- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Gibraltar regulator restructures amid surge in financial firm applications

This is the latest step in our approach to improving stakeholder engagement."

EFAMA welcomes proposed transitional period under Article 8 of the taxonomy

Financial undertakings' taxonomy disclosures cannot take effect at the same time as disclosures of investee-companies.

Why use a regulatory hosting umbrella?

This means that the unregulated firm can carry out regulated activities prior to obtaining direct authorisation by the FCA.

Hogan Lovells advises Commerzbank

The shareholders' meeting of Vonovia SE resolved a dividend payment of EUR 1.69 per share on 16 April 2021.

Santander pushes back at Which? over APP scam reimbursement rates

Many of the UK’s biggest banks and building societies are signed up a voluntary code, which is based on the principle that blameless victims of bank transfer scams should be reimbursed their losses.

New EU standard contractual clauses adopted: 18 month deadline to reassess international transfers of personal data from Europe

There will be a limited period of three months during which businesses can still enter into new contracts using the Old SCCs. However, these contracts will also need to be updated to the New EU SCCs within the 18-month period.

European Commission Clarifies Obligations of Financial Institutions as to Frozen Funds

The Commission, emphasizing the requirement to prevent a change that would enable the use of the funds

EU: New Standard Contractual Clauses – From theory to practice

Most large companies have complex webs of data transfers to hundreds, if not thousands, of overseas recipients, many of which will depend on SCCs.

Supporting smart contracts under English law: five key conclusions from our latest publication

It recently closed a call for evidence, to which Linklaters submitted its views.

"2L, or Not 2L, That Is the Question"

Facilities can be overcollateralized given that the borrowing base that lenders use to assess availability under a Facility often does not include all Investor commitments a Fund has access to, but the Security granted does extend to the right to call on

Ukraine parliament approves bill to jail officials for hiding wealth

That ruling has hobbled Ukraine's prospects of securing more IMF loans and prompted President Volodymyr Zelenskiy to suspend the head of the court.

UK guide on data transfer codes and certification anticipated

The legislation also provides for the endorsement of industry-drafted codes of conduct that are "intended to contribute to the proper application" of the law.

Woman facing jail after admitting £5m money laundering offences

Tara Hanlon was stopped as she tried to board a flight to Dubai in October 2020 with five suitcases containing more than £1.9m in sterling notes.

Carey Olsen wins China Business Law Award for dispute resolution

This latest recognition for Carey Olsen's Hong Kong and Singapore offices follows the firm winning two deal of the year awards from China Business Law Journal

Ashurst advises Warburg-HIH Invest on acquisition of office and administrative property development near Cologne

The parties agreed not to disclose the purchase price.

Linklaters advise TUI GROUP UK Pension Trust on c £800m double buy-in transaction with Legal & General

The Linklaters team was led by Carol Jones, a consultant in the pensions practice and included managing associates Sarah Opie and Elizabeth Forbes.

EU must address passporting 'urgently' as many expats denied advice

Stanfield pointed out there are different regimes in various countries across Europe but none of them offer the same, relatively easy, continuation options - and some offer, quite literally, nothing at all.

Rothschild hires Credit Suisse heavyweight to lead Midlands launch

Rothschild & Co has hired Credit Suisse’s head of ultra-high net worth in the UK to lead a new wealth team across the Midlands region.

Modernisation of the Luxembourg Securitisation Law

The Luxembourg Securitisation Law of March 2004 required an update.

EU to Force Multinationals to Report Revenue in Each Country

Rules apply to companies with revenue over 750 million euros

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