07/14/2020
Investment bank hits back at ‘mafia bond’ allegations
Funds that went to the criminal organisation were ‘minimal and insignificant part of total portfolio’
Legal, Regulation & Compliance
07/14/2020
UK advice firm loses permissions
After failing to pay overdue annual fees and levies
07/14/2020
FCA updated webpage on BI test case
The FCA has published calculation notes for the Financial Services Compensation Scheme (FSCS) final levy for 2020/21.
07/14/2020
58 foreigners bought Maltese passport without presenting birth certificate’
Karol Aquilina says this is testament to ‘fake due diligence’ in place
07/14/2020
Switzerland and Liechtenstein sign protocol of amendment to their double taxation agreement
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.
07/14/2020
Saudi company sues Natwest over ‘$5m scam’
It claims that after the payment was made, large amounts were subsequently transferred
07/14/2020
The UK economy is on track for its worst year in three centuries
The pandemic has worsened the baseline against which existing long-term pressures on fiscal sustainability will be felt, and has materially altered our assessment of future fiscal risks.
07/14/2020
SJP puts five funds on ‘watchlist’ after value assessment
UK & General Progressive and UK Growth, both managed by Majedie, had underperformed their benchmarks.
07/14/2020
Oatly gains momentum in its global plant-based movement and fuels expansion with a $200 million equity investment led by Blackstone Growth
The injection of capital will fund the company’s overall growth plans, which include expansion in current markets and new production plants and related jobs in Europe, the United States and Asia.
07/13/2020
CSSF FAQ on protection of investors in case of NAV calculation errors and investment breaches
The purpose of the Circular is to set out the minimum rules of conduct to be followed by collective investment professionals in Luxembourg
07/13/2020
FCA modification by consent of SUP10A.5.6R
The Companies (Shareholders’ Rights to Voting Confirmations) Regulations 2020 have been made.
07/13/2020
Marktplace and online platforms: new rules from the EU
The focus of the new regulation is the relationship between business users and online intermediation services (marketplaces) and search engines.
07/13/2020
Central banks expand their role to address the crisis
Far from being impotent, they have again been crucial actors in the pandemic
07/13/2020
Britain seeks to preserve UK lawyers’ access to EU market
Proposal opposed in Brussels, which says plan amounts to retaining existing rights
07/13/2020
Kobre & Kim, Robin Rathmell Receive Chambers Recognition for Financial Crime Involving HNWI’s
Of the firm’s services, one commentator told Chambers: “I have never seen such high-level work, strategic thinking and speed in a law firm.”
07/13/2020
HK and UK-based boutique targets international clients
It has taken over Strabens Hall’s business in the SAR and works closely with the firm in the UK.
07/13/2020
Monaco Yacht Show has been cancelled
30th Anniversary of Monaco Yacht Show now confirmed for September 2021.
07/13/2020
Jersey to tap staycation seekers as island re-opens borders
Now more than ever, we believe that visitors will value our pristine beaches, uninterrupted coastal paths, unique hospitality and big spirit.
07/13/2020
£1.5m legal bill forces rethink over McMafia wealth orders
The orders were the key measure in the Criminal Finances Act
07/13/2020
HMRC cracks down on furlough fraud with first arrest
The vast majority of employers will have used the CJRS responsibly, but we will not hesitate to act on reports of abuse of the scheme.