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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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Bar regulator kicks off code of conduct overhaul

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Deborah Prince: Which?

With its ever-expanding remit, Which? legal chief Deborah Prince is looking for a team to keep up with the needs of the charity. By Jon Parker. Fifty years have passed since the UK charity the Consumers’ Association, now known as Which?, was born out of a Bethnal Green garage in a bid to fight shoddy […]

Lovells Tokyo head Lester eyes Aussie homecoming as AAR comes calling

Australian firm Allens Arthur Robinson (AAR) has swooped for Lovells Tokyo managing partner Tim Lester. Lester, who heads Lovells’ Asian capital markets team, will be joining AAR as a partner in its corporate and finance practice and will be based in Perth, as first revealed on www.thelawyer.com (12 June). Lester’s departure from Lovells is an […]

Dundas boosts revenue but profit stalls

Dundas & Wilson has set a new benchmark by posting a revenue of £60.8m for the 2006-07 financial year, a rise of 15 per cent on the previous year’s £53m. The 76-partner all-equity firm has also posted a static average profit of £308,000, citing heavy investment in the business as the reason. Dundas said it […]

Stevens & Bolton breaches £300K PEP

Guildford-based Stevens & Bolton had a record year in 2006-07, with average profit per equity partner (PEP) pushing through the £300,000 mark. The firm posted a total revenue of £14.1m with a profit margin of 32 per cent, giving it a £4.5m net profit and a PEP of £305,000 for its 15 equity partners. The […]

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