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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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Iceland: A bleak jobscape

The banking crash is still firms’ major source of activity but an oversupply of lawyers means graduates face an even tougher time as that work dries up The crash of the Icelandic banks in 2008 has hung over the country’s economy ever since, deterring foreign investment and clogging up the court system with litigation. Many […]

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Twitter GC says we should all goof around more as he steps down

Twitter general counsel Alexander Macgillivray has surprised the social media sphere by stepping down from his role, passing the torch to legal director Vijaya Gadde. Macgillivray, known for his championing of free speech online, announced his departure on Friday (30 August) via Twitter, posting a link to his blog where he said he was looking […]

Maria Papaconstantinou of Pamboridis is first in class in Cyprus Bar exams

Maria Papaconstantinou completed her legal training and was first in her class of trainees at the Cyprus Bar Association examinations. Papaconstantinou, who joined Pamboridis in October 2012 and currently works in the Nicosia office, studied Law at the University of Southampton. She continued with a master’s degree in maritime law at the same university.

Jeff Winn
4

Winn Group sells 60 per cent stake to outside investors to drive growth

Personal injury (PI) firm Winn has attracted investment from two high-profile investment companies, with JZ International (JZI) and Souter Investments taking a 60 per cent stake in the outfit. It is the latest insurance claims firm to take outside investment following the likes of Parabis, which took investment from private equity house Duke Street (19 […]

Allen & Overy advises IC Hotels UK Pension Trust Ltd on bulk annuity policy purchase

Allen & Overy has advised the trustees of Intercontinental Hotels Group’s pension scheme on its purchase of a £440m bulk annuity policy with Rothesay Life. The bulk annuity policy insures the defined-benefit benefits of the pension scheme. Däna Burstow, pensions partner at Allen & Overy, worked on the deal with support from senior associate Jane […]

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