MMS converts to LLP

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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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Weil Gotshal boosts NQ salary to £75,000

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England’s exploits bring out the hooligan in Mayer Brown

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Lawyers are the only winners as Gas Natural feels the chill in Spain

With Gas Natural’s €22.5bn (£15.35bn) hostile bid for Endesa halted by a Madrid commercial court, some are suggesting that the only beneficiaries of the drawn-out affair may be the law firms advising. Over eight months, Endesa, advised by Clifford Chance partner and head of competition Miguel Odriozola, has filed more than 30 legal and administrative […]

Cobbetts partner enticed by Trowers

Cobbetts has suffered a blow to its social housing practice with the loss of partner Mike Gaskell to the Manchester office of Trowers & Hamlins. Gaskell joined Trowers two weeks ago (12 June) after eight years as a partner at Cobbetts, where he helped establish the firm’s social housing team. His practice sees him advising […]

Allen & Overy battles £26.2m pension hole

Allen & Overy battles £26.2m pension hole” />Allen & Overy (A&O) partners have been subsidising a multi-million-pound hole in the firm’s staff pension fund for the past four years, it has emerged. The total deficit stood at £26.2m, or £85,000 per partner, at the end of the 2005 financial year, the most recent year for […]

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