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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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Herbies poaches Norton Rose finance star

Herbert Smith’s burgeoning finance practice has raided Norton Rose for a new partner. Andrew Newbery, an energy finance partner, quit earlier today (7 December) to join Herbert Smith. His departure date is still subject to negotiation. Newbery is the third partner to be hired by Herbert Smith in just two weeks. As first revealed in […]

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 […]

Cravath sets static bonus trend

Cravath, Swaine & Moore has set the tone for year-end bonuses in the US,awarding associates unchanged figures between $30,000 and $60,000. Senior associates at the Wall Street heavyweight will take home $60,000 whenthe bonuses are paid on 16 December, equal to last year’s maximum associate bonus. First-year associates will meanwhile receive $30,000. This is in […]

Apil set for fight on Compensation Bill

An unlikely alliance between lawyers and politicians is setting out to challenge the Government’s draft Compensation Bill ahead of its passage through Parliament. The Association of Personal Injury Lawyers (Apil) is supporting a report produced by the All Party Parliamentary Group on Insurance & Financial Services, which proposes axing the bill’s clause defining negligence. Apil […]

Perrin quits Osborne Clarke

Osborne Clarke senior partner Leslie Perrin has announced he is retiring from the partnership after 16 years with the firm. Perrin, who spent nine years as managing partner, has played a key role in growth of the Bristol-based firm. Perrin said he was leaving Osborne Clarke to pursue a fresh career outside the firm. “I […]

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