05/24/2018
Cayman to bring fight over BO to local courts
He said that under no circumstances would the Cayman government engage with any British officials that may seek to establish a public beneficial ownership register.
Legal, Regulation & Compliance
05/24/2018
European Wealth Wins US Approval For Newbridge Acquisition
On Friday it asked KPI to convert a proportion of its convertible facilities provided to European Wealth into shares in order to strengthen the group's balance sheet.
05/24/2018
Aviva admits it overcharged 50,000 customers
In a statement to Times Money, Aviva said that about 50,000 customers had been affected and that “the vast majority” had overpaid by £100 or less.
05/24/2018
HMT speech: CBI Annual Dinner 2018
The Chancellor of the Exchequer, Philip Hammond's speech at the Confederation of British Industry Annual Dinner 2018.
05/24/2018
French bank ordered to pay back German lender millions in massive tax fraud case
A committee of the German parliament estimated the cost to the public purse mounted as high as one billion euros before the practice was outlawed in 2012.
05/24/2018
Building Societies and the Future of Retail Banking
Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at Building societies annual conference 2018, Manchester.
05/24/2018
House of Lords paves way for OT public ownership registries
The amendment brought in the House of Commons at the end of April attracted strong criticism from the overseas territories governments, given that orders in council are only issued in extremely rare circumstances, typically involving the implementation of
05/24/2018
GDPR: Why everyone is freaking out over four letters | CNBC Reports
What’s all this talk about GDPR?
05/24/2018
A Dutch Treat? Some Lawyers See Netherlands as Next Class Action 'It' Spot
There are a number of reasons for lawyers representing plaintiffs and defendants to believe that Dutch courts could become an ideal overseas venue to resolve class action disputes. But uncertainties still abound.
05/23/2018
Isle of Man set for boost from Code of Conduct: Pickering
“Established for over 30 years the Life sector is a vital part of the Island’s economy and over 17% of GDP,” he said.
05/23/2018
Carey Olsen advises SVP on acquisition of Vita Group
The Carey Olsen team assisting SVP on the various corporate and finance aspects of the transaction included partner Nick Bullmore and counsel Dylan Wiltermuth from the firm's Cayman Islands office
05/23/2018
FCA puts robo advisors to the test...and finds them wanting
The first review looked at 7 firms offering automated online discretionary investment management.
05/22/2018
FCA: robo failing on suitability and clear charging
It added that some firms did not ask about clients knowledge and experience at all, falling foul of rules about on discovery.
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
05/22/2018
Nizar Al-Bassam Sues Deutsche Bank Over $4.7 Million Bonus
Banker says deferred compensation withheld after hiring probe
05/22/2018
Carey Olsen support Techemy Capital on ICO-focussed investment fund
The fund, which has been authorised under the Jersey Private Fund regime, has appointed Techemy Capital Limited as investment adviser and will invest in cryptographic token deal flow.
05/21/2018
Hawksford update on new fiscal rules introduced by HMRC
A careful review will need to be made of all structures with a UK connection and a UK tax filing requirement. It may also be necessary to revisit the original tax advice received as any errors or omissions will also be caught within these new rules.
05/21/2018
Mifid reforms spur companies seeking investors to bypass brokers
Requirement to charge for arranging ‘access’ leads some to ditch middlemen
05/21/2018
Rathbones ordered to compensate client for investment breach
In March 2017, Mr and Mrs B made official complaints to both their IFA and Rathbones.
05/21/2018
Crown Court dismisses Barclays Qatar charges
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014