04/05/2019
Cyprus Ministry of Finance presents draft EU Anti-Tax Avoidance Directive
The draft legislation contains five anti-abuse measures relating to controlled foreign companies
Legal, Regulation & Compliance
04/04/2019
FSCS pays out £14m over failed property scheme advice
The FSCS received claims against five advice firms in relation to advice on the investment.
04/04/2019
Former UOB Banker Loses Racial Discrimination Claim
As there was no proof of discrimination, Smith's award is capped at 84,000 pounds ($110,000).
04/04/2019
Ogier advises on pre-Brexit Luxembourg dual listing of LSE-listed company
Thalassa is a diversified holding company which in 2018 sold its main operating asset, WGP Group, for $20m (purchased in 2011 for $1.35m) plus a potential $10m earnout; $6m of which has been earned, $1.2m has been received and $4.8m of which is due by 11
04/04/2019
Outlook for 2019: cross-border M&A and post-merger integration
Unfeasible expectations can dampen or even derail the transaction.
04/04/2019
Royal Court Varies Footballer's Pension Trust To Provide For His Children
Collas Crill acted for one of the applicants
04/04/2019
Appleby advises Tritax Big Box REIT on the acquisition
The transaction involved the acquisition of a number of BVI companies with due diligence and BVI acquisition mechanics being led by Isle of Man based corporate partner and head of Appleby’s BVI (GMT) team Kyle Sutherland and assisted by associate So
04/04/2019
Spain tells expats not to panic over Brexit
Madrid has issued an advice update to the expat community stating that there is a 21-month grace period during each the British living in the country will be considered a legal resident, even if they do not have the certificate.
04/03/2019
Financial Prey for the Populists
As the global wave of cross-border banking recedes, foreign banks are becoming easy targets for populist expropriation, especially in Central and Eastern Europe.
04/03/2019
EU warns of liquidity risks, financial disruption from no-deal Brexit
Speaking the day after the British Parliament failed again to agree on the way forward for Brexit, Dombrovskis said there was a “material risk” that Britain will leave the EU on April 12 without a divorce deal.
04/03/2019
Panama Papers Helps Recover More Than $1.2 Billion Around The World
French tax authorities have confirmed nearly $136 million has now been recovered – and that figure is expected to rise.
04/03/2019
Luxembourg law firm joins Harneys
M Partners have strong cross-border expertise, familiarity with the offshore environment, long standing client relationships and a common law approach.
04/03/2019
Quilter to buy 400 adviser-strong Lighthouse Group for £42m
Lighthouse, and Quilter’s advice business, Intrinsic, are highly complementary in structure and focus on delivering good customer outcomes.
04/03/2019
Carey Olsen support Apse Capital on latest Guernsey Private Investment Fund launch
The Carey Olsen team advising on the launch was led by partner Christopher Anderson, assisted by senior associate Matt Brehaut.
04/02/2019
JMW expands into capital with launch of a London office
The London office will be headed up by family law partner Catherine Thomas and business crime and regulatory partner Lee Adams
04/02/2019
Draghi says Sinn Féin Bill ‘could undermine financial stability’
Bill designed to protect homeowners is ‘no get-out-of-jail-free card’, says Pearse Doherty
04/02/2019
EU, Singapore Adopt Decision to Mutual Recognise Derivatives Venues
“The decisions adopted today will strengthen cross-border trading, enabling businesses in the EU and Singapore to access deeper pools of liquidity and hedge risks more efficiently,” said MAS Chairman Tharman Shanmugaratnam.
04/02/2019
UK watchdog to investigate handling of London Capital & Finance failure
The Board decided that the FCA should ask the Treasury to use its formal powers to direct the FCA to commission this review
04/02/2019
IBA completes transition of LIBOR to the waterfall methodology
Users of LIBOR should not rely on the continued publication of any LIBOR settings when developing transition or fall back plans.
04/02/2019
PROD: The rules you can’t ignore
Abbie Knight highlights why product governance rules introduced under MiFID II are so important for advisers