Privatisation

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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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Kidd Rapinet seals international tie-up

London-based firm Kidd Rapinet is merging with CY Jacob & Co, an international law firm with an associate office in Tel Aviv. Kidd Rapinet, a 41-partner firm which has nine offices in the Thames Valley in addition to the London office, is also appointing Paul Taylor as its new senior partner. Taylor replaces Andy Lewis […]

Digests

Shoosmiths is closing its Rugby office and opening another in Milton Keynes as part of a strategic review. Last year the Rugby commercial team moved to Northampton, but it is uncertain what will happen to its remaining five partners and 10 assistants when the office shuts in April. Clifford Chance has poached an in-house lawyer […]

Property

Clifford Chance advised The Long-Term Credit Bank of Japan on its sale of 55 Bishopsgate, London to Pearl Assurance. Iain Morpeth, real estate partner at Clifford Chance, advised the bank. Nicholson Graham & Jones acted for the purchaser.

Society takes the road to recovery

The Society of Practitioners of Insolvency has voted for a new name and constitution to reflect the modern market in which its members work, says Stephen Gale. For years now the market in which insolvency professionals operate has been changing from one dominated by formal insolvency appointments (for example, receiver, liquidator, administrator or trustee in […]

Eversheds Leeds loses property litigation head

Penny Belcher is one of the top property litigation lawyers in the North-East, and has worked for clients including supermarket giant Asda and printing and packaging group Rexam. It is understood that both clients will continue instructing her at Irwin Mitchell. Belcher says: “I moved because Eversheds has become so enormous that I felt like […]

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