04/09/2013
Study finds 40% of Harlequin investors want money back
Contractual completion dates for properties investors purchased through the £200m Harlequin Property scheme between 2008-10 were not met by two thirds of those surveyed
Legal, Regulation & Compliance
04/09/2013
BNP Paribas Securities Services is first European custodian to offer a class action service
As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.
04/08/2013
Credit Suisse, Julius Baer May Close Undeclared German Accounts
Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.
04/08/2013
Austria feels heat of EU's anti-bank-secrecy drive
The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.
04/08/2013
Lehman opposes settlement with German unit
Lehman Brothers has asked a US bankruptcy court judge to reject a "grossly inflated" proposed settlement
04/07/2013
EU finance tax will devastate the City and damage economies, reports warn
The full impact of the tax on financial transactions imposed by the European Union can be revealed today as two major studies uncover the costs to economic growth and business expansion.
04/07/2013
Hogan Lovells raises concerns for financial regulation after decision to abolish FSA
The Financial Services Authority was replaced by two new regulators: the Prudential Regulation Authority and the Financial Conduct Authority.
04/07/2013
Luxembourg 'open' to bank transparency, Luc Frieden
Luxembourg is known for its highly secretive banking sector
04/07/2013
Disgraced French budget minister lied to Swiss bank
A few months later Cahuzac changed the account into his name during a visit to Geneva
04/07/2013
Debevoise Names Two New International Counsel
Debevoise & Plimpton LLP is pleased to announce that Matthew Howard Getz and Jessica Gladstone have been named International Counsel to the firm
04/04/2013
Gibson Dunn recruits new London competition head in double OFT hire
will join the US firm's London office on 15 April as head of the competition practice.
04/04/2013
HMRC wins £60m Morgan Stanley tax avoidance battle
“This scheme was flagrant tax avoidance that provided finance to a FTSE 100 company that appeared cheap because the UK taxpayer was expected to pick up a £60m bill.”
04/04/2013
Bundesbank Probing Claims of Deutsche Bank Losses During Financial Crisis
Bundesbank is investigating claims that Deutsche Bank misvalued credit derivatives to hide losses
04/04/2013
Germany Urges Data on Offshore Tax Accounts to Be Surrendered
We assume and would welcome if the relevant documents are sent to the competent tax authorities
04/04/2013
Blackstone Profits From Regulation With Citigroup Deal
Regulators are overhauling the rules after the widespread use of the technique in the U.S. mortgage market contributed to the financial crisis by spreading risk from lenders to the so- called shadow banking sector.
04/03/2013
Stephenson Harwood and Freshfields advise on Prudential's £30m FSA fine
Prudential turned to Freshfields' head of financial institutions disputes for advice, while Stephenson Harwood's team acted for its chief executive.
04/02/2013
Winckworth Sherwood replaces senior and finance partners
Both previous finance partners resigned from their positions.
04/02/2013
Herbies adds Berlin to German expansion plan
The new base is not expected to open until later in the second quarter of 2013.
04/02/2013
James Hay sounds trail commission tax warning
HMRC is pushing ahead rapidly with the introduction of these changes.
04/02/2013
Finance firms hit with £560m in fraud fines since '07
Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007