06/12/2015
Deutsche Bank raids 'related to tax evasion'
The allegations centre around so-called "dividend stripping"
Legal, Regulation & Compliance
06/12/2015
International law firm hires first US securities partners
This core offering differentiates the firm’s London-based regulatory and advisory capabilities for its investment banking clients, giving it deep insight into underwriters, both in terms of executing transactions and advising on US, UK and European
06/12/2015
International law firm seals full merger with one of Germany’s leading commercial law firms
The firm and its worldwide offices have over 4,000 people who provide services to the private and public sector and business and finance communities.
06/12/2015
Northern Trust Launches New SORP Reporting Solution
The latest development is aimed to support UK and Irish pension schemes
06/12/2015
Libyan factions reach pact to protect Goldman Sachs lawsuit
Two sides in power struggle for control of Libyan Investment Authority agree to appoint lawyers to take cases against Goldman and Societe Generale foward
06/12/2015
Mario Draghi denies ECB giving privileged information to hedge fund managers
European Central Bank (ECB) president Mario Draghi has denied accusations that one of ECB’s board members gave market-sensitive information hours before they were made public to select hedge fund managers and bankers
06/12/2015
European regulators battle with derivatives reporting
One of the biggest challenges encountered so far is that EMIR requires both counterparties to a trade
06/12/2015
IFAs need to get to grips with Mifid II now, warns consultant
Advisers need to get to grips with the EU’s Markets in Financial Instruments Directive (Mifid II) now in order to make sure their businesses are ready for its introduction in 2017
06/12/2015
Upper Tribunal holds offshore structure which created a VAT advantage not abusive
Those engaged in wholly or largely VAT exempt activities suffer irrecoverable VAT on the costs of bought in services such as advertising. Individual businesses or sectors may therefore need to consider the most VAT efficient structure to use.
06/11/2015
Calls for investment trusts to fall outside Mifid
Both the Association of Investment Companies and the Wealth Management Association are continuing to lobby in Europe
06/11/2015
Bashing all bankers is stupid - but too many are STILL behaving like crooks, writes STEPHEN GLOVER
Some argue so-called 'banker-bashing' has gone far enough, but there is 'no reason whatsoever to believe that they or the people who run them have changed their ways or turned over a new leaf', argues Stephen Glover
06/11/2015
Legal review into money laundering stalled despite watchdog probe
A long-awaited government review into the UK’s anti-money laundering laws has been delayed, despite the country being up for assessment by the international standard-setter.
06/11/2015
Carney to extend market abuse rules to fund managers
This is in response to a number of recent scandals, especially within the banking industry
06/11/2015
International law firm launches global alternative legal services business
The new global business will bring together the firm's Belfast office with its Australian Information Logistics team and its London-based Disputes Data Management service to create a global team of approximately 240 lawyers, legal assistants and tech
06/10/2015
Deutsche Bank Raided in Tax Probe
A Deutsche Bank spokesman said prosecutors hadn't brought forward any allegations against the bank's current staff in relation to Tuesday's events and declined to comment further.
06/10/2015
Serious Fraud Office actively reviewing material on US action against Fifa
The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption
06/10/2015
Belgium to Block ‘Vulture’ Funds From Profiting on Government Debt
Motion would affect funds that snapped up government debt at rock-bottom prices from countries teetering on the brink of default
06/10/2015
The Gibraltar FSC signs MoU with the Guernsey FSC
The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.
06/10/2015
Wealthy ex-wife settles for £1.6m after judge warns on legal costs
A wealthy property developer's wife is to receive over £1.6m in a settlement worked out after a judge urged the couple to spend no more money on their divorce battle after legal costs reached a "crazy" and "absolutely barmy"
06/10/2015
AO Hall and Maitland Chambers host first cyber-currencies conference in Guernsey
AO Hall and Maitland Chambers are hosting Guernsey's first-ever dedicated conference on digital currencies.