Court of Appeal decides litigation privilege does not apply in first televised appeal

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Government’s rent reforms will punish private and institutional landlords

By Paul Henson The Government has today announced radical reforms of the private rental market that will create open-ended tenancies and restrict a landlord’s ability to remove tenants. The reforms to so-called ‘no fault’ notices served under section 21 of the 1988 Housing Act, together with recent changes to the tax position on buy to […]

Being born a royal is hard enough – try being a US taxpayer too

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European antiques market threatened by new regulation

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By Robin Henry, Jean-Martin Louw  The High Court has declined to allow the enforcement of a US$26 million damages award issued by a US District Court. In an interesting decision, it held the claimants were precluded, either by issue estoppel or by abuse of process from enforcing the US judgment. The court also remarked that English […]

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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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