07/07/2017
Rietumu Banka hit with heavy fine over laundering scheme in France
The defendants organized large-scale tax evasion through offshore companies located in tax havens.
Legal, Regulation & Compliance
07/07/2017
HSBC 'given licence for ring-fenced UK banking business'
The lender has reported that two-thirds of the positions have now been filled or are in the final stages of the recruitment process.
07/07/2017
Latvian bank fined heavily over laundering scheme in France
It was part of its business strategy in France
07/07/2017
Wake Up Call: Elite U.K. Firms Brush Off Brexit to Post Strong Results
Companies are showing increasing awareness and concern about the potential costs of shareholder activism
07/07/2017
New FCA guidance on tackling cyber crime
We should not be surprised by the FCA stressing the importance of cyber resilience.
07/06/2017
Herbert Smith Freehills - Financial regulation update
HMT response to consultation on creating a single financial guidance body
07/05/2017
Germany buys Panama Papers for $5.7m
The list of names included politicians, their families and close associates from around the world.
07/05/2017
EU markets directive to reshape global alternatives
This survey shows not only that a substantial amount of uncertainty remains but also that the industry is working hard to meet the January 2018 deadline.
07/05/2017
Ramon Vega’s asset management firm forced to refund £60k of fees
Vega Swiss has only paid part of that sum.
07/04/2017
Barclays defendants released on bail
The case relates to the actions of Barclays after the financial crash of 2008.
07/04/2017
Herbert Smith Freehills - MiFID II: FCA PS2 and CP6 on implementation
The FCA has published its second policy statement (PS2) on implementation of the recast Markets in Financial Instruments Directive (MiFID II) (PS17/14). PS2 sets out the FCA's final rules of most relevance to consumer
07/04/2017
Ogier in Luxembourg advises on £260 million acquisition of Soho's Ampersand Building
Partners Fabien Debroise and Bertrand Geradin led the Ogier teams in Luxembourg
07/04/2017
FCA publishes proposals on staff incentives and performance management in consumer credit firms
The FCA is consulting on a package of rules and guidance to help consumer credit firms identify and manage their risks effectively.
07/03/2017
Lodders merge with Birmingham based Divorce and Family Law Practice
Lodders has merged with one of Birmingham’s leading family and divorce legal practices, adding to its Midlands office network and taking a foothold in the city.
07/03/2017
Film scheme fraudsters ordered to repay over £2m
They were fraudulently underpinned by false documents, making them tax evasion.
07/03/2017
Ogier Jersey advises Workspace Group on the £158.7 million acquisition of City office building
Workspace, which provides flexible office space throughout London, purchased the building for £158.7 million.
07/02/2017
Investment consultants plan to fight UK competition probe
UK regulator rejects reforms proposed by Aon Hewitt, Willis Towers Watson and Mercer
06/30/2017
UK Litigation Funder Expands in US After Launch Last Year
At Therium's U.S. operations, Weisman joins CEO Eric Blinderman, who left Proskauer last year to launch the financier's American offshoot.
06/30/2017
FCA report offers light relief in City
Instead of imposing new regulations, a period of further consultation was announced.
06/30/2017
Asset managers ripping off customers is nothing new
The FCA’s report is a travesty that is bereft of remedies, writes Gina Miller