Down under and out

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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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Legal Task Force aims to protect employees with indemnity clause

A TASK Force of young solicitors and freelance practitioners has launched a model clause in a bid to stop partners suing their staff for negligence. The clause includes an indemnity by the employer against all liabilities and claims which might be made against a member of staff and pledges the firm will not attempt to […]

Property

DJ Freeman acted for Coin Street Community Builders in a property deal granting Harvey Nichols Restaurants a 25-year lease on the eighth floor of the London landmark OXO Tower Wharf. Harvey Nichols Restaurants was represented by Holman Fenwick & Willan.

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Education negligence cases predicted to soar

EDUCATION negligence cases may become as prolific as medical negligence claims, according to Teacher Stern Selby partner Jack Rabinowicz. Rabinowicz, an education law specialist at the London firm, has 50 education cases on his books, most of which followed a ruling made by the House of Lords which opened Local Educational Authorities (LEAs) to the […]

Reasons to be careful

A damages bill of £65 million and a final High Court judgment debt of £105 million; it happened to Binder Hamlyn and, warns Mark Chapman, it could happen to you On 6 December last year, the High Court awarded damages of £65 million to security systems company ADT as a result of its claim against […]

Bar may extend contact with witnesses

BARRISTERS will have the chance to do more pre-trial preparation work if new rules allowing greater contact with witnesses in the civil field are approved. The Bar Council is to consider the proposed rule change, which will allow counsel to draw up proofs of evidence with witnesses, at its meeting on Saturday. The proposals are […]

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