06/29/2017
Law firm Gillespie Macandrew sees profits take a dip
The firm, which also has offices in Glasgow and Perth, currently has 22 partners and 118 staff
Legal, Regulation & Compliance
06/29/2017
New reporting rules to increase burden on thousands of trusts
Advisers warn trustees will need to give HMRC details of assets
06/28/2017
PSC legislation is issued at the eleventh-hour
Useful government guidance can be found here and if you would like further information about these developments please contact Stephen Belling, Head of our Company Secretarial Team.
06/28/2017
Germany refuses to release Swiss spying suspect
The man was tasked with identifying German tax investigators who purchased CDs containing details of bank account holders in foreign tax havens such as Switzerland.
06/28/2017
Taylor Wessing UK PEP down while global profit approaches £100m
He added that the firm had invested considerably in tech during the year.
06/28/2017
Herbert Smith Freehills - Financial regulation update
FCA Asset Management Market Study: provisional view on UIL of a MIR on investment consultancy services
06/28/2017
UK watchdog throws out Qrops case against Hargreaves
The UK’s Financial Ombudsman Service (FOS) has rejected a complaint against Hargreaves Lansdown after a client accused the platform provider of unnecessarily delaying a transfer of his pension into a Qrops.
06/28/2017
Lawyers gear up to take Bank of Scotland and Barclays to court
This week the firm wrote to 'hundreds' of borrowers with whom it has been in touch, outlining plans to force the banks to rip up original contracts and charge a 'fair and reasonable' rate of interest on the loans.
06/28/2017
Ashurst partner profits jump despite sluggish start to the year
Ashurst promoted 19 of its associates to partner during the year. It has more than 400 partners and 1,200 lawyers working around the world.
06/28/2017
Hogan Lovells advises the Single Resolution Board on the two Italian banks
As a consequence, the winding up of the banks will take place under national Italian proceedings. With the approval of the European Commission the Italian government has subsequently decided to grant aid to facilitate the liquidation of Banca Popolare di
06/28/2017
Combining this year's promotions and new lateral talent, the Firm added 139 partners
Nearly 40% or 31 of the new promotions are women; a market-leading number for any law firm.
06/27/2017
Asset Management Study: how far will the FCA go?
The regulator clearly means business, flagging that the average active fund charges an annual management fee of 0.9%, compared to 0.15% for their passive counterparts.
06/27/2017
Making wealth managers ready as the MiFID II deadline approaches By Rodney Taylor, Profile Software
There are new and detailed requirements to ensure that any newly created product passes an approval process, an appropriateness test, and is fit for the intended target audience.
06/27/2017
Bank of England Tightens Credit Rules for Banks After Brexit Resilience
As is often the case in a standard environment, there are pockets of risks that warrant vigilance
06/27/2017
Super-agent Mendes in court over Falcao ‘tax evasion’
Falcao is but one of Mendes’ clients to run into trouble with Spain’s judiciary.
06/27/2017
German newspaper reveals secret FIFA report into Qatar 2022 corruption allegations
After repeated claims about corruption in the run-up to those votes, FIFA asked its then-chief ethics investigator Michael Garcia to compile a report into the bidding nations for both World Cup, which he produced in 2014.
06/27/2017
Google has been hit with a record-breaking €2.4 billion fine by the EU over its antitrust case
In a statement issued immediately after the ruling, Google said it "respectfully" disagreed and was considering whether to appeal.
06/27/2017
Fund managers await FCA report with trepidation
The FCA has already published an interim report.
06/27/2017
FCA funds study: six things Hargreaves Lansdown wants to see
The funds industry is twitching ahead the FCA study, with some reports suggesting fund firms could even face enforcement action.
06/27/2017
European supervisory authorities set out AML-CFT guidelines
The European Banking Authority, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority jointly published the guidelines.