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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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Hands off our profession

I am somewhat alarmed to read about the increasing interest of accountants in the legal profession. It is a worrying trend and one on which the legal profession must take a stand. Multidisciplinary practices are not even allowed and yet we see the major firms of accountants preparing to go down this route. It means […]

Legal Task Force aims to protect employees with indemnity clause

A TASK Force of young solicitors and freelance practitioners has launched a model clause in a bid to stop partners suing their staff for negligence. The clause includes an indemnity by the employer against all liabilities and claims which might be made against a member of staff and pledges the firm will not attempt to […]

Outlaw age discrimination urges report

LEGISLATION to outlaw age discrimination in employment is recommended by a report from the Law Society’s employment law committee. The report, ‘Age discrimination and employment law’, said persuasion and voluntary action had a part to play against ageism, but “lasting change will only come with legislation”. Janet Gaymer, committee chair and partner of City firm […]

In brief: Murder mystery at Law Teacher event

A major conference at the end of this will month begin with a murder and end with a debate on the state of legal education. The Association of Law Teachers is kicking off its 31st annual conference with a pre-conference social event – a murder mystery dinner called Murder on the Ocean – at the […]

Wrong answer, wrong question

‘Mears takes up Rights of Audience Gauntlet’ (The Lawyer 6 February) is the latest round in the seemingly endless Bar Wars between solicitors and barristers. City firms are still complaining that the rules for solicitors to qualify as advocates are too restrictive and Mr Mears wants a “level playing field” with the Bar. These attempts […]

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