A VIEW from SILICON VALLEY

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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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Arnold & Porter expands tax team with NY partner

Washington DC firm Arnold & Porter has pulled off a coup in New York by attracting the former chair of the international tax team from Jones Day Reavis & Pogue. Richard Andersen, a leading tax lawyer, is joining Arnold & Porter to spearhead the development of a tax practice in New York. Andersen practices in […]

LEGAL WIDOW

I took my career-girl friend Abigail to the Harvest Festival assembly at school, where I was delighted to see her dissolve into tears at the sight of Deminimus and Liability dressed as onions. (“Shallots, I hope,” she whispered. “It is a private school, isn’t it?”) “Just look at the work on that!” she said afterwards, […]

Shearman & Sterling boosts Silicon Valley with IP expert

Shearman & Sterling is beefing up its Silicon Valley office just three months after two top partners jumped ship. The firm’s managing partner for San Francisco and Menlo Park William Hinman and business finance partner Kevin Kennedy left for Simpson Thacher & Bartlett in the summer. Now the firm has started rebuilding with a new […]

Farrar's loses leading silk to Fountain Court

Magic circle set Fountain Court has taken commercial silk Stephen Rubin QC from John Leighton Williams QC’s chambers Farrar’s Building. Farrar’s Buildings has been trying to edge away from common law by encouraging its stars to develop a stronger commercial practice. This will undoubtedly leave a dent in the new strategy. Senior clerk at Farrar’s […]

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