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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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Hogan Lovells closes $650m acquisition of two global Kodak businesses for KPP

Hogan Lovells has advised the trustees of the Kodak Pension Plan (KPP) on the implementation and completion of a comprehensive settlement of its claims against Eastman Kodak Company (EKC) and Kodak Ltd, its UK subsidiary. This included the acquisition of EKC’s Personalized Imaging (PI) and Document Imaging (DI) businesses, valued at $650m but acquired through […]

New law on property rights in Bosnia and Herzegovina

The Parliament of the Federation of Bosnia and Herzegovina has recently adopted the Law on Property Rights. The Law governs the acquisition, use, disposal, protection and termination of the right of ownership and other property-related rights… Click on the link below to read the rest of the Karanovic & Nikolic briefing.

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Accidental war on progress

In seeking to prevent tax avoidance, HMRC may restrict the development of UK professional services Tax avoidance is front-page news. Every week we see another story about multinationals reducing their corporation tax bills or the creative use of tax havens. The Government has now set its sights on limited liability partnerships (LLPs)as it considers some […]

Rich Davis joins DLA Piper’s corporate and finance practice as partner in Washington DC

DLA Piper has announced that Rich Davis has joined the law firm’s corporate and finance practice as a partner in the Washington DC office. With a focus on complex leveraged and specialty debt financings, Davis represents institutional lenders, including banks, finance companies, funds, and other institutional lenders, and borrowers in domestic and international finance transactions. […]

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