Nabarros client leads e-market

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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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Herbert Smith advises e-bank

Herbert Smith and Irish firm Arthur Cox are advising on what they claim will be the first global online bank. Herbert Smith, in conjunction with Spanish law firm Uria & Menendez, is advising Banco Bilbao Vizcaya Argentaria and the largest European and South American-quoted internet company, Terra Networks. The bank and the internet company are […]

Law firms waste money on poor marketing according to survey

Law firms have miscalculated their marketing strategies and are wasting vast amounts of money on them, according to a new survey. The report, produced by corporate branding specialists Springpoint, also reveals that there is little differentiation between the top six law firms and that business is dependant on the people and the relationships that clients […]

Stanbrooks lures lawyers from closed Belgian firm

Stanbrook & Hooper and Bird & Bird have benefited from the break-up of Belgian firm Cannart Andre-Dumont Erkelens Goethals. Brussels-based Stanbrooks has lured two of the firm’s partners – Emmanuel de Cannart d’Hamale and Hubert Andre-Dumont – and four associates to set up its Belgian corporate and commercial department. Another Cannarts partner, Catherine Erkelens, has […]

Digests

The Lord Chief Justice, Lord Bingham, last week overturned a landmark High Court decision that the minimum wage applies to pupil barristers. The Court of Appeal has ruled that pupils over 26 should not be entitled to the minimum wage. The original High Court action was brought by Rebecca Edmonds, a pupil at 23 Essex […]

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Arthur Farrer, former partner at Farrer & Co, the Queen’s firm of solicitors. The Lord Chief Justice, Lord Bingham said Farrer had breached the 1989 Firearms Act by telling his 81-year-old mother where he kept the keys to his gun cupboard. The police never suggested that his mother has handled the guns or “expressed any […]

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