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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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Sink or swim time for South West firms as floods take hold

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Erskine mourns Richard Sykes QC

•Erskine Chambers’ legendary former head Richard Sykes QC has died at the age of 73. Before retiring from the bar in 1999 Sykes was renowned as the most eminent barrister working in the company law world, with one client stating that “company law was whatever Richard said it was”. Sykes, who was called to the […]

Regulator boosts minimum trainee pay

The Solicitors Regulation Authority (SRA) has announced a small hike in the minimum salary firms must pay to trainee solicitors. The minimum annual salary for trainees working in London has been increased from £17,110 to £17,660 with effect from today (1 August). Meanwhile, the minimum pay for trainees working elsewhere in England and Wales has […]

Addleshaws loses IP partner as FFW swoops

Field Fisher Waterhouse (FFW) has boosted its IP litigation practice with the hire of Hamish Porter, who becomes the second partner to leave Addleshaw Goddard this month. Porter focuses on IP litigation for media and entertainment clients and his hire takes FFW’s IP litigation team to 15 partners across Europe. Addleshaws managing partner Mark Jones […]

Government runs the rule over attorney general role

A consultation into the role of the attorney general was today (26 July) launched by the Government. The news comes a week after the Constitutional Affairs Committee claimed that the “ancient office” of the attorney general was “not sustainable” (www.thelawyer.com, 19 July). The committee had called for reforms to restore public confidence in the attorney […]

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