Extended liabilities

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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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Financings

The Emerging Markets Country Investment Trust was advised by Herbert Smith in a u20m share placing.

In brief: New PSA chair to fight for patent reform

Fighting London’s corner as a centre of intellectual property law excellence is the priority of the newly-elected chair of the Patent Solicitors’ Association. Taylor Joynson Garrett partner Richard Price will be working for reform of procedure in the Patents Court to help it compete with increasing competition from specialist courts in Germany, the Netherlands and […]

Belfast students in discrimination case

THIRTY-FIVE final year students from Queen’s University in Belfast have started an action in the Irish High Court in Dublin against the Incorporated Law Society, the Irish State and the attorney general. They allege discrimination. The students claim they cannot become solicitors in the Irish Republic unless they sit an examination which law students with […]

Pensioners fight against care withdrawal

Roger Pearson looks ahead The High Court is set for a major test case early next year which will have wide-ranging implications for hard up local authorities. Two Gloucester pensioners are fighting to show that county councils are not entitled to cut off home care services purely because the councils are short of money. They […]

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