11/20/2020
A tax-evasion scandal draws in Hamburg’s elites
Four bankers with M.M. Warburg are accused of grave tax evasion through “cum-ex” transactions
Legal, Regulation & Compliance
11/20/2020
UK unveils National Cyber Force of hackers to target foes digitally
New unit aims to disrupt online activities of hostile states, terror groups and paedophiles
11/20/2020
Central Bank publishes findings from its fitness and probity thematic inspections
The inspections took place after a Dear CEO letter was issued by the Central Bank to all Firms in April 2019 (the “2019 Letter”) identifying a number of areas where Firm compliance with obligations under the F&P Regime was found to be lack
11/20/2020
Swiss Prosecutors to End Magnitsky Case as Browder Calls Foul
Firm accuses authorities of giving in to Russian pressure
11/20/2020
Timing critical in post-covid distressed M&A deals
There are many reasons for an acquisition's success, but one of the most important when acquiring a company in financial trouble is the timing of the deal, and what stage the company has reached in insolvency proceedings.
11/20/2020
Austria: SAC rules third-country insurers and pension funds entitled to dividend WHT refund
The supremacy of EU law requires the non-discriminatory treatment of third-country investors
11/20/2020
MTG wins British Legal Awards Private Client Team of the Year
Hosted virtually by Richard E Grant, MTG fought off stiff competition to be awarded Private Client Team of the Year.
11/20/2020
Portugal an attractive option for South Africans looking for visa-free travel to
By mid-2020, over 8 736 residence permits were issued since the start of the programme, equating to 14 936 residence permits if the family members of the main applicant were included.
11/20/2020
Judge rules trustees are required to top-up historic cash equivalent transfer values in 2nd Lloyds judgment
This is another landmark ruling which is likely to affect every DB scheme in the UK that provides GMPs accrued between 17 May 1990 and 5 April 1997.
11/19/2020
FCA warns firms to be responsible when handling client data
Data protection legislation applies to data controllers such as firms, compliance consultants, insolvency practitioners and liquidators.
11/19/2020
The financial (in)security of a mistress on the death of her benefactor - a high profile case in Hong Kong
The deceased had a wife and children as well as another mistress with whom he had children.
11/19/2020
Proposed CGT changes likely to hit divorcing couples hard says law firm
CGT can arise when certain assets are either sold or transferred between parties
11/19/2020
Deutsche Börse acquires ISS
Deutsche Börse AG is to acquire a majority (80 per cent) holding in Institutional Shareholder Services (ISS) in a deal that values the whole business at USD2,275 million (EUR1,925 million).
11/19/2020
Appleby Partner Garry Manley Receives Citywealth IFC Lawyer Of The Year Award
Appleby partner Garry Manley has received a silver award for “IFC Lawyer of the year, partner” at the Citywealth Future Leaders Awards 2020.
11/19/2020
Economic substance matters for investors
“Quality of service providers and substance on the ground is one of the absolute major key factors, or should be, in domicile choice,” said Kate Storey.
11/18/2020
BearingPoint unveils 'RegTech Factory'
The UK banking industry is very complex and diverse, with 58,000 firms impacted by financial regulations
11/18/2020
FCA consults on new benchmarks powers
The exercise of these powers would be subject to a decision by IBA to cease publication of LIBOR as the conclusion of its consultation.
11/18/2020
Ireland Update: Winds of Change for Whistleblowing
The definition of relevant wrongdoings will be broadened to include breaches of financial services regulations
11/18/2020
FCA register set for 62-hour blackout
Under the Senior Managers and Certification Regime firms are required to submit data to be published as part of a directory of certified and assessed persons on the register.
11/18/2020
Belgium’s biggest banks propose system to share suspected money laundering information
The proposal was made at a Belgian parliamentary hearing held in response to the FinCEN Files investigation.