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.
Legal, Regulation & Compliance
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.
06/14/2012
Sesame faces FSA complaint over UCIS 'mis-selling'
Sesame has until the middle of next week until an official complaint is made, Pruggmayer said. Read more: http://www.ifaonline.co.uk/ifaonline/news/2184326/sesame-fsa-complaint-ucis-mis-selling#ixzz1xly5od6S IFA Online - News, blogs and analysis for IFAs
06/14/2012
France backs stronger ECB role in bank surveillance
France wants the European Central Bank to have a stronger role in overseeing banks in the single currency bloc as part of a package of urgent reforms to increase financial stability in Europe, sources said on Wednesday.
06/13/2012
2,400 People Sign Up for Liechtenstein Tax Agreement
Both nations will sign a double taxation agreement Monday.
06/13/2012
Compliance officer fined £10k by FSA
Gregory White of Accendo Markets received the penalty for failing to meet FSA compliance requirements and for not exercising due skill, care and diligence.
06/12/2012
Herbert Smith avoids RBS's aspersions thanks to judge in Highland case
The Royal Bank of Scotland’s legal team was warned against trying to assign blame to the bank’s sacked lawyers at Herbert Smith when the taxpayer-backed institution failed to block a hedge fund from being able to sue it in a Texas court.
06/12/2012
Linklaters and White & Case land roles on Sberbanks $3.9bn Denizbank deal
Linklaters was retained to advise Russia’s largest bank on its acquisition of Turkish-based Denizbank from Belgium’s Dexia.
06/12/2012
Defunct day-trading group challenges FSA
The Financial Services Authority is seeking to fine Swift Trade and its successor company Canada Inc a near record £8m for what it alleges was “layering” – placing and cancelling multiple trade orders in order to move the price of
06/12/2012
Compliance group warns of FSA visits over fund switching
TCC client services director Ian Stott said advisers should expect visits from the Financial Services Authority (FSA) as it hones in on fund switching once it has finalised guidance on centralised investment propositions.