03/22/2016
Ex-Leeds Utd MD David Haigh acquitted in Dubai on Twitter abuse charges
He expected Mr Haigh to return to the UK in two to three days.
Legal, Regulation & Compliance
03/22/2016
Disclosure of Beneficial Owners of Foreign Companies Holding UK Property
Whilst the main aim of the proposal is to tackle crime, corruption and money laundering it is quite likely that one of the aims is to collect beneficial ownership information so that the new rules in relation to UK Inheritance Tax for residential properti
03/22/2016
A cautionary tale during bonus season by Richard Sheldon, Appleby
This month many employers are currently going through the sometimes painful annual process of making bonus awards to tie in with year-end results.
03/22/2016
Banks warn of risks of ultra-loose policy
Some institutions increase consumer and international corporate lending to bolster margins
03/22/2016
Mifid II trading rules rewrite means ‘inevitable delays’
Michael McKee, the head of financial services regulation at global law firm DLA Piper, says the European Parliament’s rejection of three of the technical standards will be “of some concern to the industry”.
03/22/2016
Citigroup says being investigated in Germany over dividend trades
He said the bank did act as a settlement agent for clients' trades, but only supplied its infrastructure had no knowledge of the actual trades being carried out.
03/22/2016
Central Bank Fines Reinsurer €275,000
Dublin based reinsurer Arch Reinsurance Europe has been fined €275,000 by the Central Bank for breaches of the corporate governance code.
03/22/2016
Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures
Meanwhile, a new survey out today from executive search firm Wilkinson Partners and law firm Withers recorded a seven per cent increase in the number of female partners hired in the tax and private wealth sectors.
03/21/2016
BREXIT: Expats launch High Court action that could delay UK referendum
In their 2015 manifesto the Conservatives pledged to get rid of the rule, but the promised Votes for Life Bill has yet to materialise, despite pressure from campaigners.
03/21/2016
IBRC liquidators sue former Anglo chief
Campbell was a long-standing executive at Anglo, serving under chief executives Sean FitzPatrick and David Drumm.
03/21/2016
Asset managers cheer rejection of EU bond rules
It asked the European Securities and Markets Authority to revisit its proposed rules on displaying bond prices, which the fund industry had previously warned would have a “seismic” impact on fixed income liquidity.
03/21/2016
French court to decide if rogue Société Générale trader gets retrial
French investigators was to decide Monday whether Jérôme Kerviel has the right to a retrial over his conviction for gambling away 4.9 billion euros while working for French bank Société Générale.
03/21/2016
European arrest warrants secured for the five former traders who declined to appear at court hearing in January
The Serious Fraud Office has secured European arrest warrants for five former traders who declined to attend a court date earlier this year.
03/21/2016
SFO ends forex investigation
A parallel investigation in the US remains live.
03/18/2016
Convicted Libor trader Tom Hayes says he lost £1m of own savings
The agency is seeking at least £2.4m of bonuses he received at UBS and Citigroup.
03/18/2016
Mourant Ozannes advises on London City Airport acquisition
London City Airport handled over 4 million passengers in 2015. Its location close to Canary Wharf and the City of London and excellent transport links have helped make it a highly attractive UK infrastructure investment.
03/18/2016
SFO faces new test in ‘Euribor 5’ case
It suggests that the SFO is losing its appetite for risk
03/18/2016
ECB Urges Italy Banks Planning M&A to Target Strong Capital
The ECB is stepping up pressure on Italian banks to tackle an estimated 360 billion euros of troubled and defaulted loans that are undermining new lending and weighing on the economy.
03/18/2016
UBS Says European Court to Hear Challenge in French Tax Case
France ordered the bank in July 2014 to post a bond of 1.1 billion euros in connection with the probe. UBS disputed the legal basis for the bail and the method of calculation.
03/17/2016
Saudi ambassador sues Irish ‘fraudster’ for £25m
Mr Ryan’s business partner, Mohammed bin Abdulrahman al-Bisher, the Saudi Arabian ambassador to the United Arab Emirates, is suing him for the return of money he claims he paid into the businessman’s personal bank account.