Property

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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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Bacfi proposals find backing

An open meeting of around 60 members of the Bar Association for Commerce Finance and Industry (Bacfi) has backed calls for partnerships between barristers. The meeting, held earlier this month, was called by Bacfi’s executive committee as a means of testing the level of support within the organisation’s rank and file for its reform agenda. […]

Marine four get on board at Berrymans

Insurance litigation specialist Berrymans is to take four marine partners from six-partner marine firm Ingledew Brown Bennison & Garrett, raising the number of partners at Berrymans to 32. The four – senior partner Martin Sutton, Ken Thwaites, Roger Miles and Stuart Armstrong – together with five assistants, will join Berrymans’ office from 2 December but, […]

Olswang puts on six Stones

Olswang has boosted its property department from four to six partners overnight by poaching almost half of Stones Porter’s property team. Two partners, two assistants and two secretaries are all going to Olswang. One of the two partners, Tim Westhead, had been at Stones Porter for 11 years; his colleague Martyn Needham joined in 1987 […]

Electrifying deal

Freshfields has been appointed as the legal adviser to the Electricity Generating Authority of Thailand for phase one of the privatisation of its thermal power plants. Shares in the privatised power companies are expected to be floated initially on the Thai stock market in 1997. Freshfields will be coordinating the work from its office in […]

DoE project searches for ADR answers

A senior London university lecturer commissioned by the Government to examine the highly adversarial construction industry has accused lawyers of preferring courtroom battles to alternative dispute resolution. Nicholas Gould, a senior lecturer in Westminster University’s Construction, Housing and Surveying department, says that lawyers often take disputes out of their clients’ hands. This, he claims, can […]

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