AIG general counsel joins Lloyd’s in NY

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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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A&O dresses down five days a week

Allen & Overy is breaking with magic circle formality by offering staff the chance to dress down five days a week. The move affects only Allen & Overy’s London office, but head of corporate Richard Cranfield believes that it will spread to the firm’s international offices. Brief guidelines on the “smart casual policy” have been […]

Top partner quits Burges Salmon unit

Veale Wasbrough has lured a top property investment lawyer from Burges Salmon. Stuart King, formerly head of Burges Salmon’s property finance unit, will join the property services team, which the firm says has handled transactions worth more than £1bn over the past 12 months. He says his move is in part due to the different […]

Scuffle of the week

The Government v The Guardian and The Observer. The newspapers’ lawyers accused the Government of using oppressive tactics to prevent them reporting allegations of abuse of power by MI6. The papers are challenging a March ruling by Judge Martin Stephens which ordered them to give police any emails or notes they may have relating to […]

Case of the week

Pamela White, who worked as an equal partner for 33 years helping her husband to build up his farming business, is claiming a half-share in the £4.5m venture. The House of Lords heard the case last week, which is considered the most important divorce cases for years. White was originally awarded a lump sum of […]

Personnel services

As more and more lawyers move firms, personnel departments are employing the services of independent careers consultants in a last-ditch attempt to retain staff. Alison Clarke reports There was a time when it was virtually unknown for lawyers to leave the firm where they trained and even more unusual for them to leave the profession […]

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