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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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Employment partner joins 15 Old Square

NORTON Rose employment partner Melanie Tether is leaving the practice to become a pupil barrister at 15 Old Square. Tether, who joined the firm seven years ago, will start a six-month pupillage in March at the chambers of John Melville Williams QC. The chambers, which has been involved in the mineworkers and dockers’ disputes, is […]

Deacons to be record legal receivership

COLLAPSED 18-office Liverpool practice Deacon Goldrein Green is at the centre of the biggest ever law firm receivership after the Manchester High Court appointed accountants Pannell Kerr Forster to take over the running of the business. The firm collapsed suddenly two weeks ago when talks with the Royal Bank of Scotland over possible individual voluntary […]

Couderts set to open two offices in Vietnam

American law firm Coudert Brothers has received approval from the Vietnamese Government to open offices in Hanoi and Ho Chi Minh City. Couderts joins UK firms Freshfields, Sinclair Roche & Temperley, Lovell White Durrant and Clifford Chance, and international practice Baker & McKenzie, which all operate Vietnamese practices. The firm, which now has 10 offices […]

Bar Council sets 10% fees cap

THE BAR Council has set a cap on barristers’ conditional fees at 10 per cent even though the Lord Chancellor will allow a maximum of 100 per cent. The cap was set as part of the Bar’s draft terms of engagement for counsel. To protect the public, the Bar is also likely to propose that […]

Boothroyd to speak at AWS dinner

Speaker of the House of Commons Betty Boothroyd will address a dinner celebrating the 75th anniversary of the Sex Disqualification (Removal) Act 1919, which allowed women to enter the professions. The black tie dinner, to be held at the London Guildhall on 9 December, has been organised by the Association of Women Solicitors.

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