Legal, Regulation & Compliance

02/10/2012

Offshore 'gifts' under HMRC scrutiny

Individuals with money in offshore bank accounts who argue that their funds are a “gift” should collect evidence to support their claims, following the verdict in a high-profile court case this week, accountants have warned.

02/08/2012

Aima voices hedge fund concerns over Mifid II draft

The Alternative Investment Management Association (Aima), the global trade body, has aired its first public concerns about the update of Europe’s Markets in Financial Instruments Directive (Mifid), singling out the draft’s approach to third-co

02/07/2012

Hogan Lovells and SJ Berwin advise on Parabis deal

SJ Berwin is understood to have advised Duke Street, a longstanding client, fielding relationship partner Tim Wright, who also advised the group earlier this year on the sale of its investment in Deloro Stellite, a producer of alloy-based materials for ex

02/02/2012

Market abuse: Is this a new era of FSA enforcement?

This week, meanwhile, the former UK CEO of J. C. Flowers, Ravi Sinha, was fined £2.87m and banned from working in UK finance for sending fake invoices to a company in which the private equity house had invested.

02/02/2012

London mayor pitches City to French

Nicolas Sarkozy, French president, is planning to introduce a financial transactions tax, while François Hollande, his Socialist rival in presidential elections this spring, has made it clear he sees banks and finance to be at the heart of his coun

01/30/2012

MF Global to return £778m to clients

Richard Heis, joint administrator at KPMG, told The Telegraph: "The bar date is a unique feature of the special administration regime, allowing us to set a deadline for client claim submissions, which ultimately enables us to speed up the return of c

01/30/2012

Baker Tilly International Revenues Grow 5 Percent

Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.

01/27/2012

Transaction tax may weaken French position - regulator

The tax “could penalize our asset management industry” by pushing professionals and transactions elsewhere if France acts alone, Jean-Pierre Jouyet, president of the Autorite des Marches Financiers, said in Paris today.