3 Stone Buildings QC leads BVI Commercial Court

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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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PARALEGALS are in danger of being edged out of a shrinking jobs market as recruiters offer positions to those who have had their training contracts deferred. Hannah Jackson, a senior recruitment consultant at Hays Legal specialising in placing paralegals said: “We’re only looking at candidates who have training contracts. It’s sad because you see so many cases of wasted talent who […]

Thomas Eggar doubles partner promotions

South East firm Thomas Eggar has promoted four new partners, up from two last year. The new partners are: Sarah Phillips in tax, Garry Ramsden in aviation, Robert Kenyon in dispute resolution and David Fanchi in real estate. The firm has also promoted 10 new associates, compared with six in 2008. Managing partner Tony Edwards […]

Speechly breaks top 50 after Campbell Hooper merger

Speechly Bircham has merged with 23-partner West End outfit Campbell Hooper, propelling the firm into the top 50. The new firm will operate from Speechly’s offices at New Square Street, and will consist of 88 partners and 250 lawyers. Managing partner Michael Lingens said the firm had been searching for a smaller merger partner for some […]

Skadden looks on the bright side

IT IS rare to see partners leave Skadden Arps Slate Meagher & Flom, so Manhattan’s legal community was set chattering recently when it witnessed three partner defections in the less than a week. First M&A stars David Fox and Daniel Wolf announced their departure to Kirkland & Ellis (TheLawyer.com, 19 May). They were followed shortly […]

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Ashurst revenues down by 7 per cent

Ashurst has reported a seven per cent drop in global revenues for the 2008-09 financial year. The silver circle firm announced total revenue of £301m, which is down from £323m at the end of the 2007-08 financial year. While the firm is yet to announce its average profit per equity partner (PEP) figure, managing partner […]

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