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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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CC remains defiant in face of US litigation woes

The past six months have been tumultuous for Clifford Chance’s US litigation team, which has experienced a raft of associate layoffs and a number of partner ­defections. Amid speculation that the firm could further downsize or even wrap up the team, firmwide managing partner David ;Childs ;is ;keen to set the record straight. ­Litigation, he […]

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Camerons ‘partner’ title up for grabs in London

The title of partner at CMS Cameron McKenna is set to be extended way into the associate ranks, heralding a shake-up of its partnership. The firm is looking at bringing the local partner role from its Central and Eastern Europe (CEE) offices to the UK. In CEE around 60 lawyers already have the title.The role […]

MIPIM blog 2: A thought from Boris

The London pavilion was packed this afternoon, probably because Boris Johnson made an appearance. According to Boris, MIPIM stands for May I Push you Into the Mediterranean. There were a few other phrases his speech-writers dreamed up for him, which I might have been better able to recall had I not carried out my inspection […]

Stibbe takes on Links tax partner

Herbert Smith’s Benelux alliance partner Stibbe has hired Linklaters Brussels partner Thierry Denayer as head of tax. Denayer will join Stibbe in April to head the eight-lawyer tax department.Stibbe managing partner Olivier Clevenbergh said: “With this reinforcement, the tax law team will have the opportunity to expand its activities. Like all Stibbe lawyers, Thierry is […]

G20 questions

On 2 April, the G20 will publish a list of offshore jurisdictions deemed ripe for regulatory overhaul. Politicians set their sights on the offshore world some time ago, but with western economies now in meltdown it has become an urgent matter. Offshore lawyers are becoming increasingly vocal about their work in response to ever growing […]

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