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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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City firms planning pay advice services

Top city firms are attempting to branch out into remuneration advice by acquiring independent consultancies. Peter Brown, chairman of the consultancy Top Pay Research Group, which advises independent directors and companies on pay, said he had been approached by “a couple” of law firms to see whether his company would form a permanent alliance with […]

In brief: Susan Ward elected as new Bacfi chair

Bacfi the Bar Association for Commerce Finance and Industry has elected Susan Ward, in-house counsel at the banking body APACS, as its chair. Ward (pictured), who takes over from Express Newspapers legal adviser Stephen Bacon, called for a lifting of all the restrictions preventing in-house lawyers from appearing in the higher courts.

Share options limit too low, says report

Company directors should be allowed approved share options of up to £100,000 more than three times the current maximum according to Michael Jacobs, a tax partner at Nicholson Graham & Jones. Jacobs’ recommendation comes in a report on “rewarding leadership” in smaller quoted companies issued last week by the lobbying group Cisco. Jacobs was the […]

Freshfields appoints eight lawyers to Rome office

Freshfields’ fledgling Rome office has got off to an ambitious start with the appointment of eight new lawyers, bringing the number of lawyers based in the Italian capital to 10. More hirings are planned for later this year. The appointments include one at partner level. Raffaele Lener, a well known banking lawyer, has joined from […]

The Lawyer Inquiry: Byron Carron

Byron Carron was born in New York in 1942. He is a solicitor at Townsends in Swindon, and specialises in head injury. What was your first job? Articled clerk. What was your first ever salary as a lawyer? £4.00 per week. What would you have done if you hadn’t become a lawyer? A farmer. Which […]

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