In brief: The search for the ideal partner

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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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In brief: County court users conference

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SBA makes record level of awards

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A&O partner attacks discovery process

THE DISCOVERY process does little to affect the outcome of litigation in the vast majority of cases, according to a survey by Allen & Overy. A&O partner David Mackie highlighted the findings at Lord Woolf’s final seminar on Access to Justice. Mackie told City lawyers and judges that the existing system was “unsatisfactory” before pointing […]

In brief: Bolton merger forms Fieldings Porter

Bolton firms Fieldings and Porter Hope & Knipe will merge on 1 May. The new firm will practice under the name of Fieldings Porter. The practice will operate from Fieldings’ existing offices in Silverwell House, as well as premises in Blackburn, Westhoughton and Astley Bridge. Fieldings Porter will consist of 12 partners and 20 fee […]

Bank of Scotland trims legal panel

The Royal Bank of Scotland, banker to scores of law firms, has slimmed down one of its specialist legal panels. Routine personal debt recovery work is now being carried out by a handful of practices linked to a computer network. The panel has shrunk from about 35 to just nine firms to take advantage of […]

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