Travers cuts jobs in real estate and corporate

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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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As international firms turn their attention to Asia and the Middle East, their Viennese counterparts have increased their efforts in Central and Eastern Europe. By Chris Crowe Under the heavy gloom of the global financial crisis, the Austrian legal elite have stayed resolute. Despite the economic malaise, Austria’s legal market remains intent on furthering its […]

India’s FoxMandal opens two new India bases

Indian firm FoxMandal Little (FML) has continued its expansion, opening two new Indian offices. FML will open up offices in Lucknow and an associate office in Allahabad with Gaurav Bhatia, the sole partner in Bhatia & Co. Three of Bathia’s total of seven associates are expected to also join FML. FML managing partner Som Mandal […]

Fourth partner quits Cadwalader since summer cuts

Cadwalader Wickersham & Taft has suffered its fourth partner defection since it was forced to lay off 96 lawyers during the summer. New York partner Frank Serbaroli has joined Greenberg Traurig’s business practice group and will expand the firm’s healthcare practice in the city. Greenberg head of healthcare Harold Iselin said: “Frank is a valuable […]

Special report: Property

Real estate is one of the sectors worst affected by the economic downturn. But the difficulties of the market have inevitably brought new opportunities and challenges for real estate lawyers as they stick by their clients. On the face of it, real estate is one of the sectors worst affected by the economic downturn. But […]

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