05/16/2016
Norway Wealth Fund Will Seek to Join Class Action Against VW
The fund, which according to data compiled by Bloomberg owns 1.64 percent in Volkswagen, said it’s acting “to safeguard” its holding in the carmaker.
Legal, Regulation & Compliance
05/16/2016
London hedge fund faces £140m fine over corrupt payments
Investigators are also reportedly considering charges against the company’s former London boss Michael Cohen, who headed the office from the late 1990s to 2013, and Vanja Baros, Och-Ziff’s former Africa director.
05/16/2016
MFSA Warns that Alpha Capital Markets is Unauthorised in Malta
The company has allegedly been misleading investors by pretending to be regulated.
05/16/2016
China asks Britain for advice on creating financial super-regulator
The UK Treasury has lobbied hard to become China's partner of choice on a range of financial issue
05/16/2016
Proskauer Makes Real Estate Push In London With DLA Hire
Proskauer Rose has made a strategic play to capture work in London's burgeoning real estate market with the hire of DLA Piper's global co-chair of hospitality and leisure, Joanne Owen.
05/15/2016
Cyprus Needs An Anti-Money Laundering Champion
Back in 2012, organisational change and leadership expert Marina Theodotou and I co-authored a report for PwC entitled ‘Professional services: driving growth and jobs in Cyprus’.
05/13/2016
Former DeutscheBank broker sentenced to 4½ years for insider trading
Dodgson’s is the longest jail term ever imposed for insider trading in the UK topping the four years that the former head of Blue Index, a brokerage specialising in contracts-for-difference, received for the crime in 2012.
05/13/2016
Hargreaves Lansdown Founder Named in Panama Papers
One of the founders of Hargreaves Lansdown has been named in a leaked database of major offshore investors.
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.
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.