11/27/2015
Four Belfast KPMG partners arrested in HMRC tax evasion probe
Four partners in the Belfast office of international accountancy firm KPMG have been arrested on suspicion of tax evasion.
Legal, Regulation & Compliance
11/27/2015
Delegated Act for Bermuda Solvency II Equivalence published
The EU Parliament has three months to provide objections (with a possible extension of a further three months)
11/27/2015
Fitch: Italian Resolution Approach is Costly for Banking Sector
The resolution plan approved by the European Commission for four failed local banks on 22 November 2015 will be costly for Italy’s banking sector, says Fitch Ratings.
11/26/2015
Profile: why Tcam's bosses bought themselves out of Turcan Connell
Last month, the duo led a management buyout of Turcan Connell Asset Management that received the backing of renowned hedge fund manager Crispin Odey.
11/26/2015
FCA fines Barclays for poor handling of financial crime risks
The failings relate to a £1.88 billion pound transaction (Transaction) that Barclays arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients. The clients involved were politically exposed persons (PEPs) and should therefo
11/26/2015
Leading law firms merge as quest for legal market domination continues
It combines complementary expertise of two leading law firms to create a market-leading client-focused business
11/26/2015
Gleiss Lutz appoints new managing partners
In addition to their management duties, Michael Arnold and Alexander Schwarz will both continue to be fully involved in regular casework.
11/26/2015
Maclays plays down rumours of merger with Addleshaw Goddard
MMS also played down the rumours.
11/26/2015
Dubai hedge fund 'to close' amid suspicions of Danish tax fraud
A three-month hunt was launched this summer and already around $250 million of assets has been seized in raids in the UK, the Wall Street Journal said.
11/26/2015
Largest law firm in the world continues international expansion with Luxembourg tie-up
It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.
11/26/2015
Dechert expands M&A Team
He focuses his practice on corporate finance matters, with an emphasis on public and private M&A, takeover bids and international capital markets, most notably equity capital markets
11/26/2015
Redundancy whispers in UBS’s London M&A team as recruiters warn lack of mid-ranking jobs
Is UBS about to quietly part company with some of its mid and senior-ranking M&A bankers?
11/26/2015
Dealmakers Advise on £45M Atom Bank Investment
The deal brings total funds raised by Atom to £135m in the 18 months since the founding team came together.
11/25/2015
European PE Managers’ Bid to Raise Disclosure Standards
Trade body Invest Europe has brought out fresh guidelines for its members to improve transparency in the private equity sector.
11/25/2015
Greek shipowners talk up their role to protect tax breaks
The magnates who run one of the biggest merchant marine fleets in the world have long argued that if Greece tried to tax them
11/25/2015
EBRD to become 30 per cent shareholder in Raiffeisen Bank Aval
Bank to sign new capital in leading Ukrainian universal bank
11/24/2015
Challenger banks angry with CMA proposals
It comes after the CMA published provisional findings of its probe into the banking industry in October.
11/24/2015
Russia central bank withdraws licences from four banks
The four were Moscow-based Baltica Bank, Svyaznoy Bank and Nota-Bank, and Samara-based Ipozembank.
11/24/2015
HMRC to launch consultation on extending PSC register
Update - HMRC has announced that it will launch a consultation on extending the PSC register to include information on controlling persons in non-UK companies investing in high value UK property. The level of detail to be held is unclear at present.
11/24/2015
LPAs, authorising use of discretionary investment management -Withers
The most significant change to the guidance is the addition (on page 28) of suggested wording for inclusion in a financial LPA where the donor wishes to authorise attorneys to delegate investment management decisions to a discretionary investment manager