EDF chooses Lovells to advise on credit facility

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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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Ashurst sees rare Apax success fees after HIT Entertainment bid

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Shearman boosts UK-qualifieds’ pay packets

Shearman & Sterling will splash out an estimated £500,000 this year on generous pay hikes for its UK-qualified lawyers in a bid to make itself more attractive to potential recruits. The new packages, unveiled in London last week, will benefit all of Shearman’s 80 UK-qualified associates, both in London and across the firm’s international network. Newly qualified lawyers will be […]

DCA launches unified courts agency

The Department for Constituttional Affairs today launches a single unified agency, Her Majesty’s Courts Service (HMCS), to run the UK’s court system. The agency brings together all of England and Wales’ 650 Crown, county and magistrates’ courts for administrative purposes. Previously magistrates’ courts were managed by 42 local committees, whereas the Court Service administered the […]

Upsetting the constitution

Last week the Department for Constitutional Affairs (DCA) organised a conference to discuss the important issue of the future of legal services post-Clementi. An assorted bunch of solicitors, barristers, consumer group representatives and civil servants gathered at the ExCel Exhibition Centre in London’s Docklands to listen to Lord Falconer’s keynote speech and then discuss it. […]

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