Eversheds Bristol closure gifts Osborne Clarke with partner…

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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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Outside influence

As a relatively small country, and one which is heavily dependent on inward investment, Ireland has always been affected by outside economic influences, and the IT sector is already feeling the effects of the downturn in the US economy. For instance, Ebeon, a technology firm based in Dublin, was recently forced to cease trading, making […]

Wessing seeks consultancy remedy as merger splits firm

German firm Wessing is bringing in a UK consultancy to rescue it from crisis as partner dissent threatens to split the firm. Disagreement over whether to merge with a UK firm has caused division within the firm and forced a group of partners from the Munich and Hamburg offices into secret negotiations with Bird & […]

Heleniak awaits Shearmans vote

New York firm Shearman & Sterling will vote this week to appoint M&A lawyer David Heleniak as its new senior partner. Present incumbent Stephen Volk has been in the role for 10 years, and under the firm’s partnership deed is allowed to serve only two five-year terms. Heleniak, whose clients include Goldman Sachs, Merrill Lynch, […]

Hall takes over at Gordons Cranswick

Leeds-based Gordons Cranswick has shaken up its management structure by appointing a new senior partner. The role, which up to now has been split between two people, will be taken on by litigation partner John Hall. Former incumbents Richard Wilson and David Coates are quitting the partnership to take up consultancy roles with the firm. […]

Opinion

Are too many individuals being channelled into bankruptcy, when there are alternative routes to recovery? With bankruptcy becoming more acceptable in our economy there is now less stigma attached to it. As a consequence, there is a potential danger that the advice given to individuals in serious financial difficulties may be to declare themselves bankrupt […]

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