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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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Straining training

If you, like Tulkinghorn, have spent many hours pondering over just what amazing skills trainees must have to command salaries of £30,000 plus, then the experiences of those at Wedlake Bell will help.`The City firm’s corporate finance team recently hosted a spring reception for journalists and clients at which Tulkinghorn unearthed the true value of […]

Hewitson Becke + Shaw

Recruitment is the name of the game at Hewitson Becke + Shaw. The current figure of 51 partners and 150 fee-earners is set to rise by at least 20 per cent, most likely 50 per cent, in the year ahead.`Managing partner Alan Brett refers to a “tidying up” exercise which has seen the loss of […]

Linklaters partners earn £1m

Top equity partners at Linklaters & Alliance will make over £1m for the first time this year.`The firm is set to post record figures, with turnover leaping from £395m in 1999-2000 to some £505m – a 28 per cent rise. Indications are that top equity partners, who last year drew £925,000, will make around £1.05m, […]

Bloodbath in New York as CC equity is slashed

Lockstep integration forces up to a fifth of US partnership out of equity; all practice areas affected Clifford Chance is cutting up to 25 of its US partners out of equity as it battles with a post-merger restructuring of its lockstep.`The firm is in the throes of integrating the legacy Rogers & Wells partners into […]

Berrymans and Druces & Attlee sign formal alliance agreement

Regional insurance firm Berrymans Lace Mawer has signed a commercial agreement with 14-partner City firm Druces & Attlee in a bid to provide its clients with a wider portfolio of legal services.`The formal agreement is the first of its kind for Berrymans, which lost more than half of its Liverpool-based commercial department to rival North […]

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