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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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Ward of the land

As the go-to person in disputed Land Registry applications, the independence of the adjudicator is of key importance. By Michelle Stevens-Hoare The adjudicator to HM Land Registry is an independent judge appointed for the purpose of overseeing disputed applications that arise at the Land Registry. The adjudicator, his deputies and staff constitute an independent tribunal […]

Raft of firms steer sale of V2 Music

London firm Sheridans has drafted in a range of firms to advise Morgan Stanley on the sale of V2 Music to Universal Music Group (UMG). The team at Sheridans was led by the firm’s corporate and commercial head Rex Nwakodo, who oversaw and co-ordinated the deal. The transaction saw a roster of firms get involved […]

HGF fills patents niche in Scotland

English patent and trademark firm Harrison Goddard Foote (HGF) has opened its first office in Scotland, poaching Marks & Clerk partner Gary Wilson for a Glasgow launch. Wilson, who specialises in pharmaceutical and engineering patents, will lead the new office, which will focus on patent applications for renewable energy and oil and gas clients. Currently […]

Slaughters chief hits out at PEP obsession

Slaughter and May senior partner Tim Clark has described the legal market’s focus on average profit per equity partner (PEP) as a “negative influence”. Clark debates the best measure of firm performance with Allen & Overy managing partner David Morley, Clifford Chance managing partner David Childs, DLA Piper CEO Nigel Knowles and Freshfields Bruckhaus Deringer […]

Ben Hoare Bell doubles up in Newcastle

•Sunderland’s Ben Hoare Bell has opened a second office in Newcastle. •Sunderland’s Ben Hoare Bell has opened a second office in Newcastle. The new office in Byker is the firm’s second in the city after it launched a base on Tyneside’s Jesmond district in February. The eight-partner firm is one of the largest legal aid […]

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