09/14/2016
Bank Sues Former Execs Over Tax Deals
Germany’s Hypo-Vereinsbank earned a fortune from dubious tax deals until tax inspectors came knocking and forced the bank to pay almost €300 million in fines and repayments.
Legal, Regulation & Compliance
09/14/2016
Knights celebrates significant growth
Chester office leader, Sally Wightman said: “The last three years has seen Knights grow at a phenomenal rate - something we’re very proud of.
09/14/2016
Debevoise Launches Business Integrity Group
With the accelerating trend toward intricate and significant legal integrity risks, the time is right for a dedicated practice focused on sophisticated, commercially reasonable integrity advice.
09/13/2016
Bird & Bird moves to new office in London
The move is the culmination of a new build project commissioned in 2008.
09/13/2016
London Doubts Not Core to German Ruling on LSE, Minister Says
Shareholders of both companies have given their blessing to the deal, which would create a European mega-exchange that can better compete with giants in the U.S. and Asia.
09/13/2016
EU regulators dismiss OTC amendments
The European supervisory authorities also recommended that further clarity was needed regarding non-centrally cleared derivatives concluded by central counterparties that are not covered by this regulation.
09/13/2016
Debevoise Advises HarbourVest £1,015 Million Offer for SVG Capital
Tax advice was provided by London partners Matthew D. Saronson and Richard Ward, and associate Ceinwen Rees.
09/13/2016
Elian Acquisition Update
The transaction is expected to close as previously announced in September 2016.
09/13/2016
OJ – ITS on transitional measure for equity risk sub-module under Solvency II
The Official Journal of the European Union (OJ) has published an implementing regulation laying down implementing technical standards
09/13/2016
Swiss Supreme Court rules bank data can be sent to Dutch
The purpose of the double taxation agreement is to ensure a broad information exchange without encouraging "fishing expeditions"
09/13/2016
Singapore and Switzerland strengthen fintech co-operation
FINMA adds that it provides support to all financial innovators irrespective of whether they live in Switzerland or abroad.
09/13/2016
Banks Warned Not to Hurt Nordic Risk Case With Complex New Swap
Denmark’s financial watchdog is urging banks to think twice before resorting to capital relief instruments
09/12/2016
Petra Ecclestone's brother-in-law found dead at £3.5m mansion
Petra Ecclestone's brother-in-law has been found dead at his parents' home in Surrey
09/12/2016
Iran asks France to remove obstacles in banking ties
The Iranian bank governor, for his part, underscored the vitality of boosting bilateral banking relations and called such ties the prerequisite for enhancement of mutual economic cooperation.
09/12/2016
EU finance ministers to consider withholding Greece aid
The European Central Bank and the International Monetary Fund, Greece can receive financial assistance
09/12/2016
European infrastructure would benefit from a Guernsey AIFMD passport
Given Guernsey is already a third country, its attractiveness as a jurisdiction would increase due to the stability and security its unchanged status affords.
09/12/2016
Fund managers off hook
The regulator warned the City’s top stock pickers that it could intervene to boost competition.
09/12/2016
FCA lifts capital requirement for Aberdeen Asset Management
The Group's available capital remains comfortably above this new minimum requirement.
09/12/2016
Governors and Heads of Supervision announce progress in finalising post-crisis regulatory reforms
The GHOS endorsed the broad direction of the Committee's reforms.
09/12/2016
FCA to ‘steer away’ from fund manager fee cap
The final report on the study is due to be published next year.