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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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The reluctant defector

French lawyers are, on first impressions at least, gentlemen, and Gérard Mazet, who managed French firm Jeantet & Associés at the height of its success, is probably the smoothest of them all. His English accent could not be further from the comic pronunciation of the French policeman in television comedy series ‘Allo ‘Allo or indeed […]

Bar Council under fire over ageism proposals

Proposals by two Bar Council committees to ban discrimination against pupil and tenant applicants on grounds of age have been slammed as “unworkable” by the Commercial Bar Association (Combar). The proposal, included in a report by the bar’s professional standards and equal opportunities committees, says that anecdotal evidence shows that a substantial number of chambers […]

Legal widow

Wednesday morning was spent down at the doctors, for our youngest child had thoughtfully inserted a paper clip up her nose. When asked why she had done it, she answered: “To see how far it would go.” A reply which, I fear, dooms us to a lifetime of waiting for the police to knock at […]

French law firms: a guide

Gide Loyrette Nouel: Traditional full-service firm with 350 lawyers in Paris. It is the only French practice with an international presence, but it has lost 17 partners in the past three years, bringing its worldwide partnership down to 73. Jeantet & Associés: Traditional firm with a generalist focus but has lost five partners in the […]

Vectura

KLegal corporate partner Patrick Martin boasts private equity fund Merlin as one of his biggest clients, and it has moved with him from Pinsent Curtis to Price Waterhouse’s law firm Arnheim & Co, and from there to KLegal. Merlin became one of the founding investors in Bath-based drug delivery company Vectura in 1997, and Martin […]

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