Darwin (pictured) is replacing David Bradley as UK managing partner, with Bradley returning to full-time practice in the employment, pensions and benefits group.
The proposals, dubbed a ‘fraudster’s charter’, come as part of a radical shake-up of the Financial Services Compensation Scheme, the safety net which protects savers and investors.
Olenicoff sued UBS in 2008, accusing the bank of fraud, conspiracy and other charges in handling some US$200mil he kept in offshore accounts and claiming that UBS had wrongfully advised him that he did not have to report them to the IRS.
Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri
Tax rises for the wealthy are at the heart of the debate and if the left wins, France could become the country with the highest tax on the rich in the EU, and one of the most punishing in the world.
One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.
Dechert has opened an office in Almaty, Kazakhstan, with the hire of Chadbourne & Parke's attorneys there.
Alex Hope, the foreign exchange trader who hit the headlines after reports claimed he spent £200,000 in one night on a bar bill, has been arrested on suspicion of unauthorised trading.
Although the ombudsman said Standard Life was responsible for the error, Mr Hearn’s advisers were given enough information to realise it had happened and therefore could reasonably have mitigated any loss, according to the determination.
Last October, the governments of France, Belgium and Luxembourg reached agreement on the dismantling of Dexia.
Steven Francis, regulatory partner at RPC, said the high number of dawn raids is evidence of the FSA’s increased focus on more conspicuous and heavy-handed enforcement exercises since the start of the credit crunch.