04/29/2015
CYPRUS: Financial And Investment Law Changes
At the end of January 2015 a number of detailed amendments were made to Cyprus laws regulating the financial and investment sector to align them with EU legislation
Legal, Regulation & Compliance
04/29/2015
Trader linked to multi-million pound Ponzi scheme arrested
A currency trader linked to a Ponzi scheme worth tens of millions of pounds has been arrested
04/29/2015
Pensions advisers slapped with £100m FSCS levy
UK-based life and pensions advisers are going to be hit with an annual levy that will almost double what was forecast in the Financial Services Compensation Scheme’s plan and budget
04/29/2015
Three charged with insider dealing
The offences relate to trading in Logica PLC shares in May and June 2012.
04/28/2015
Porsche Officials Said Unlikely to Testify in Hedge-Fund Case
Hedge funds waging an uphill legal fight against Porsche Automobil Holding SE seemingly notched a victory when a court asked 21 people, including company officials, to testify.
04/28/2015
Trial of Deutsche Bank Co-CEO Fitschen looms
Jürgen Fitschen and four former executives of German lender Deutsche Bank are accused of falsely testifying in court
04/28/2015
Pinsent Masons team advises Arena Central Developments on HSBC move
HSBC will forward purchase the 210,000 sq ft 2 Arena Central in Birmingham, which will be the head office of HSBCs new UK ring-fenced bank serving personal and business customers
04/28/2015
Goodwin Procter Bolsters London Real Estate Practice
Goodwin’s Real Estate Capital Markets Practice represents numerous real estate investment managers
04/28/2015
Belvedere update: Guernsey FSC places three funds into administration
The three fund companies are all managed by Lancelot Management; a Guernsey registered collective investment schemes manager.
04/28/2015
Ex-Ecobank CEO Tanoh to Fight London Order Blocking Payouts
The London court set a hearing for May 1. Ecobank, which operates in 36 African countries, more than any other lender, is based in Togo’s capital, Lome.
04/27/2015
Swiss franc debtors march in Croatia, demand cen bank governor to resign
Thousands of Croatians holding loans denominated in Swiss francs took to the streets of Zagreb on Saturday, demanding local banks to restructure the debts and the central bank governor to step down for failing to take action.
04/27/2015
Fresh cuts to bank collateral may lead to capital controls
Greek banks are sailing in uncharted waters as they hope for a swift agreement between the government and its eurozone peers to lift the current uncertainty
04/27/2015
UK bank Barclays must face US fraud lawsuit tied to trading probe
The bank's share price slid 7.4 per cent on the day in June when New York
04/27/2015
Revolving doors: European hires as HSF recruits in Germany and Bird & Bird focuses on Denmark while Ogier hires from Kirkland
King & Wood Mallesons real estate team hire from Eversheds may have made the headlines last week, but there were plenty of notable hires elsewhere
04/27/2015
Litigation: crowdfunding
Could crowdfunding become a viable means of financing commercial litigation?
04/27/2015
HSBC, JPMorgan, Credit Agricole to fight EU charges at June hearing – sources
The European Commission accused the three banks in May last year of manipulating the Euribor interbank offered rate after they refused to settle a case five months earlier, unlike six other banks.
04/27/2015
UK asset management firms need to improve post-trade surveillance
The UK Financial Conduct Authority recommended, in February that asset management firms consider the frequency and quality of their training around market abuse
04/27/2015
Thousands of managers "may be breaching Swiss rules"
The firm estimates that it will require a minimum of €1 million a year for each independent asset manager to become registered independently
04/27/2015
EU Member States should benefit from the Capital Markets Union
The Capital Markets Union is an important instrument for increasing the amount of private and institutional investments in European businesses and infrastructure.
04/27/2015
Jersey opens the door to QROPs
The scheme manager must also undertake to inform HMRC if the scheme ever ceases to be a recognised overseas pension scheme and comply with any prescribed information requirements that fall on the scheme manager, including answering information notices and