02/10/2012
Individuals with money in offshore bank accounts who argue that their funds are a “gift” should collect evidence to support their claims, following the verdict in a high-profile court case this week, accountants have warned.
02/08/2012
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
02/08/2012
UBS Employee Tax-Evasion Probe Dropped by German Prosecutors
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
02/08/2012
Aima voices hedge fund concerns over Mifid II draft
The Alternative Investment Management Association (Aima), the global trade body, has aired its first public concerns about the update of Europe’s Markets in Financial Instruments Directive (Mifid), singling out the draft’s approach to third-co
02/07/2012
SJ Berwin is understood to have advised Duke Street, a longstanding client, fielding relationship partner Tim Wright, who also advised the group earlier this year on the sale of its investment in Deloro Stellite, a producer of alloy-based materials for ex
02/07/2012
London banker held in Cairo over alleged link to deadly riots
A Cairo airport official said Yasser el-Mallawany was set to fly to the United Arab Emirates on Sunday, but authorities barred him from leaving Egypt on orders from the country's attorney general.
02/06/2012
Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp.
02/06/2012
Britain's Financial Services Authority (FSA) regulator has started a formal enforcement probe against Swiss bank UBS over last year's $2 billion trading loss at UBS's London arm.
02/03/2012
Mr Adoboli pleaded not guilty to the charges and this means that an extended trial is likely.
02/02/2012
This week, meanwhile, the former UK CEO of J. C. Flowers, Ravi Sinha, was fined £2.87m and banned from working in UK finance for sending fake invoices to a company in which the private equity house had invested.
02/02/2012
Nicolas Sarkozy, French president, is planning to introduce a financial transactions tax, while François Hollande, his Socialist rival in presidential elections this spring, has made it clear he sees banks and finance to be at the heart of his coun
02/02/2012
A France-only levy is opposed by the country’s financial community and its feasibility has been questioned by the Bank of France.
01/30/2012
Richard Heis, joint administrator at KPMG, told The Telegraph: "The bar date is a unique feature of the special administration regime, allowing us to set a deadline for client claim submissions, which ultimately enables us to speed up the return of c
01/30/2012
Steele was given two concurrent 5½-year terms for conspiracy to commit fraud by false representation and conspiracy to use false instruments.
01/30/2012
Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.
01/27/2012
The tax “could penalize our asset management industry” by pushing professionals and transactions elsewhere if France acts alone, Jean-Pierre Jouyet, president of the Autorite des Marches Financiers, said in Paris today.
01/27/2012
Revenue at the UK LLP was £91.2m. That represents a rise of 8 per cent on 2009-10, when turnover was £84.4m. Operating profit also grew, from £29.4m in 2009-10 to £32.6m.
01/27/2012
Harneys recently acted as Cyprus counsel for JSC VTB Bank in a deal worth $500 million.
01/27/2012
PwC says E&Y tried to poach client bank
In the sober world of auditing, discretion is key.
01/26/2012
This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.