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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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Cost cuts see Biddle’s partner profits double

Biddle’s profits per partner have soared by 50 per cent after cutting costs and tackling slack habits in recording billable hours. Average profits per partner have risen to £270,000 with top of equity receiving £350,000 – £100,000 more than last year. Bottom of equity has seen an increase from £35,000 to £160,000. Gross fees have […]

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 […]

It’s been a good week for

Liz Abbott, a blind teacher who received £60,000 in damages after an employment tribunal ruled that her school broke the law by failing to provide a classroom assistant to help her. The tribunal hearing in Stratford, east London, found that St Mary’s Roman Catholic primary school in Chingford had breached the Disability Discrimination Act and […]

AIG general counsel joins Lloyd’s in NY

Lloyd’s of London is recruiting a new general counsel for US regulatory affairs in New York. Joseph Gunset is joining from insurance giant AIG where he was vice-president and general counsel for the warranty products division. At Lloyd’s he will be responsible for the management of US licensing and trade regulations. He will be the […]

Norton Rose hires telecoms partners

Norton Rose is boosting its technology capabilities with two lateral hires from the telecoms and IT sectors. The new partners are US-qualified Mark Naftel, who was assistant general counsel at Danish telecommunications company Tele Danmark, and former Slaughter and May IT specialist Michael Rebeiro. Their appointments bring the number of new partners appointed to the […]

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