Freshfields and OC scoop key roles on Friends Reunited deal

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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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DWS loses group head to Simmons

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Deals round-up

Freshfields Bruckhaus Deringer, led by corporate partner Gareth Stephenson, has advised Westbury on its takeover by Persimmon for £650m. The acquisition will strengthen Persimmon’s position as one of the UK’s leading housebuilders. Persimmon was advised by Mayer Brown Rowe & Maw.

DWS ponders LLP as BLP takes the plunge

Berwin Leighton Paisner has agreed to convert to limited-liability partnership (LLP) status following a partnership vote on 31 October. The firm’s conversion to LLP status was effective from 1 December. Meanwhile, Denton Wilde Sapte (DWS) has appointed PricewaterhouseCoopers (PwC) as its adviser as it too considers converting to LLP status, deferring its vote by almost […]

New Virgin Group GC to review panel

Virgin Group is in the throes of a full-scale review of its external legal advisers. The group has invited all of its existing panel firms to participate in the review. Virgin has also invited one City firm and three smaller firms with which it currently does not have relationships to pitch for panel places. The […]

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