05/13/2016
Anti-corruption lesson from the hub of illicit money
British Prime Minister Cameron cited certain developing countries as the most corrupt based on a recent index.
Legal, Regulation & Compliance
05/13/2016
FCA must protect consumers from vertically integrated firms
That’s a real concern, I’m hoping when Andrew Bailey comes in to the FCA this sort of model – which is based on reducing competition in the market – looks at it.
05/13/2016
Notification Injunctions - a new tool for asset preservation? - Appleby
Plaintiffs often seek freezing orders to prevent defendants taking steps to thwart the enforcement of their judgments. However, a plaintiff can sometimes struggle to prove a real risk of dissipation or to provide very substantial security to fortify a cro
05/13/2016
Investment banker jailed 4.5 years for insider dealing
Martyn Dodgson, a former Deutsche Bank managing director, has received the longest ever prison sentence for insider dealing.
05/13/2016
FCA Tells Wealth Advisers To Up Their Game
The Financial Conduct Authority is preparing to visit a number of wealth managers later this year to check they are making progress after the regulator found major failings in suitability standards.
05/13/2016
FCA fines and bans Towry man for insider trading
Mark Steward, Director of Enforcement and Market Oversight at the FCA said: 'There can be no let-up in tackling insider dealing and this case shows the consequences will be grave and serious ones for perpetrators, even in small cases like this one.&#
05/13/2016
ING Sued by London Trader Over Racism, Whistleblowing Claims
Compensation at London’s employment tribunals is capped at about 80,000 pounds ($115,500) unless claimants can prove they were victims of discrimination, or were fired for whistle-blowing.
05/13/2016
Hungary seeks rapprochement with bruised foreign investors
That strategy was achieved largely through the nationalisation of compulsory private pension funds and targeted taxation, often at the expense of foreign investors who have complained of punitive taxes on some industries and unpredictable regulation.
05/12/2016
FCA speech on misconduct and enforcement decision-making
Mark Steward, Director of Enforcement and Market Oversight at the FCA, has given a speech.
05/12/2016
U.K. Defends Conviction Rate After $20 Million Insider-Trading Case
The probe involved bankers at some of the world’s most prestigious firms, and sent shockwaves through the industry when seven men were arrested in a series of dawn raids in 2010.
05/12/2016
Beneficial ownership: the good, the bad, and the geeky
Discussions quietly began the over how Jersey might introduce a public register.
05/12/2016
Law Firm Combines Four Specialist Teams
When complete it will have more than 40 partners and nearly 500 staff in 15 locations across the UK including Southampton.
05/12/2016
Unfair Tipping Practices by Chris Weaver and Orla Bingham, Payne Hicks Beach
Unfair practices included employers charging an administration fee for handling discretionary payments for service or even keeping these payments from workers in their entirety.
05/12/2016
Legal Comments: corporate corruption and a property beneficial ownership register by John Milner, Head of Business Crime and Fraud,IBB Solicitors
For many international property owners, this type of ownership affords protection against the less than legitimate regimes of the countries from which they originate.
05/12/2016
Wake up call for charities – the common reporting standard is here - Withers
Although the Common Reporting Standard (CRS) catches charities in its due diligence and reporting net, its potentially onerous impact remains largely unrecognised by the charities sector.
05/12/2016
Ex-Barclays banker revealed as pleading guilty to Libor rigging
Court lifts order restricting plea during trial of five others for manipulating benchmark for pricing financial transactions worldwide
05/12/2016
Russian Trust Bank’s $85 million claim against Edenbury trading ltd to be heard in July
Besides, on May 30 a court of appeals will examine a complaint submitted by a Cypriot frim TIB Investments Limited against a court ruling ordering it to pay 1,996 billion rubles (about $30.5 mln) in favor of the bank.
05/12/2016
UK tipped off over Swiss bank years before US exposed tax fraud
The banking secrecy techniques revealed in internal BSI documents seen by the FT offer the latest glimpse of how bankers in the City have helped clients move money around the world incognito.
05/11/2016
Debevoise Advises Rexel in the Placement of €650 Million Senior Notes
They are being offered exclusively to investors outside the United States and are expected to be listed on the Luxembourg Stock Exchange.
05/11/2016
Draghi Cast as Cash Conspirator Foreshadows German Clash on Exit
The skirmish could augur bigger battles to come, as the gradual healing of the euro-area economy will one day justify a winding down of the unprecedented stimulus measures that the ECB has thrown at it during Draghi’s four years in charge.