Deals summary

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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 promotion sees new Leeds head

Hammonds has appointed a new head for its Leeds office. Corporate finance partner Ian Greenfield will take over from former head Mike Henly, who has decided to concentrate on developing further the firm’s commercial and intellectual property practice. Greenfield was elected by the firm’s equity partners.

Lords overturns appeal ruling on wasted costs

A landmark House of Lords judgment that sheds new light on the law of privilege has overturned a wasted costs order against two senior barristers.It overrules a Court of Appeal decision to impose the order for around £30,000 against Bernard Weatherill QC of Enterprise Chambers and Josephine Hayes of Gough Square Chambers.The order was imposed […]

Brobeck UK associates vote for redundancies

Associate committee rejects partners’ proposal of salary cuts in favour of layoffs Brobeck Hale and Dorr has ditched proposals to cut associate salaries in favour of a voluntary redundancy programme that sees five associates departing the firm.US-qualified corporate lawyers Rohit Bhoothalingham and Steve Jackson, UK-qualified lawyers Fabion Mazzocchetti and Christian Kimberley and IT lawyer Belinda […]

Beachcrofts turnover feels NHSLA cutbacks

Beachcroft Wansbroughs has felt the force of losing work from the National Health Service Litigation Authority (NHSLA). Its 2001 turnover increased by just 1 per cent to £70.1m this year, as the national firm absorbed the impact of losing NHSLA work in London and Sheffield. The firm would not disclose its profit figure, but said […]

Dresdner Kleinwort Wasserstein in City law firm shake up

Dresdner Kleinwort Wasserstein is backtracking on its strategy towards external legal advisers as it sets up its first ever panel of law firms.It is understood that Allen & Overy, Ashurst Morris Crisp, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May have all pitched for a place on the panel.Despite current relationships, neither Norton […]

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