News in brief

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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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Wilmer Cutler rejig sees Euro partners in the mix

European partners of Washington DC firm Wilmer Cutler & Pickering are lining up for a new role on the firm’s international management committee. The firm is restructuring its management to include a European partner and a policy committee for the first time.The 450-lawyer firm is growing its management committee from six members to seven and […]

Herbert Smith in Asia management rejig

Herbert Smith has restructured its management team, relocating executive partner Tim Parkes to Hong Kong to become the firm’s new head of the Asia region. Head of real estate Iain Rothnie will take over Parkes’ former role. The changes take effect next January.Rothnie said: “I’m delighted the partnership has confidence in me to continue the […]

Fenwick and VLG cut lawyer count

Silicon Valley firm Fenwick & West has laid off nearly 50 lawyers and become the second firm in as many weeks to make major culls. It has cut 32 associates and 15 paralegals from its ranks because of the falloff in technology-related corporate work.At the same time, high-profile Valley firm Venture Law Group (VLG) put […]

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