The brave new world of competition

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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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Lovells beefs up New York office

Lovell White Durrant is reaffirming its US presence by poaching a partner from a Chicago firm. David Alberts, previously a partner at Chicago insurance firm Blatt Hammesfahr & Eaton, has joined Lovell’s New York office of counsel, specialising in insurance and reinsurance. The appointment comes just one month after Lovells opened a small office in […]

DJ Freeman takes on DAC partner

DJ Freeman has appointed Ambereen Salamat as a new partner in its insurance department. Salamat was one of the partners made redundant from the corporate team of Davies Arnold Cooper’s London office in February, along with four other partners and nine assistants. DAC is making about 90 staff redundant this year and has closed down […]

Eversheds boosts bio-science practice

EVERSHEDS’ Cambridge office is expanding its niche areas of practice in biotechnology and intellectual property in a drive to beat its competitors. Eversheds – one of the five largest firms operating in Cambridge – added pharmaceuticals specialist Ros Cook from Bristows to its Cambridge biosciences team of six lawyers last month. The firm plans to […]

In brief: Michael Scanlan

Michael Scanlan, senior partner at Glasgow family law specialist Russells Gibson McCaffrey, has taken over as president of the Law Society of Scotland. He replaces Philip Dry, whose parting shot involved presenting the new Scottish parliament with a “manifesto for change”, suggesting reforms for all areas of Scottish law.

Reed Elsevier

1999 is a year Reed Elsevier must be wishing would end quickly. So far a fruitless 10-month search for a chief executive has only served to amplify huge rifts in the management board, culminating in the resignation of two directors. Speculation has also flared over the possibility that Reed Elsevier could be back in talks […]

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