Movers and shakers

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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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Councils demand more time to draw up gambling laws

Local authorities are warning of chaos and confusion unless the Government gives them at least three times longer to implement new gambling laws. In a letter to the Department for Culture, Media and Sport (DCMS), the Local Authorities Coordinating Office on Regulatory Services chair Geoffrey Theobald said that authorities were put in an “unacceptable position” […]

Shearman loses M&A star to Hogan

Shearman & Sterling‘s London office has been hit by the departure of highly rated M&A partner Jonathan Coppin to join the UK arm of Hogan & Hartson. Coppin, who joined Shearman four years ago from Norton Rose following a protracted search for a senior M&A partner, will head Hogan’s developing London M&A and corporate practice. […]

Birmingham chambers collapses

Birmingham set Three Fountain Court has collapsed, leaving nearly 50 barristers without chambers. Rent increases and stalling fee revenue led to a financial crisis for Three Fountain Court. The set specialises in criminal and family matters, deriving much of its fees from Legal Aid. Stephen Linehan, head of chambers at Three Fountain Court, said in […]

Right on at Mishcon

Mishcons recently emerged as proportionately one of the City’s most ecologically sound firms, with news that around 10 per cent of its partners drive electric cars. Now news reaches Tulkinghorn that the firm is also making a bid to be the City’s most ‘right on’ bunch. Recently it swapped its suppliers of bottled water for […]

Shearman to migrate Hong Kong staff to new Shanghai office

Shearman & Sterling is gearing up to launch in Shanghai within the year, with plans to transfer a large section of its Hong Kong team across to the new office. Beijing managing partner Lee Edwards said the firm expected to have the Shanghai office, its second in mainland China, operational by the fourth quarter of 2006 or the […]

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