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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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Linklaters acts for BP in liquid gold takeover

Oil is indeed turning out to be liquid gold for Linklaters. The firm is acting for BP Amoco in its proposed u15bn-plus takeover of US oil group Atlantic Richfield (Arco). The deal, announced last week, will be the second huge transaction Linklaters has worked on for BP in under a year. The firm acted for […]

Survey reveals threat to mid-sized sets

Medium-sized barristers’ chambers are being squeezed out of the profession, according to the most comprehensive survey ever of the Bar. Chambers with between 11 and 30 members are the most vulnerable with more sets in this category losing members than gaining them. Over 50 per cent of barristers switching sets moved to larger sets with […]

New insurance for PI cases

Lawyers are welcoming a legal insurance firm’s new conditional fee policies which cover pre-proceedings disbursements in personal injury cases – even if a case is abandoned before it reaches court. A spokesman for Essex-based Amicus Legal says he believes that it is the only company offering policies on a case-by-case basis, which will cover the […]

Baker & McKenzie launches fourth German office

Baker & McKenzie is opening a new office in Dusseldorf – the firm’s fourth base in Germany. The Dusseldorf office, with two partners and three associates, will concentrate on mergers and acquisitions, capital markets, general business and commercial law. German partners Hans-Jorg Ziegenhain and Jurgen Mark will head the team. The move will strengthen the […]

Barristers' pay is more than enough

Your article “Barristers fight solicitors for share of a shrinking market” (The Lawyer, 21 June) suggests barristers can compete effectively on price by charging a “very low rate” of #50 per hour, and that their overheads are around 25 per cent of earnings. Let’s do some calculations on this. Suppose these barristers work for 30 […]

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