11/26/2012
Ashurst outpaces Linklaters in top client ranking
Magic circle firm Slaughter and May remains dominant in the rankings, advising 42 of the FTSE250
Legal, Regulation & Compliance
11/25/2012
'Double strike’ fear for RBS over Libor fines
The Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the Financial Services Authority and one from the US regulators on separate days.
11/25/2012
Travers takes top law firm prize at British Legal Awards 2012
Travers saw off competition from Berwin Leighton Paisner, Clifford Chance, Latham & Watkins, Mishcon de Reya and Olswang to scoop the coveted Law Firm of the Year award.
11/25/2012
UniCredit, Barclays Brontos Tax Case Is Moved to Bologna
Twenty individuals were indicted in June for their role in the alleged tax fraud.
11/25/2012
FSA fines UBS over trading scandal
The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.
11/25/2012
FPL Recommendations mark milestone for development of European Consolidated Tape
FPL releases recommended standards to enhance post-trade transparency for European equity markets
11/25/2012
Macfarlanes rehires top-rated private client partner from Speechlys
He will rejoin the firm in the first half of 2013, bringing the total number of private client partners at Macfarlanes up to 13.
11/22/2012
UBS reportedly nears £50m settlement following Kweku Adoboli fraud
UBS is reportedly nearing a settlement with regulators that could land it with a fine of up to £50m for failures that led to a $2.3bn (£1.4bn) rogue trading loss.
11/22/2012
BNP Paribas Warns Investment Trust Boards of Changing Role Under AIFMD
BNP Paribas is urging Investment Trust Boards to begin working through the challenges the rules present or risk a duplication of effort, needless complexity and possible breaches of fiduciary duty.
11/22/2012
Turcan Connell heads west with new Glasgow office
The office will be staffed by existing Turcan Connell lawyers and planners.
11/22/2012
BDO Sees Global Revenue Grow in 2012
At year end 2012, BDO provides services in 138 countries and there has been a significant rise in the number of partners and staff working in BDO
11/22/2012
Germany rejects landmark Swiss tax deal
The SBA takes note of this decision with regret
11/21/2012
Goodwin Procter boosts London team
"Ben's arrival is the latest piece of our London build, supporting our strategic plan and adding to our existing capability in funds, real estate and financial services regulatory work,"
11/21/2012
George Osborne is warned that mansion tax will punish hard-working Londoners
“Additional local property taxes would hit ordinary families and pensioners. "
11/21/2012
Tax avoidance schemes 'costs UK billions in lost revenue'
The National Audit Office said HMRC was dealing with a backlog of 41,000 cases
11/21/2012
Deutsche Bank’s Jain Declines Bundestag Libor Hearing
The Bundestag’s finance committee, which listed Jain as a witness in a Nov. 12 statement on its website, will hear representatives of banks and regulators on Nov. 28.
11/21/2012
UBS faces record fine following Kweku Adoboli fraud
UBS is braced for a record multi-million pound fine for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.
11/21/2012
Taxation of high value residential real estate – Help! What can we do now?
Consultation on the paper ‘Ensuring the fair taxation of residential property transactions’ has now closed and draft legislation is expected ‘on or before’ 11 December 2012.
11/21/2012
NTMA Alleges State Street Defrauded Irish Taxpayers Through Transition Management Services
The National Treasury Management Agency today accused State Street of defrauding Irish taxpayers of €3.2 million
11/20/2012
Bankers' Body Urged To Merge After Libor Loss
Britain's banking lobby group is under pressure to consider a merger with another trade body