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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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Lathams takes on two Dept of Interior officials

Latham & Watkins is hiring the two highest-ranking officials from the US Department of the Interior for its Washington DC office. Bruce Babbitt, former secretary of the Interior, and David Hayes, former deputy secretary, are joining to boost the natural resources and environmental practice. Hayes returns to the firm as a partner, having been one […]

MAIN UK FIRMS IN ASIA

Allen & OveryOffices: Beijing, Bangkok, Hong Kong, Singapore (joint venture with Shook Lin & Bok), Tokyo (in association with Akatsuki International Law Office) Total lawyers: 181, including 53 partners North Asia managing partner: Chris Roberts Ashurst Morris Crisp Offices: Singapore, Tokyo Total lawyers: 15, including four partners Asia managing partner: Alan Kitchin Barlow Lyde & […]

Linklaters wraps up Jolly deal as hotel sales revive

Linklaters & Alliance has finally completed one of the largest single asset transactions for first-time client Jolly Hotels. The deal involves the £57m acquisition of St Ermin’s Hotel in Westminster from US group Strategic Hotel Capital, and turns the tables on a year-long slowdown in investment in the London hotel market. After a period in […]

BBC picks BT director as its top legal adviser

The BBC is hiring the director of regulatory compliance from British Telecommunications (BT) as its new legal adviser. Anne Fletcher will join the BBC in March to fill the role of the company’s top lawyer, which has been vacant since May last year. Previous legal adviser Fred Croft left following an internal reorganisation at London’s […]

Corporate

Nestlé buys all outstanding shares in Ralston Purina Company for £4.27bn. Nestlé advised by Cravath Swaine & Moore (Alan Stephenson). Financial advisers Greenhill & Co and Credit Suisse First Boston. Ralston Purina represented by Wachtell Lipton Rosen & Katz (Steven Cohen) and Bryan Cave (Don Lents). Financial adviser Dresdner Kleinwort Wasserstein.

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