Pumping up the volume

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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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Mallesons top tax man quits law

One of Australia’s leading tax practitioners is quitting Mallesons Stephen Jaques after 22 years because he hates tax. Partner Michael Wiley heads the Sydney tax practice and is regarded as one of the country’s most senior practitioners. Mallesons is one of the country’s leading tax firms, acting for clients such as Orica, Unilever and Lion […]

Denton Wilde adds bonus and hikes assistant rates

Denton Wilde Sapte has introduced a bonus scheme based on chargeable hours at the same time as putting up assistant rates to magic circle levels. The firm is paying newly qualified assistants £42,000 per annum. Both Denton Hall and Wilde Sapte previously paid £37,000. The bonus deal will see lawyers with post qualification experience of […]

Herbert Smith plans merger with Germany’s Gleiss Lutz

Herbert Smith is in merger talks with Gleiss Lutz Hootz Hirsch Rechtsanwälte, hoping to scoop the last magic circle merger partner in Germany. It is understood that the two firms have been in talks for over six weeks, although a partnership vote has not yet taken place. Gleiss Lutz managing partner Martin Diller says: “There […]

Reynolds Porter

Reynolds Porter Chamberlain acted for OneEighty Software on the $1m (£668,000) funding being invested by NewMedia Spark. The internet investment company has taken a 20 per cent stake in OneEighty Software in return for its capital. Corporate partner Ron Norman acted on the deal with associate Marianthe Brotherton. Nabarro Nathanson advised NewMedia Spark.

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