05/24/2018
French bank ordered to pay back German lender millions in massive tax fraud case
A committee of the German parliament estimated the cost to the public purse mounted as high as one billion euros before the practice was outlawed in 2012.
Legal, Regulation & Compliance
05/24/2018
Building Societies and the Future of Retail Banking
Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at Building societies annual conference 2018, Manchester.
05/24/2018
House of Lords paves way for OT public ownership registries
The amendment brought in the House of Commons at the end of April attracted strong criticism from the overseas territories governments, given that orders in council are only issued in extremely rare circumstances, typically involving the implementation of
05/24/2018
GDPR: Why everyone is freaking out over four letters | CNBC Reports
What’s all this talk about GDPR?
05/24/2018
A Dutch Treat? Some Lawyers See Netherlands as Next Class Action 'It' Spot
There are a number of reasons for lawyers representing plaintiffs and defendants to believe that Dutch courts could become an ideal overseas venue to resolve class action disputes. But uncertainties still abound.
05/23/2018
Isle of Man set for boost from Code of Conduct: Pickering
“Established for over 30 years the Life sector is a vital part of the Island’s economy and over 17% of GDP,” he said.
05/23/2018
Carey Olsen advises SVP on acquisition of Vita Group
The Carey Olsen team assisting SVP on the various corporate and finance aspects of the transaction included partner Nick Bullmore and counsel Dylan Wiltermuth from the firm's Cayman Islands office
05/23/2018
FCA puts robo advisors to the test...and finds them wanting
The first review looked at 7 firms offering automated online discretionary investment management.
05/22/2018
FCA: robo failing on suitability and clear charging
It added that some firms did not ask about clients knowledge and experience at all, falling foul of rules about on discovery.
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
05/22/2018
Nizar Al-Bassam Sues Deutsche Bank Over $4.7 Million Bonus
Banker says deferred compensation withheld after hiring probe
05/22/2018
Carey Olsen support Techemy Capital on ICO-focussed investment fund
The fund, which has been authorised under the Jersey Private Fund regime, has appointed Techemy Capital Limited as investment adviser and will invest in cryptographic token deal flow.
05/21/2018
Hawksford update on new fiscal rules introduced by HMRC
A careful review will need to be made of all structures with a UK connection and a UK tax filing requirement. It may also be necessary to revisit the original tax advice received as any errors or omissions will also be caught within these new rules.
05/21/2018
Mifid reforms spur companies seeking investors to bypass brokers
Requirement to charge for arranging ‘access’ leads some to ditch middlemen
05/21/2018
Rathbones ordered to compensate client for investment breach
In March 2017, Mr and Mrs B made official complaints to both their IFA and Rathbones.
05/21/2018
Crown Court dismisses Barclays Qatar charges
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014
05/21/2018
Russian dirty money entering UK through BOTs, report says
To combat this corruption, the report says the UK Government must show stronger political leadership in ending the flow of dirty money into the UK.
05/21/2018
FCA bans adviser who used client cash to buy a business
The Financial Conduct Authority has today published a Decision Notice, which sets out its decision to ban Darren Lee Newton from working in any regulated activity in the financial services sector.
05/21/2018
Linklaters becomes first magic circle firm to secure Chinese law capability
Linklaters China head William Liu said: “Market shifts indicate that outbound work and high-end domestic transactions will become ever more important for our business.
05/18/2018
Ex-Barclays trader tells court being a bank VP is like working at McDonald's
Four former Barclays bankers and one Deutsche Bank employee each face one charge of conspiracy to defraud by dishonestly manipulating Brussels-based Euribor rates between 2005 and 2009.