11/28/2014
Ex-Rothschild expert is the latest to fall victim to wine hustle in £50,000 con
A leading wine merchant has become the latest victim of wine fraud after being conned out of vintage bottles worth £50,000.
Legal, Regulation & Compliance
11/28/2014
Vincent Tchenguiz launches £2.2bn legal action against Grant Thornton and Kaupthing
Follows collapsed Serious Fraud Office case against the property billionaire
11/28/2014
New London Reinsurer Sets Sights on Africa
One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.
11/28/2014
Advocate General decides EU bankers' bonus cap is valid
In the case of United Kingdom of Great Britain and Northern Ireland v European Parliament, Council of the European Union, the Advocate General set out his opinion that the Capital Requirements Directive, which sets a limit on financial sector bonuses via
11/28/2014
FIFA faces UK Fraud Office probe of World Cup bids
Fifa could face a criminal investigation in the UK after it emerged that the Serious Fraud Office is looking for evidence relating to the World Cup corruption probe.
11/28/2014
Hedge fund manager's ex-wife to get record divorce settlement
Jamie Cooper-Hohn, the ex-wife of Children’s Investment Fund Management UK founder Chris Hohn, is to receive $530m of the couple’s marital assets
11/27/2014
Anguilla issues alert over Venables' football fund
The Football Talent Fund backed by former England and Tottenham Hotspur manager Terry Venables is in trouble with regulators in the Caribbean.
11/27/2014
‘We have seen the potential pitfalls’: Ropes & Gray relocates to double office size due to City growth
Ropes & Gray is set to relocate to 1 New Ludgate, almost double its current office space, on the back of a rising headcount and expanding practice areas.
11/27/2014
New IOM Regime For Foreign Companies
The provisions of Part XI had been amended from time to time to legislate against perceived abuses by foreign companies.
11/27/2014
New UK investor visa measures could damage investment
Earlier this month the Home Office doubled the minimum threshold for a UK investor visa to £2m
11/27/2014
Central European private equity fund sues Poland for $600 mln over forced bank sale
The suit, lodged with the Arbitration Institute of the Stockholm Chamber of Commerce, is potentially embarrassing for Poland, which sees itself as a model of fair and impartial financial regulation in eastern Europe.
11/27/2014
Bankers need to be ‘better equipped’ - Dame Colette Bowe
Speaking at a one day symposium on the ‘Future of Banking as a Profession’ in London this Friday, Dame Colette Bowe, Chairman of the Banking Standards Review Council, will tell delegates from over 25 countries that equipping bankers to be true
11/26/2014
Swiss-based private banking arm to pay £10m over US charge
Will pay 12.5 million US dollars (£10 million) to settle regulators' charges that its private-banking business based in SwitzThe Securities and Exchange Commission said the private-banking unit failed to register with the SEC before provid
11/26/2014
Osborne to create ‘perfect storm’ for offshore assets
UK chancellor George Osborne is set to unleash a new strict liability rule and higher penalties to capture those with offshore assets who are ignoring their tax obligations
11/25/2014
Aviva says will compensate customers sold wrong annuities
British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.
11/25/2014
FCA communication warning in conflict of interest wealth review
The FCA found that there were weaknesses in the way firms monitor the way these products are used and communicated with consumers.
11/25/2014
Private Capital team scoops another award
"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."
11/25/2014
Lenders urge FCA to provide clarity on acceptable lending practices
The Intermediary Mortgage Lenders Association has urged the FCA to provide more clarity around acceptable lending practice under the MMR.
11/25/2014
International law firm expands into Luxembourg with five-partner office
This will service the requirements of clients in the Asset Management & Investment Funds and Financial Institutions sectors, particularly in relation to private funds formation, corporate structuring, UCITS, hedge funds, capital markets, banking, and
11/25/2014
U.S. prosecutors to interview London FX traders - sources
U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.