- Media & privacy
- Private Wealth
Shorter Reads
1 minute read
Published 2 May 2018
Rebel Conservative MPs have joined with the opposition to force the Government to impose beneficial ownership registers on the BVI, Cayman and Bermuda and other British Overseas Territories. This resurrects an initiative of David Cameron which Theresa May had put on the back-burner, but this U-turn by May demonstrates that the Government needs to save all its political capital for Brexit and is prey to random attacks on other issues. This is arguably bad law by a weak government, a constitutionally uncomfortable interference in the government of the BOTs, but the development is already being lauded by anti-corruption and some anti-poverty campaigners and those who take the other view, in defence of privacy, should take a moment to consider that this only extends offshore what now exists onshore in the EU and focus instead on how legitimate privacy and security can be protected within a world where the tide of transparency is unstoppable (Jersey, Guernsey, Isle of Man will be next).
Rebel Conservative MPs have joined with the opposition to force the Government to impose beneficial ownership registers on the BVI, Cayman and Bermuda and other British Overseas Territories. This resurrects an initiative of David Cameron which Theresa May had put on the back-burner, but this U-turn by May demonstrates that the Government needs to save all its political capital for Brexit and is prey to random attacks on other issues. This is arguably bad law by a weak government, a constitutionally uncomfortable interference in the government of the BOTs, but the development is already being lauded by anti-corruption and some anti-poverty campaigners and those who take the other view, in defence of privacy, should take a moment to consider that this only extends offshore what now exists onshore in the EU and focus instead on how legitimate privacy and security can be protected within a world where the tide of transparency is unstoppable (Jersey, Guernsey, Isle of Man will be next).
Need some more information? Make an enquiry below.
Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?
Subscribe to our articlesPlease note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
Close