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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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Adam King: an apology

In the write-up of the ‘In-house Lawyer of The Year Award’, reference was made to the case brought by Adam King against the publishers of The Sunday Telegraph. In some references to this case it was suggested that Adam King had lost his claim, when, in fact, he had succeeded in obtaining substantial damages, costs […]

Mourant Equity launches Seattle office

Mourant Equity Compensation Solutions, the arm of Jersey firm Mourant du Feu & Jeune which advises businesses on their employee share schemes, has launched a Seattle office. Mourant Equity, which already employs more than 200 staff in Jersey and Croydon, recently took on Microsoft’s director of equity compensation Kathryn Kindgren to head the new Seattle office. […]

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Calm in a crisis

Crisis? What crisis? Peter Power on the importance of preparing for and dealing with the worst when it happens Some years ago, businesses only talked about ‘disaster recovery plans’ which, as their title suggests, dealt specifically with trying to recover operations post-event, rather than increasing resilience and planning to continue key activities irrespective of the […]

Andrew Milne: an apology

On 12th August, The Lawyer.com apologised in court to solicitor Andrew Milne in respect of an article entitled “Zaiwallas in £1.2m profit share row with ex-managing partner” published on The Lawyer.com from 22 February 1999 until 8 June 2004. The statement was made in proceedings for libel issued by Mr Milne. We apologised for reporting […]

CC salaried partner revolt wins promotion shake-up

Partnership ballot on second gateway to equity abolished; three-year track rolled out worldwide Clifford Chance salaried partners have scored a victory over their status as the firm prepares to introduce a simplified system for reaching equity. The new process arrives after months of consultation, led by partner John Barnard, following a backlash from salaried partners […]

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