04/11/2017
FCA revokes wealth manager's permissions over late payment
The decision followed an earlier warning it issued to the business in mid-February.
Legal, Regulation & Compliance
04/11/2017
The Brevan Howard injunction case - claiming confidentiality in investor documents
The judgment, which for obvious reasons contains limited specific detail, provides interesting commentary on the importance of asset managers being able to communicate with investors candidly even in the context of public interest journalism.
04/11/2017
Handelsbanken chairman says target of bribery probe, denies wrongdoing
I was notified of suspicion before being questioned. This may seem to be the wrong order of doing things, since it is only during the questioning that the prosecutor can obtain information and responses to key questions.
04/11/2017
Time to close down Gibraltar, major part of criminal network
A glance at the map immediately reveals the strategic value of the tiny territory, especially to an empire like Britain’s
04/11/2017
Four more banks named in bond price-fixing complaint
Who worked at three of the banks, has also been named as a defendant in the amended lawsuit.
04/11/2017
Award-winning litigation team attracts new talent
With all the uncertainty around Brexit we also have the advantage of being the only firm in the North East to offer contentious competition law.
04/10/2017
U.K. Green Bank Sale Can Proceed After Court Backs Macquarie
It was put up for sale last year as part of a drive to raise money from privatization.
04/10/2017
Barclays's Staley Draws U.S., U.K. Whistle-Blower Probes
Regulators review whether bank chief tried to unmask tipster
04/10/2017
I'm a fund manager and I got caught by £13k exit fees on my pension
A few companies removed exit fees entirely for all customers.
04/10/2017
AIG targets non-doms hit by inheritance tax change
AIG has been working on a solution and is now able to offer life cover to non-residents
04/10/2017
Money laundering client gets law firm director suspended
Both companies were dissolved before proceedings began.
04/10/2017
Lloyds to compensate fraud victims with £100m scheme
The bank said it will provide interim payments on a case-by-case basis to assist victims in financial difficulty
04/10/2017
FCA and PRA launch whistleblowing probe into Barclays boss Staley
The board immediately instructed an external law firm, Simmons & Simmons, to conduct a investigation into the matter
04/10/2017
Baker McKenzie sees London revenue up to £176m as profits leap
The London office has also seen a major boost in profitability, with profit for distribution among members up from £47.2m to £70m, a 48% increase.
04/10/2017
Brexit is making it cheap and attractive for Asian banks to expand business in London
"Sterling getting cheaper has been an attractive draw to the Asian investor, and with Brexit, the UK may reach out to Asia more as a trading partner."
04/10/2017
Director of company that 'misused' €66m co-owns pensions advice firm
The company was liquidated in 2011 after a High Court-appointed investigation by two Central Bank inspectors found "systemic and deliberate misuse" of clients' money.
04/10/2017
Jersey: The Advantages Of Jersey As A Corporate And Trust Domicile
These reasons are all compelling and have been applicable for many years
04/10/2017
LLP latest: Travers' top paid takes home £1.5m as Mishcon 'shares the love'
This figure in LLP accounts does not necessarily equate to the highest paid equity partner and can relate to 'golden handshakes' to retiring members.
04/10/2017
Redwood Bank revs up for launch
Redwood Bank will be headquartered in Letchworth, but it will also open a northern regional office in Warrington.
04/10/2017
Irish residents must declare accounts, assets and benefits outside of the State or face tax penalties
This is a freely disclosed tax default to Revenue, rather than it being discovered through an audit or investigation.