Slaughter and May faces Uria on Abbey takeover bid

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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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Herbert Smith rejigs management

Herbert Smith is carrying out a radical review of its management structure, which could see the senior partner role split into two. The review coincides with the forthcoming management elections and the firm is considering the creation of a permanent managing partner who will share the responsibilities of the senior partner. Herbert Smith scrapped the […]

Identity crisis

With a more sophisticated rent review arbitration process, are expert valuation witnesses behaving too much like advocates? Jonathan Seitler QC reports Traditionally, whether or not a rent review involves an oral hearing, the landlord and tenant each employ a surveyor to give an opinion of value to the arbitrator. Although the landlord’s valuer will usually […]

Mallesons plumps for Hong Kong merger with local firm

Australia’s Mallesons Stephen Jaques has taken the next step in beefing up its Hong Kong presence, announcing a merger with local firm Kwok & Yih. The Australian firm’s tie-up with 25-lawyer Kwok & Yih, a corporate finance specialist, will add to the eight partners and 23 fee earners it has taken on in the region […]

Nigel Knowles tours UK to drum up support for ‘DLA Piper Rudnick’

DLA has issued a rallying cry to its European alliance members to back its transatlantic merger with Piper Runick, as the UK firm’s management embarks on a roadshow to urge partners to sign up to the deal. The acceleration of the tie-up arrives as more details emerge of the two firms’ proposed merger, which will […]

For the record…

In the McDonald’s Restaurants Client File (5 July), Hamlins should have been cited as the fast-food chain’s external adviser on marketing matters, rather than Trowers & Hamlins as stated. In the Human Resources Special Report (12 July), Bond Pearce’s trainee retention rate should have been 75 per cent and not 25 per cent as stated.

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