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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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DLA to shed 40 jobs across UK offices

DLA Piper has launched a redundancy consultation that could lead to up to 40 job losses across its UK offices. The firm is reviewing 15 to 20 fee-earning roles related to real estate and finance across a number of practice groups in London, Birmingham, Leeds, Liverpool, Manchester and Glasgow. The redundancy consultation will also put […]

Partner deed lies at heart of Hammonds profits dispute

When is a former partner still a ­partner? This is the key question that Mr Justice Warren has the hard task of answering. The judge is stuck in the middle of a highly technical but extremely important case about law firm partnerships, which could change the shape of ­partnership deeds at all law firms. Warren […]

1

FFW in jobs consultation with 175 support staff

Field Fisher Waterhouse (FFW) has launched the largest redundancy consultation of the UK legal market so far, after starting talks with 175 support staff in London. The firm has 300 support staff, but has said that it is trying to minimise the losses, adding that at least 40 positions are under threat. A spokesperson for […]

Slaughters, SJ Berwin advise in BA-Qantas merger

Slaughter and May and SJ Berwin have profited from their longstanding ties with British Airways (BA) and Qantas, advising the two respective airlines on their proposed merger. Slaughters and its best friends have had close links to BA for a long time, most recently advising the firm on the BA/Iberia link-up (30 July 2008). Likewise, […]

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White & Case unveils new management structure

White & Case unveils new management structure” />White & Case has revamped its management structure for the second time in two years, electing new practice and regional group heads. Earlier this year The Lawyer revealed that the US firm was overhauling its management structure to create regional and practice group divisions after management consultant McKinsey […]

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