Looking at the bigger picture

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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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EC urges Taiwan to relax rules

The European Commission is pressing for greater rights of access for foreign lawyers in Taiwan, as part of its negotiations over the country’s accession to the World Trade Organisation (WTO). The move is backed by the Law Society, which wants to see the strict regulations for foreign lawyers practising in Taiwan relaxed. Although foreign lawyers […]

Flotations

Berwin Leighton acted for London bus company Metroline on its £37m listing on the London Stock Exchange. Rowe & Maw acted for the sponsors to the listing.

Property

Nabarro Nathanson advised the Post office on the sale of its sorting office at King Edward Buildings to Merrill Lynch, advised by Linklaters & Paines. Merrill Lynch plans to convert the historic building into its 500,000 sq ft European headquarters.

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