A VIEW from south africa

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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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Spanish telecoms group Telefónica buys 97.4 per cent of the share capital of Dutch television production company Endemol Entertainment Holding, in a euro5bn (£3.2bn) deal. Endemol advised by Stibbe (Joost van Lanschot, Heleen Kiersten). Telefónica advised by De Brauw Blackstone Westbroek (Jan Willem de Boer, Lodewijk Hijmans van den Bergh, Iman Stratenus and Enrique Boerboom). […]

UBE in-house lawyer leaves to join Carlton

United Broadcasting & Entertainment’s (UBE) general counsel is quitting to join Carlton. Stephen Rudoff, who is also head of legal, business affairs and compliance, joined UBE six years ago from London Weekend Television, but will move to Carlton to focus solely on compliance. Unlike UBE, Carlton does not have a centralised in-house department. The function […]

CC sets up joint venture with Japanese law firm

Clifford Chance is extending its Asian practice by forming a joint venture in Japan. The move will give the magic circle firm one of the biggest joint ventures in the country. Its Tokyo office already has 28 fee-earners, five of which are partners. The partner firm will be Tanaka & Akita, which is being created […]

FORUM

With major economic expansion continuing in Benelux, many firms face growing recruitment problems. Most admit to having difficulties and accept that more time and money is being spent on recruitment strategies. The main dilemma is not attracting people, but attracting the right type. This is of particular concern to the US and UK firms that […]

a year ago this week

SJ Berwin sparks salary war SJ Berwin sparked a salary war by increasing newly-qualified lawyer salaries to £42,000 from the £33,000 industry standard. As documented in The Lawyer, several have followed suit, including Allen & Overy, Clifford Chance and Norton Rose. Later, KLegal raised salaries to £45,000. US firms i n London offering New York […]

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