06/03/2020
Investors launch legal claim against two life insurance giants
After they lose life savings in ‘high risk fund mis-selling’ linked to LMIM
Legal, Regulation & Compliance
06/03/2020
The GAR100 recognise Withers' international arbitration group as a leading practice worldwide
The GAR100 list represents the most active and respected international arbitration practices in the world, and is based on detailed research to verify the quality of each team’s work.
06/03/2020
Don’t blame the executioner!
These were the questions considered by the High Court in the recent case of Adams v Options SIPP UK LLP.
06/03/2020
Corporate Insolvency and Governance Bill: A Jersey Perspective
Jersey creditors will already be aware of the statutory moratorium that protects debtors in an administration process from legal proceedings being commenced or continued.
06/03/2020
Increased substance requirements for Dutch financial service companies
All ‘relevant substance’ requirements will apply from 1 January 2021.
06/03/2020
Regulators May Punish Deutsche Bank for Its Jeffrey Epstein Ties
Banking regulators in New York have been investigating the German bank’s yearslong relationship with the disgraced financier.
06/03/2020
FCA to probe advisers' financial resilience amid Covid
In March the FCA said firms were able to use their capital buffers to support their going concern if needed in a seeming relaxation of its capital adequacy requirements.
06/02/2020
FCA bars high risk investment firms using fake ads
The FCA said the companies used social media to entice consumers into scams involving CFDs and in some cases customers were encouraged to take out credit to make payments and pressured into making increasingly large investments.
06/02/2020
Ogier advises J D Wetherspoon plc on £141m equity raise
The Ogier team was led by partner Richard Daggett, assisted by managing associate Alexander Curry and associate Alex Fisher.
06/02/2020
Trustees and Legal Professional Privilege
The Royal Court of Guernsey has recently considered the principles that apply to the creation of privileged documents when advice is obtained by trustees of a trust.
06/02/2020
Charles Stanley pauses financial planner hiring drive
The business has set target revenues of £350,000 per financial planner per annum, excluding investment management fees, as it looks to move the division into profitability.
06/02/2020
HMRC to go after company directors for furlough fraud
The taxman said it would hold directors "jointly and severally" liable for a penalty on the assumption "each partner is taken to know anything that any of the other partners knows".
06/02/2020
FCA slammed for Woodford complaint handling
Complaints Commissioner Antony Townsend also criticised the FCA for failing to signpost the Financial Ombudsman Service or Financial Services Compensation Scheme in relation to the lost pension fund.
06/02/2020
FCA update on test case of validity of business interruption claims and draft guidance for firms
FCA exercises power to remove passporting rights from Cypriot firms that used unauthorised celebrity endorsements
06/02/2020
FCA stops Montfort Intl from carrying out new pension business
Including where applications have not yet been submitted to product providers
06/02/2020
The Death of a Black Swan
A right to obtain an interlocutory injunction is not a cause of action.
06/02/2020
HMRC task forces collect £540 million in extra tax revenue
HMRC currently has over 200 active task forces focusing on sectors of the market where its intelligence suggests tax evasion and tax avoidance need addressing
06/01/2020
UK to extend Visa rights for Hong Kong’ers
Bonnie Glaser, Director, China power project at the Centre for Strategic and International Studies, said: “Ultimately we could see capital flight. We could see US businesses moving out of Hong Kong, expats leaving, and the end to Hong Kong as an int
06/01/2020
Curbing money laundering
SCB agreed to settle OFAC’s claim for $132m regarding 911 transactions worth around $133m to or through the United States in violation of Iranian Transactions and Sanctions Regulations (ITSR).
06/01/2020
Victory for fraud victim who took on HSBC
The client first contacted FTAdviser four days after she was the victim of a sophisticated APP scam.