10/29/2012
Connaught specialist partner refuses to pay Connaught management fee
Connaught Income Fund Series 3 specialist partner
Legal, Regulation & Compliance
10/28/2012
HMRC woos divorcees for tax evasion tip-offs
“HMRC is under intense pressure from the Treasury to increase the tax yield for the Exchequer and they are increasingly resorting to unorthodox methods to get the job done, such as paying informers for tips that may lead to the opening of enquiries
10/28/2012
India, Spain sign tax avoidance agreement
The government's recent initiatives in revising tax treaties have helped the flow of information from foreign countries.
10/28/2012
Files on alleged AIB fraudster's luxury jet revealed in court
Mr Kallakis and his co-accused Alexander Williams are facing charges that they conspired to defraud AIB in Britain
10/28/2012
GDF Suez’s Belgian Units Accused of Tax Evasion
"It’s a conflict of legal interpretation."
10/28/2012
Court could force Barclays to release Libor emails
Lawyers for Guardian Care Homes are set to claim in court on Monday
10/28/2012
Bank of England's handling of financial crisis to be scrutinised in reports
Three reviews commissioned by central bank in May are due to be published this week
10/28/2012
FSA bans another adviser over Ucis failings
The firm advised 94 customers to invest over £12 million in UCIS.
10/28/2012
A&O and Bakers steer $1bn Turkish bond issue following Istanbul launches
Allen & Overy (A&O) and Baker & McKenzie have won roles advising on a major bond
10/25/2012
FSCS funding proposal lacks vision, logic and fairness - IMA
"The IMA proposes the use of a reserve policy and three year forecasts. If adopted, our model would provide greater certainty to firms about future levies, smooth exceptional claims and ensure the right person pays."
10/25/2012
FSA will have 'zero-tolerance' RDR exam stance
The FSA says it will have a “zero-tolerance” policy towards advisers
10/25/2012
French Deputies Approve 2013 Tax Barrage
The Socialist Party, the radical left and the ecology party voted in favour of the “courageous” text
10/25/2012
Nine More Banks Under Libor Rate-Fix Scrutiny
Lloyds Banking Group and eight other major banks have received subpoenas by the US state prosecutors as part of an investigation into alleged Libor manipulation, the Wall Street Journal reported.
10/25/2012
Magic circle firm considers move Down Under
The magic circle firm has spoken to several Australian partners in recent months about potential hires as it considers whether to launch a small M&A-focused offering in the country.
10/24/2012
FSA fines two firms over £250k for transaction reporting failures
The Financial Services Authority has fined two firms
10/24/2012
Treasury to implement all Wheatley's Libor recommendations
The Treasury has promised to implement all 10 of Martin Wheatley’s recommendations on reforming the submission and administration of Libor.
10/24/2012
King & Wood Mallesons secures hire of Bakers global private equity chief
He will make the move on 6 November.
10/24/2012
FundsNetwork reignites lobbying for bundled charging
A survey of 209 advisers on the platform said their opinion was driven by clients, who found bundled charges easier to understand. They also argued bundled funds were easier to use.
10/23/2012
Investors sue ABN Amro for missing Palm Invest money
Danny Klomp and Remco Voortman were found guilty of fraud, money laundering and embezzlement in 2010.
10/23/2012
Aviva to pay 80,000 property fund investors €25m in compensation
Concerns over a massive overdraft built up by the fund has forced Aviva to question how it was run and refund policy holders.