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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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After years of being told that there was gold in them there pixels and that, if you truly believed, business salvation could be yours, Sunday night has become Monday morning. The cold light of day has shown that things are pretty much as they were before. You still have to go to work; you still […]

Technology, Media and Telecommunications

Funny things, telecoms companies. Sitting at the forefront of the IT revolution, they are as new economy as they come. But despite all their newfangled technology and snappy marketing speak, these are industrial giants. Vodafone/Mannesmann, the Orange flotation, British Telecommunications (BT), NTL – the list of big acquisitive names goes on and on. But in […]

Law Society pushes NY bar to change qualifying rules

The Law Society is calling on the bar associations of New York to support it in a bid to relax the rules for UK lawyers trying to requalify to practise there. New York currently makes a distinction between solicitors who qualified with degrees in law and those who did non-law degrees. The former are allowed […]

Bird & Bird advises on Patientline IPO

Bird & Bird has advised Patientline on its £104m initial public offering (IPO) on AIM. The deal went ahead in mid-March, despite a global collapse in equity capital markets and investor distrust of technology, media and telecoms (TMT) stock. Patientline provides bedside entertainment, communication and information services for acute hospital patients in the UK and […]

Partner trio plans MBO to save Bevan Ashford’s Cardiff office

Bevan Ashford’s Cardiff partners are in the final stages of negotiations for a management buyout (MBO) of the office to save it from closure. The negotiations follow a review of Bevan Ashford’s presence in Cardiff, (The Lawyer, 18 December 2000), which found that the office no longer fits with the firm’s overall strategy. The buyout […]

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