News in brief

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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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News in brief

Slaughter and May and Ashurst Morris Crisp have been appointed by Rotch Property Group as its “Level 1” advisers after completing the first phase of its panel review. The firms will advise on securitisation, capital markets, telecoms and IT work, while corporate and property “Level 2” work was awarded to Macfarlanes and Osborne Clarke. Memery […]

Herbert Smith tackles Carnival deal

Herbert Smith has acted for Carnival Corporation on its first bond issue in the Euromarkets. Finance partner Jane Borrows, assisted by associate Ruth Frederick, led the £189m issue by Carnival subsidiary Costa Finance. The work comes on the back of the corporate department, which secured Carnival as a client last year. Carnival is unusual because, […]

Matrix adds senior academics to ranks

Matrix Chambers has hired 11 King’s Bench Walk’s academic practitioner Gillian Morris, as well as four senior academics, all of whom are due to join the set as pupils over the next 18 months. The new members are Christine Chinkin, professor of international law at the London School of Economics, Andrew Choo, professor of law […]

Holland & Knight gets closer to target size with NY merger

Florida firm Holland & Knight, one of the 10 largest US firms, is merging with New York practice Gilbert Segall and Young. The merger increases the firm’s lawyer count to 130 in New York and gives it its first presence in Europe through Gilbert Segall’s Finland office. Gilbert Segall is a 30-lawyer firm focusing on […]

The Bright side of life

Chris Bright feels that his work for Clifford Chance is done and so is moving on to Shearmans. For his next challenge he might even take on Brussels It is a sweet irony that walking away from the offices of The Lawyer on my way to Shearman & Sterling I am going against the flow […]

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