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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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Perkins Coie consigns Hong Kong to history

Seattle-based law firm Perkins Coie has become the latest in a string of foreign firms to scale back its presence in Asia. As first revealed by Lawyer News Weekly last Wednesday (8 December), the firm is shutting the doors of its 12-year-old Hong Kong office. Perkins Coie told staff a fortnight ago that, following a […]

Separated at birth

Many have come close, but only three could make the cut for the final looky-likey of the year. Leading the charge, appropriately enough, is Major Chip Hazard, Small Soldiers’ biggest baddie, who bears an uncanny resemblance to Freshfields’ Amsterdam managing partner Hans Galavazi. Mills & Reeve partner Nick Stone, meanwhile, chose to raise his profile […]

Plural tribute

One of the many differences between Italian law firms and their UK counterparts was brought home with a resounding thud to a journalist from The Lawyer this year. Querying a certain Italian law firm’s multiple role on a deal, the reporter was greeted with the following reminder: “Yes, there is a question of conflict. But […]

From law to Channel 4

Thinking of a change of scene in the new year? Patrick and Colette Bergot, tired of commuting, left their legal careers behind them for a French château. They also had the experience filmed for Channel 4. The Lawyer finds out why Earlier this year Channel 4 told the story of two City lawyers who gave […]

Going, going gong

Imagine the scene: you’ve just won one of the main prizes at a glittering awards bash; your celebrations are in full flight; your mates are congratulating you; your future is secure and life is sweet. Then BAM! You turn around and the worst has happened – someone’s nicked your gong. This was the drama that […]

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