted to an extreme form of Catholicism. bull;Herbert Smith: late Victorian realist, heavily influenced by Émile Zola and […]

BEA Emea general counsel jumps ship

Nasdaq-listed technology company BEA Systems’ legal function has plunged into further disorder with the departure of its Europe, Middle East and Africa (Emea) general counsel Nils Breidenstein. Breidenstein, who managed 10 in-house lawyers across Emea from the UK, is yet to be replaced permanently. His role is being filled temporarily by a US lawyer, according […]

Slaughters scores tax win against HMRC

Slaughter and May has advised on a landmark ruling that will see hundreds of companies receive millions in compensation from HM Revenue & Customs (HMRC). Following a 12-year battle, the House of Lords ruled that companies wrongly charged advance corporation tax (ACT) should be able to recover interest on the sums on a compound interest […]

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