06/20/2012
Morgan Stanley looks to settle with nuns
Lawyers told a High Court judge in London that the bank had agreed a "provisional" settlement with investors.
Legal, Regulation & Compliance
06/20/2012
Maples to create 75 new Dublin jobs
This is as a result of growing demand for both its international legal services and the fiduciary and fund administration services provided by its affiliate, MaplesFS, it said.
06/19/2012
Royal Bank of Scotland Group - Approval of Cross-Border Merger
It is expected that the Demerger will be implemented shortly prior to the Merger and come into effect at 00:00 hrs on 9 July 2012.
06/19/2012
Liechtenstein Landesbank to Turn Over Client Names
Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).
06/19/2012
Vince Cable: RBS report recommends prosecution
The Sunday Telegraph understands that a detailed legal report prepared for Mr Cable found that there is “prosecutable evidence” which can be used to bring about the disqualifications.
06/19/2012
HNW Individuals Not Forced To Use Ring-fenced Banks Under UK Proposals
Last week, finance minister George Osborne said the government will introduce legislation as soon as possible to push ahead with the ring-fencing idea, designed to ward off the risk of future massive taxpayer bailouts of banks.
06/19/2012
SFO set to drop its Vincent Tchenguiz probe
The SFO is not expected to drop its investigation into Vincent’s younger brother Robert at this point.
06/19/2012
LG raids Bird & Bird to beef up banking ahead of merger
Israel is leaving a role as finance partner and UK-based co-head of Bird & Bird’s international corporate restructuring and insolvency group to join LG.
06/18/2012
Taxation of high value residential real estate
The consultation paper “Ensuring the fair taxation of residential property transactions” has been published by HM Treasury.
06/18/2012
A General Anti-Abuse Rule - By Withers Worldwide
The consultation document “A General Anti-Abuse Rule” has been published by HM Treasury.
06/18/2012
SNR Denton exodus continues with SH and KBH Kaanuun benefiting
The firm has picked up two more litigators following the recent hire of Andrew Myers from SNR Denton (11 June 2012), with contentious restructuring partner Elizabeth Elliott joining from the same firm and construction litigation partner Ron Nobbs moving f
06/15/2012
HMRC Target Buy to Let Landlords
The taskforces were launched as a result of the government’s £917 million spending review investment to tackle tax invasion, avoidance and fraud in 2011.
06/15/2012
France Plans Tax Changes to Raise 10 Billion Euros, Echos Says
Changes to the law will include higher inheritance taxes, an end to exemptions for payroll taxes on overtime the reestablishment of the wealth tax schedule and measures to reduce tax loopholes used by large companies, the newspaper said, without saying wh
06/15/2012
International law firm expands City capital markets practice
He was previously a partner at Vinson & Elkins LLP for six years
06/15/2012
CI law firm facilitates estate planning debate in Singapore
"We are well established in the Channel Islands and have been named the fastest growing offshore law firm - but as we are new to Singapore it has been mutually beneficial to facilitate debate and discussion around regional issues with industry leader
06/14/2012
UK firms are faced with a 'tsunami' of regulations
Firms must create a comprehensive regulatory environment to cater for Basel III and EBA Common Reporting deadlines of January 2013
06/14/2012
Ex-Fund Manager Sues Saying RBS Ignored Fraud Warnings
The complaint was filed in London in April and made available by the court last week.
06/14/2012
Trading house sues Barclays for £133m over Swedish deal
Barclays Bank is being sued for €164m (£133m) by an irate former client which claims the lender went behind its back and bought a company it was itself pursuing.
06/14/2012
Schulte Roth & Zabel adds leading transactional and private equity funds partner to London office
Mr. McNally provides advice on corporate transactional and private equity fund matters, including mergers and acquisitions, joint ventures, fund formation and financings. Mr. McNally trained at magic circle firm Slaughter and May.
06/14/2012
Law abiding British expats have nothing to fear from France’s trusts clampdown
A report in the British media that claims the 200,000 British expats in France are in a frenzy as they face a shock stealth tax on Friday has been questioned by the world’s largest independent financial advisory firm.