10/30/2012
Libor Complaint Prompts Paris Prosecutors to Open Inquiry
Paris prosecutors opened a preliminary inquiry
Legal, Regulation & Compliance
10/30/2012
FSA sees rise in whistleblowing cases
‘Whistleblowing cases are becoming much more common and they can be hugely significant for companies; we have investigated cases where losses of up to £1 billion have been reported by a whistleblower.'
10/30/2012
Barclays hit by fresh US investigations
Barclays, already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.
10/30/2012
Targeting corporate wealth on divorce
The Court of Appeal has made a landmark ruling on spouses’ ability to break through complex structures to deliver a divorce settlement.
10/30/2012
Greek publisher in court over Swiss bank names
Greek prosecutors say the more than 2,000 Greek names were given to Greece’s government by French authorities.
10/30/2012
UK Law firm strengthens Private Client team
He has spent over six years working with high net worth individuals, honing his private client expertise.
10/29/2012
Connaught specialist partner refuses to pay Connaught management fee
Connaught Income Fund Series 3 specialist partner
10/28/2012
HMRC woos divorcees for tax evasion tip-offs
“HMRC is under intense pressure from the Treasury to increase the tax yield for the Exchequer and they are increasingly resorting to unorthodox methods to get the job done, such as paying informers for tips that may lead to the opening of enquiries
10/28/2012
India, Spain sign tax avoidance agreement
The government's recent initiatives in revising tax treaties have helped the flow of information from foreign countries.
10/28/2012
Files on alleged AIB fraudster's luxury jet revealed in court
Mr Kallakis and his co-accused Alexander Williams are facing charges that they conspired to defraud AIB in Britain
10/28/2012
GDF Suez’s Belgian Units Accused of Tax Evasion
"It’s a conflict of legal interpretation."
10/28/2012
Court could force Barclays to release Libor emails
Lawyers for Guardian Care Homes are set to claim in court on Monday
10/28/2012
Bank of England's handling of financial crisis to be scrutinised in reports
Three reviews commissioned by central bank in May are due to be published this week
10/28/2012
FSA bans another adviser over Ucis failings
The firm advised 94 customers to invest over £12 million in UCIS.
10/28/2012
A&O and Bakers steer $1bn Turkish bond issue following Istanbul launches
Allen & Overy (A&O) and Baker & McKenzie have won roles advising on a major bond
10/25/2012
FSCS funding proposal lacks vision, logic and fairness - IMA
"The IMA proposes the use of a reserve policy and three year forecasts. If adopted, our model would provide greater certainty to firms about future levies, smooth exceptional claims and ensure the right person pays."
10/25/2012
FSA will have 'zero-tolerance' RDR exam stance
The FSA says it will have a “zero-tolerance” policy towards advisers
10/25/2012
French Deputies Approve 2013 Tax Barrage
The Socialist Party, the radical left and the ecology party voted in favour of the “courageous” text
10/25/2012
Nine More Banks Under Libor Rate-Fix Scrutiny
Lloyds Banking Group and eight other major banks have received subpoenas by the US state prosecutors as part of an investigation into alleged Libor manipulation, the Wall Street Journal reported.
10/25/2012
Magic circle firm considers move Down Under
The magic circle firm has spoken to several Australian partners in recent months about potential hires as it considers whether to launch a small M&A-focused offering in the country.