Herbies launches in Spain with three-partner Linklaters raid

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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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Hammonds loses another pensions partner to Eversheds

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It has been a diplomatic incident waiting to happen for decades. Germany’s efforts to claw back tax from citizens who hold bank accounts in Luxembourg has been an ongoing bone of contention, but recessions have a habit of strengthening people’s resolve, and political pressure from the G20 countries appears to have driven the first wedge […]

A&O redundancy programme ends with 400 layoffs

Allen & Overy has completed a redundancy programme which has seen at least 400 partners and staff lose their jobs globally and cost the firm £44m. The consultation process, which was launched in February with the firm citing global market conditions as the cause, was designed to cut nine per cent of partners, fee-earners and […]

Cains wins prestigious Queen’s Award

Offshore firm Cains has been presented with a Queen’s Award Offshore firm Cains has been presented with a Queen’s Award. Cains managing director Andrew Corlett said: “The Queen’s Award recognises the contribution we’ve made in recent years both to international trade and, indirectly, to the Isle of Man’s development as an international finance centre.” The […]

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BlackBerry injunction forces Chinese wall on DLA

DLA Piper has installed Chinese walls in its litigation group after BlackBerry maker Research in Motion (Rim) instructed Allen & Overy (A&O) to seek an injunction against the firm. DLA Piper has installed Chinese walls in its litigation group after BlackBerry maker Research in Motion (Rim) instructed Allen & Overy (A&O) to seek an injunction […]

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