09/11/2012
Vatican hires Liechtenstein's former top anti-money laundering expert
For eight years he was the director of Liechtenstein's Financial Intelligence Unit, the department which gathers and analyses information used by police to combat money laundering, organized crime and the financing of terrorism.
09/10/2012
Financial services start-ups waited nearly six months for FSA approval in the first quarter of 2012, data obtained by Reynolds Porter Chamberlain has revealed.
09/10/2012
Freshfields Bruckhaus Deringer and Simmons & Simmons have both raided rival Anglo-Saxon firms for partners in Paris.
09/10/2012
China Gold is a new client for Linklaters, which has made a successful push to win outbound work originating in the country.
09/10/2012
Liechtenstein is currently considering the idea of concluding a withholding tax agreement with Germany, providing for an automatic exchange of tax information.
09/10/2012
The Investment Management Association (IMA) has called for the inter-bank borrowing rate Libor to be reformed and kept, rather than replaced with a new benchmark.
09/10/2012
“This is not the first time we have seen the impact on client money overlooked as part of a re-organisation. The fine imposed today should remind all firms of the critical importance we place on ensuring proper protection of client money at all time
09/10/2012
Cadwalader Adds Veteran Restructuring Attorney to London Office
He began his tenure at Linklaters as a trainee solicitor in 1999 before being promoted to associate solicitor in 2001.
09/09/2012
A trader accused of a $2.3 billion fraud at Swiss bank UBS was due to go on trial Monday in London in a case expected to once again put the supervision of bankers under the spotlight.
09/09/2012
The London-based legal battle between Russian oligarchs Roman Abramovich and Boris Berezovsky are highly attractive to London law firms who are expecting to pocket around £100 million in legal fees from the Russians and their thirst for British just
09/09/2012
Top bankers can currently be fined or banned by the Financial Services Authority (FSA), but the proposals would extend to a much wider proportion of the industry.
09/09/2012
Linklaters is on the hunt for a partner to join its real estate practice, leading to suggestions that management’s plans to shrink the department have gone too far, The Lawyer understands.
09/09/2012
French President François Hollande pledged on Sunday to honour his campaign promise of a 75 percent income tax on wealthy individuals as he unveiled a two-year economic recovery plan featuring strict budget targets and 20 billion euros in new taxes
09/08/2012
Royal Bank of Scotland could be fined up to £300m later this year to settle allegations traders sought to manipulate the libor interest rate, according to reports.
09/06/2012
“Tolerance of tax evaders, no matter how high up they are, is over”
09/06/2012
Late last month, Zurich-based Julius Baer said client data had been leaked. According to Swiss media, the data was then passed on to officials in North Rhine-Westphalia, a German state which has tapped leaked Swiss data before as part of efforts to hunt t
09/06/2012
The Financial Services Authority has issued a combined Consultation Paper and Discussion Paper that proposes a number of changes to the client money and custody assets regime for firms that undertake investment business.
09/06/2012
This joint consultation and discussion paper on the client assets regime: European Market Infrastructure Regulation
09/06/2012
The banking industry has come under fresh scrutiny after the Financial Services Authority ordered Barclays to overhaul its culture and its boardroom following the appointment of its new chief executive, Antony Jenkins.
09/06/2012
HSBC has appointed US firms Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown to the bank's global legal panel.