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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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Ashursts take on German partner

Herman Schlindwein, who specialises in servicing sports clients at the Linklaters & Alliance’s German member firm, will bring the number of partners at Ashursts Frankfurt office to seven. Nick Angel, managing partner of Ashurst’s Frankfurt office, who took over the running of the branch in July from Graham Ward who returned to London, said at […]

a year ago this week

Global CC axed for Ashursts British Midland (BM) axed global giant Clifford Chance for a smaller firm in the belief that it would receive a “better service”. The UK’s second-biggest airline used Ashurst Morris Crisp at this time last year when Scandinavian Airlines Systems sold its 20 per cent stake in BM to Lufthansa for […]

Watson quits Hammonds for Ashurst Morris Crisp

Hammond Suddards Edge’s London managing partner Gary Watson has resigned to join Ashurst Morris Crisp. His move comes just five months after the merger between Hammond Suddards and Edge Ellison. Hammonds management declined to comment on the move, but a Hammonds partner says: “Gary did have the ambition to be managing partner a while ago […]

A View from Brussels

The Brussels legal services market has seen substantial changes in the last few years. Following the arrival of UK and US firms and the tidal wave of mergers and alliances, the law firms’ landscape in the capital of Europe is composed of two groups: the first comprises five large firms with more than 100 fee-earners […]

Lagerlöf & Leman former chief quits for Pinsents alliance firm

Former Lagerlöf & Leman managing partner has quit to head Pinsent Curtis’ new alliance partner Magnusson Wahlin. Claes Soderstrom, who had been with Linklaters & Alliance’s Swedish member firm since 1979, joins as managing partner. Magnusson Wahlin is one of Sweden’s leading practices. Pinsents first worked with the firm in 1995 through an informal international […]

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