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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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County court orders Olswang partner to pay journalist's bill

OLSWANG libel specialist Geraldine Proudler was ordered by a county court to pay a bill for £2,751 to a journalist who had issued a summons seeking payment for work commissioned by the partner. According to Sylvia Jones, former chief crime correspondent of the Daily Mirror, Proudler had commissioned her to carry out research for The […]

In brief: Enter the Chase Corporate Challenge

There is still time for lawyers to enter teams for the 1997 Chase Corporate Challenge, which takes place on 23 June. The charity mini-marathon is sponsored by The Lawyer. Among the firms taking part are S J Berwin, Stephenson Harwood and Freshfields. So far no chambers have entered. For details ring: 0171 282 8037.

Call that democracy?

One need look no further than the saga of the minimum salary rule for evidence of how out of touch Chancery Lane is with the profession. With the intention of listening, the Law Society invited the profession to express its views on the issue. It was well known that the number of responses received was […]

1

Bar urged to change its non-practising barrister tag

The Bar Council is being called on to scrap the label “non-practising barrister” and to replace it with the term “barrister without rights of audience”. The proposal is a key aim of the newly-formed Non-Practising Bar Association. Currently, only barristers who are exercising their rights of audience as independent practitioners are allowed to describe themselves […]

Treatment for negligence

There has been a steady rise in the number and value of negligence awards against the medical profession recently. Although not yet reaching the heights of certain libel actions, they are becoming inflated and inconsistent – a situation that could damage healthcare, burden the taxpayer, give false hopes to plaintiffs and snowball as lawyers take […]

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