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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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SJ Berwin wins B&M global partner

SJ Berwin‘s German branch has taken on an international partner from Baker & McKenzie‘s Frankfurt office. Sebastian Gronstedt, who specialises in private equity and M&A transactions, will join the firm’s Frankfurt office where he will focus on buyout work. Gronstedt has previously acted for multinational corporations, but in his new role he will move away […]

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Barristers out of pocket on CFAs

Barristers’ fees have dropped significantly in conditional fee arrangement (CFA) work even if they are winning the bulk of their cases. The Lawyer has obtained details of a report’s mid-stage findings which claim that barristers are faring badly in terms of fees and control over cases. The findings appear at a time when senior barristers […]

11 KBW hires chambers director

Lord Irvine’s former set 11 King’s Bench Walk has hired a chambers director to handle marketing and more administrative work following the set’s recruitment of eight tenants last October. Elizabeth Horsley joins from Butterworths, where she was group publisher of its general practice and public sector work for 12 years. Joint chambers head James Goudie […]

Andersen Legal forms Indian association with DSK Legal

First ever international link-up for indian firm; Andersen alliance avoids local bar disapproval Andersen Legal has formed a formal association with Indian firm DSK Legal. It is believed to be the first time that an Indian firm has linked up to an international legal network. While other law firms sought to penetrate the protectionist Indian […]

Miller leaves CC Brussels for in-house post at Dexia

Clifford Chance is losing top Brussels partner Axel Miller when he takes on a newly-created in-house role with longstanding client banking group Dexia next month. Miller is a Belgian-qualified M&A and corporate finance specialist. Subject to the approval of Dexia’s board of directors, he will join Dexia as a member of its executive committee and […]

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