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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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Private firms may run courts

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Barristers urge Bar to ease rules on training

Cyril Dixon reports BARRISTERS working in local government are calling for the introduction of solicitor-pupil masters in order to combat the shortage of openings for pupils in the public sector. The Bar Association for Local Government and the Public Service claims pupils are being turned away because there are so few barristers practising in local […]

Mayers' London partner defects to Bakers

US FIRM Mayer, Brown & Platt partner Peter Gaines has quit his post in the firm’s London office to join the UK banking team of rival Chicago practice Baker & McKenzie. Gaines, who worked for Mayer Brown for 20 years – including a five-year stint in London – last week started leading Baker & MacKenzie’s […]

Freshfields appoints Markland as first Asia managing partner

LONDON-BASED Freshfields partner Ruth Markland is returning to Asia after six years in the UK to become the firm’s first-ever managing partner for the region. Markland moves out at the end of the month to assume control of Freshfields’ Asian network, which covers Tokyo, Hong Kong/China, Bangkok, Hanoi, Ho Chi Minh City and Singapore. From […]

In brief: Survey raps PI influence on Woolf report

Large corporations believe personal injury lawyers may have had too much influence on the Woolf report, a client survey is expected to show this week. The survey by Simmons & Simmons questioned 35 clients and contacts from the banking, insurance and corporate world. They are worried that Lord Woolf relied too heavily on PI submissions […]

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