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

Information Notice has brought clarity to industry's questions over investment into cannabis assets by Guernsey structures

The position taken by the States of Guernsey in relation to cannabis investment follows the approval by the Assembly in June 2019 that businesses can grow and process cannabis in Guernsey for medicinal uses.

Sweden opens door to resumption of bank dividends

Reasonable for profitable banks to pay out, says financial regulator

DWF launches Ethnic Minority Access Scheme with Aspiring Solicitors

Seema Bains, partner and head of diversity & inclusion leadership group at DWF, said: “We’ve developed the Ethnic Minority Access Scheme with Aspiring Solicitors to help increase the representation of Black, Asian and Minority Ethnic peopl

Are you preparing your first annual compliance statement?

It is time for trustees to send a first notification to the Competition and Markets Authority that they are complying with its investment consultancy and fiduciary management services order

Walkers (London) maintains top tier ranking

Walkers does not practise English law and instead works alongside leading international law firms to provide integrated offshore and onshore support.

Ministry launches appeal in panama papers case

Luxembourg’s finance ministry is appealing a verdict by the administrative tribunal which said in September that the tax office could not seek information about clients from lawyers involved in Panama Papers deals.

FCA commences High Court proceedings over unauthorised collective investment schemes

Mr Forster has given undertakings to the Court which have the effect of freezing his assets worldwide, pending judgment.

FCA launches court action after investors lose £30m+ in UCIS

The FCA has launched High Court proceedings against a company and two individuals over alleged links to care home investments which saw investors lose more than £30m.

FINMA publishes 2020 Risk Monitor

The year 2020 was clearly marked by the corona pandemic, which had a noticeable impact on the risk landscape in the financial industry.

FCA prohibitions highlight increasing focus on non-financial misconduct

These Final Notices confirm a trend we identified in our recent Top 10 Global Trends Regarding Investigations Involving Individuals: an increasing focus on non-financial misconduct.

Basel Committee publishes new details on global systemically important banks

In July 2018, the Committee concluded a review of the G-SIB framework and published a revised assessment methodology, which is expected to be implemented in member jurisdictions by 2022.

Film star’s widow faces £21m fine over alleged Spain tax fraud

‘It’s an important reminder that tax problems don’t die with you’

Financial Regulation Update

FCA Primary Market Bulletin No 31

A shock is in store for international divorcing couples

Explain why this is the case

HNWs increasingly making £1m+ charitable gifts in Wills

There is currently an estimated £10.1 billion funding shortfall within the charity sector due to Covid-19.

The Share Trading Obligation after Brexit: diverging ESMA and FCA approaches

ESMA has stated that EU investment firms will be able to trade sterling-quoted shares of European companies that are listed in London.

The export of artworks from Italy is made easier at last

Even though Italy still has one of the most stringent laws on the protection of national cultural heritage, such reform pushed it one step further towards the global art market.

UK companies will be forced to reveal environmental impact by 2025

Last year the Government adopted a commitment to ensure the UK is emissions net zero by 2050.

Ogier advises Valor Real Estate Partners on €1billion urban logistics joint venture

Partners Emily Haithwaite, Niamh Lalor and Katrina Edge led the Ogier Jersey team assisted by senior associate Tara Kapur.

Ogier advises PizzaExpress group on landmark restructuring

The use of the new restructuring plan procedure incorporating Jersey entities both at a holding and operational level reinforces Jersey's commercially minded and flexible corporate and finance regime.

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