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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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Camerons sees off CC to scoop Sara Lee sale

CMS Cameron McKenna has just completed its first corporate transaction for Sara Lee Corporation – taking the work from under the nose of bigger player Clifford Chance. `Camerons won the job of disposing of Sara Lee’s UK bakery business which earned £50m in sales last year. The company makes, markets and distributes frozen baked foods […]

Bevan Ashford launches new assault on Bristol insolvency

Bevan Ashford is to launch a dedicated insolvency practice from its Bristol office with the hire of Laytons’ highly-rated Bristol head of insolvency Gordon Bon. `Bon will complement Bevan Ashford’s existing insolvency practice led at the Exeter office by Louise Wilkinson. Insolvency assistant Claire Cole is also moving from Laytons to Bevan Ashford.`Bon’s practice is […]

In-house pupillages leave the market cold

Only one firm of solicitors in England and just two private companies in the UK have been authorised to carry out pupillage training, two years after legislation was introduced to widen training provision to outside chambers. `Entry to the independent bar is extremely competitive. But the Access to Justice Act aimed to open up opportunities […]

Norton Rose eyes Beijing to dovetail with HK return

Norton Rose has applied for a licence to open in China after deciding to establish a presence in Beijing. `Although the firm has chosen Beijing rather than Shanghai, it is expected that Chinese regulations will make it easier in future for law firms to switch between cities.`The move has been timed to coincide with the […]

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