05/31/2020
Swiss accounts frozen in Vatican property deal probe
Vatican investigators are examining the Secretariat of State’s purchase of the building at 60 Sloane Avenue, London.
Legal, Regulation & Compliance
05/29/2020
Employment Law Bulletin: New SSP rules for government tracing initiative
This means that anyone who is advised to self-isolate through the initiative will be deemed as incapable of working and will qualify for SSP, even if they do not present any symptoms.
05/29/2020
Luxembourg Issues Guidance On DAC6 Tax Scheme Reporting
Member states' tax authorities are also required to exchange data on tax planning arrangements on an automatic basis.
05/29/2020
France: Draft guidelines on DAC 6 hallmarks published by tax authorities
All DAC 6 guidelines published for public consultation are enforceable as from the date they are issued and until their (possible) revision.
05/29/2020
Fund consolidator launches to buy up sub-scale mandates
Linear Asset Management is aiming to buy and merge sub scale mandates that have failed to grow over the years.
05/29/2020
Netherlands Mulling Tax System Overhaul
Policy options detailed in the report are intended to better align the taxation of workers, the self-employed, and retirees; tackle tax avoidance; and simplify the tax system.
05/28/2020
Corporate Insolvency and Governance Bill – major United Kingdom insolvency reforms proposed
Most fundamentally, the Bill introduces a debtor-in-possession insolvency procedure for the first time in English law.
05/28/2020
‘Leaks and rumours’: UK regulator flags perils of bankers working from home
“During this period, we encourage a particular focus on maintaining robust market surveillance and suspicious transaction and order reporting by relevant market participants.”
05/28/2020
Sweden’s Money Laundering Affair Brings Bankers Closer to Police
That makes it hard to catch clients who use multiple banks to launder cash.
05/28/2020
Corporate Insolvency and Governance Bill - What Does It Include?
Directors will also need to be carefully guided around the genuine prospects of a company being able to trade as a going concern where the mid to longer term impacts of the current circumstances may well remain uncertain.
05/28/2020
Ireland report: Governance in a time of lockdown
The assets of Irish CLOs have grown “rapidly” in recent years, the CBI says, from just €15 billion at the start of 2014 to €78 billion by March 2019.
05/28/2020
Getting ahead of the game – ensuring employment contracts are compliant
Focusing on this now will ensure the contract is both up to date and legally compliant in preparation for the time when businesses are in a position to recruit and expand.
05/28/2020
COVID-19: FCA allows individuals to carry over CPD to the following period
We expect most individuals will be able to continue completing CPD whilst on furlough or working from home.
05/28/2020
COVID-19: Governance - Changes to UK insolvency law undermine position of DB schemes and the PPF (UK)
Many of the proposed reforms could have been achieved with less radical amendments to the Insolvency Act 1986.
05/27/2020
EU Exit: High Court approves Lloyd’s Part VII strategy
Lloyd’s, in conjunction with market participants, will notify customers of the Part VII transfer
05/27/2020
COVID-19: EBA preliminary assessment - impact on EU banking sector
Banks have entered the COVID-19 crisis more capitalised and with better liquidity
05/27/2020
EU Exit: ECON opinion on recommendations on the negotiations for a new partnership with the UK
Recalls that passporting rights, which are based on mutual recognition and harmonised prudential rules and supervisory convergence in the internal market, will cease to apply between the EU and the UK
05/27/2020
Exit from Lockdown: Practical employment implications for CI businesses
As a central part of their preparations for lifting lockdown restrictions, businesses should focus on the views and concerns of their employees and speak to their staff about the options as well as any variations to contracts and policies.
05/27/2020
Listing UK Real Estate Investment Trusts (REITs) on The International Stock Exchange (TISE)
A UK REIT is exempt from UK corporation tax on both the income profits and capital gains derived from the REIT's UK qualifying property rental business.
05/27/2020
Access to data: A beneficiary’s privilege
The litigation concerns Taylor Wessing’s compliance with the claimants’ SARs.