Property

With the words ‘climate change’ on everybody’s lips, addressing sustainability in its widest sense is perhaps one of the most important issues facing the property sector, as the following special reports illustrate.

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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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Burges Salmon and Halliwells advise in £46m Pontins sale

Burges Salmon and Halliwells advised in the £46m sale of family holiday business Pontins to Ocean Parcs, an investment company led by Pontins’ former chief executive, Graham Parr. Ocean Parcs plans to re-develop the seven holiday resorts to promote Pontins as an environmentally friendly holiday destination. Burges Salmon advised Ocean Parcs on the deal, led […]

Reed Smith reunites ex-Freshfields finance duo

Reed Smith reunites ex-Freshfields finance duo” />Reed Smith Richards Butler has boosted its finance practice with the addition of Clyde & Co asset finance partner Siva Subramaniam. Subramaniam, who joins from the London office of Clyde & Co, where he was also a partner, is reunited with Rex Rosales, who leads Reed Smith’s transport finance […]

Dundas promotes six again but women miss out

Dundas & Wilson has promoted six lawyers to its partnership, with half of the new promotions in the corporate group. The firm also made two promotions in the banking group, with one other new partner in real estate. Dundas co-managing partner Donald Shaw, based in London, said the promotions in corporate and banking reflected confidence […]

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