02/23/2017
Ex-KWM partners asked to cough up money for lawyers and support staff suffering undue hardship
It’s been revealed 288 former KWM EUME employees will be taking legal action over the firm’s demise.
Legal, Regulation & Compliance
02/23/2017
FCA and OSC sign Co-operation Agreement to support innovative businesses
The Agreement follows the creation of the FCA’s Innovation Hub in 2014 and OSC LaunchPad by the OSC in October 2016.
02/23/2017
Fieldfisher continues growth with launch in Amsterdam
The practice will initially focus on corporate, finance and insolvency, business structuring, commercial contracts, compliance and governance and corporate litigation.
02/23/2017
Ronan Daly Jermyn announces strategic alliance with Northern Ireland law firm John McKee
The move is designed to ensure that clients of both firms have access to the best legal advice across the entire island of Ireland.
02/23/2017
Guernsey – a ‘BEPS-compliant jurisdiction’
Guernsey is continuing to take steps to build on its position as a BEPS-compliant jurisdiction. A year ago the island established a base erosion and profit shifting (BEPS) working party to assess the OECD’s October 2015 BEPS Action Plans, as well a
02/23/2017
Appleby advises AshbyCapital on £217 million acquisition in London's Fitzrovia and subsequent refinancing
The acquisition included the purchase of units from Kaupthing ehf in two separate Jersey Property Unit Trusts.
02/23/2017
Advisers and FCA struggle with DB transfers
The FCA has this year published two key documents concerning DB transfers and suitability.
02/23/2017
UK response to today’s publication by the EBA of its final draft Regulatory Technical Standards on strong customer authentication and common and secure communication
Overall we feel that the RTS will only be successful by ensuring strong customer authentication that balances the essential requirement to protect customer data with a seamless customer experience that allows for the creation of innovative new services.
02/22/2017
U.K. managers back enhanced governance, stronger directive on fee disclosure
It also wants enhanced fund governance process
02/22/2017
Spanish princess’s husband gets six years over €6m tax fraud
She was accused of siphoning off money from a state-backed real estate company.
02/22/2017
Legal firms need to become ‘internationalised’, says Dublin chief of Eversheds Sutherland
“Clients are increasingly demanding that, so the combination in the US gives us that added ability to provide top-quality premium advice across the United States.”
02/22/2017
European Securities and Markets Authority Concerned About MiFID II Loopholes
ESMA requests the Commission to consider whether it should adopt any legislation that might further clarify the definitions and concepts in MiFID II
02/22/2017
FRC responds to Green Paper on Corporate Governance Reforms
The framework are growing and the FRC believes more needs to be done to win back public trust.
02/22/2017
Allen & Overy and Baker McKenzie invest in Northern Ireland legal innovation centre
Legal service is a knowledge-led business and technology is pivotal to everything we do
02/22/2017
Asset managers push back against UK rule change proposals
Chief among the regulator’s planned solutions was the creation of a single ‘all-in’ fee, to help investors better understand the cost of investing, including how much the fund pays to buy and sell investments.
02/21/2017
Former bank CEO tells court BoC was flush with funds in 2012
The former CEO said they made the request not because they needed the cash but because they did not want to use the group’s liquidity.
02/21/2017
Brooks Macdonald picked as DFM partner for Panacea Adviser
Coupled with the recent spotlight placed on DFM due diligence by the FCA.
02/21/2017
Business Property relief a benefit in family succession says Wilsons
The band, which sets out the level up to which no Inheritance Tax is applied on an inheritance.
02/21/2017
HSBC Boosts CEO Gulliver's Pay as Bank's Bonus Pool Drops 12%
He received 64 percent of his potential bonus, while he will also get a new long-term incentive that could be worth 4 million pounds for 2016 if all targets are met by 2019.
02/21/2017
Fund groups snub FCA’s all-in fee proposal
But asset managers, including passive specialist Vanguard and active fund group Old Mutual Global Investors.