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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 […]

Scotland’s first LLP firm gets approval

Scotland has gained its first-ever limited liability partnership firm – ahead of the LLP Bill being passed by Parliament. New firm Semple Kennedy was approved on 30 June with Walter Semple and former Faulds Gibson & Kennedy managing partner Ewan Kennedy. Semple was formerly a partner at Bird Semple, which has merged with DLA. Semple […]

CC sets up European conflict check team

Clifford Chance has taken responsibility for conflict checks away from partners and has set up an internal compliance function – the first of its kind in Europe. The firm brought in the new conflicts function to the Frankfurt office last week. Impetus for the move came after the merger with Rogers & Wells and Pünder […]

Can firms keep up with the demand of supply?

Our practice is not one for the detailed business plan. It has been going for just over two years and was lucky to start during arguably the most prosperous couple of years since the Second World War. So far the firm has had no experience of the bad times. If there is a lesson from […]

Jonathan Goldstein

With the launch of LongAcre, Olswang’s corporate finance house, chief executive Jonathan Goldstein has been thrust into the public eye. Fiona Callister talks to a man with no doubts.

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