01/20/2021
LendingClub Receives Final Approval for its Acquisition of Radius Bank
LendingClub Bank will soon become a reality as the government issues final approval for the Radius Bank acquisition
Legal, Regulation & Compliance
01/19/2021
Stephenson Harwood advises Primonial REIM on real estate acquisition
The acquisition of this supermarket, which was previously held owned by a private individual, will strengthen Primonial REIM’s existing portfolio of shops.
01/19/2021
EBA observes an increase in the asset encumbrance ratio amidst extensive use of central bank facilities
In this context, the asset encumbrance ratio rose substantially in the first half of 2020.
01/19/2021
ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD
The draft ITS aim at further increasing comparability amongst conglomerates of different EU Member States thereby improving supervisory consistency.
01/19/2021
Carey Olsen remains out in front as leading legal adviser to Guernsey investment funds
The increase in Carey Olsen's market share is a reflection of the calibre and strength in depth of our funds team, the quality of relationships we hold with both clients and the onshore advisers who select Carey Olsen as well as the confidence that i
01/19/2021
More Traders Likely Face Charges in Danish Tax Investigations
Danish Prosecutors have three primary investigations into groups stretching from the U.S. to Malaysia that they say illegally claimed dividend tax refunds of around $2 billion.
01/19/2021
Can employers require employees to have a Covid vaccination?
We know that the Covid vaccines reduce but do not entirely eliminate the risk of catching Covid. It is hoped that the vaccines will also reduce the risk of transmitting Covid
01/19/2021
The winds of change: Implications in 2021 for IFCs
Beyond the US, geopolitics will continue to shape trade patterns with some adjustment in 2021, but not by too much.
01/19/2021
HSBC to shut 82 bank branches as customers shift online
The bank said the COVID-19 pandemic had emphasised the need for the changes - but had not "pushed it in a different direction".
01/19/2021
2021: What lies ahead in the world of data protection?
The best advice in this regard is to adopt a transparent and consistent approach, yet also being prudent and careful in light of issues that can arise with over-disclosure.
01/19/2021
Mandatory Disclosure Rules update in the Crown Dependencies
Following the UK repeal of DAC6.
01/19/2021
European bank dealmaking raises hopes for cross-border M&A
Average size of tie-ups between continent’s lenders hits highest level since 2008
01/18/2021
BT faces £600m lawsuit over 'historic overcharging'
BT is facing a class action lawsuit over claims it failed to compensate elderly customers who were overcharged for landlines for eight years.
01/18/2021
Carey Olsen advises Patron Capital on its latest European real estate fund
Carey Olsen partner Chris Griffin led the team, assisted by senior associate Sarah Townsend.
01/18/2021
Supreme Court Rejects Appeal to Overturn UK's First Unexplained Wealth Order
In 2018, Hajiyeva became the first person to receive a UWO under the new anti-money-laundering legislation introduced by the Criminal Finances Act 2017.
01/18/2021
Carey Olsen advises on merger of KPMG Channel Islands and KPMG Isle of Man
Carey Olsen has advised on the cross-border merger of KPMG Channel Islands and KPMG Isle of Man to form a single practice operating across the Crown Dependencies.
01/18/2021
Regulator prevents 12 advice firms from phoenixing in 2020
“In two other cases where we suspected phoenixing, conditions were placed on the approval of the firms to ensure that the new firm could not be used to facilitate the avoidance of liabilities.”
01/18/2021
Duff & Phelps opens Gibraltar office
Stoneman's experience includes handling complex, multi-jurisdictional restructuring and insolvency cases in the insurance, fintech and gaming sectors, as well as considerable experience working in compliance and capital raising engagements.
01/18/2021
FCA reminds firms to regularly review regulatory permissions
If you have a Part 4A permission, but have not carried on any regulated activities for 12 months or more and have no current plans to do so, please apply for cancellation using Connect.
01/18/2021
FCA clamps down on consumer investment harm
The proportion of pension scheme members who are recommended to transfer following advice has fallen from an average of 69% in October 2018 to 57% in March 2020.