Deals summary

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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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Fast track

Fast’s main business is the protection of software, but it could also be a good way for a law firm to find that perfect company to add to their client list. Naomi Rovnick reports Paul Brennan has one piece of advice for technology lawyers in need of updating their client list: join the Federation Against […]

Herbert Smith advises Kruidvat on selloff of Superdrug

Herbert Smith is acting for Dutch retail giant Kruidvat on the £800m sale of its retail and beauty business, including the 700-store Superdrug business, to Hutchison Whampoa. The deal has yet to complete.As part of its rollout, Hutchison, which is launching a 3G mobile phone service in October, is expected to distribute the new phones […]

KPMG capture adds to McDermott's Valley hike

McDermott Will & Emery has expanded its new Silicon Valley tax practice. Michael Gosk joins the partnership from KPMG, where he was an international corporate tax partner. The hire follows the arrival of an international tax team from Fenwick & West, which joined McDermott to launch its Silicon Valley tax practice in March 2002.

Ex-Berwin Leighton lawyer takes ISIS top spot

Former Berwin Leighton (now Berwin Leighton Paisner) planning lawyer Mark Ryder (left) has been appointed as chief executive of British Waterways’ new property public-private partnership with Amec and the Igloo Regeneration Fund. The new joint venture, named ISIS Waterside Regeneration, aims to unlock the potential of canal and riverside land across the UK. Ryder, formerly […]

DEAL OF THE WEEK – SONERA/YAHOO!

Davis Polk picks up Yahoo! instruction in Sonera deal Davis Polk & Wardwell has picked up its first instruction from US technology giant Yahoo! Inc, advising on the acquisition of a 15 per cent stake in Sonera zed, the wireless internet portal of Finnish telecommunications company Sonera Corporation.Sonera will transfer the 15 per cent stake […]

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