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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 […]

Recommended

CC advert receives German complaints

A Clifford Chance Punder advert has ruffled feathers in Germany amid claims that it breaches advertising regulations. The ad was placed in national newspapers and magazines across Germany for the first two weeks of January to celebrate the merger of Clifford Chance with Punders and US firm Rogers & Wells. But German law firms have […]

Financing

Hammond Suddards acted on the establishment of the Hart Group. The company was formed through a joint venture by three Murray Johnstone venture capital trust schemes and the South Yorkshire Venture Fund

Trainees' minimum salary set to rise

At Thursday’s council meeting, members will consider a recommendation that from August 1 2000, the minimum wage for central London be raised from £12,150 to £13,600, with a Council recommended salary of £14,600. The Training Contract Review Group also recommends that the minimum level should be increased from £10,850 to £12,000 with a Council recommended […]

UK needs shift in pro bono culture

I read the feature on pro bono (The Lawyer, 7 February) with some interest. Those of us closely involved in the pro bono movement in this country will have recognised very familiar points, particularly the comparison with the pro bono movement in the US. There have always been clear arguments for using the US as […]

Quote of the week

“It’s not the kind of term that you normally put into a corporate process.” – Paisner & Co partner Jonathan Cameron on Hammer Films owner Roy Skeggs’ demand that he should continue to own the rights to Frankenstein’s boots. Paisners acted for the consortium that bought the famous horror film company.

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