04/24/2012
MPs to investigage rate swap mis-selling claims
Firms lost hundreds of thousands and even millions of pounds in costs they claim they were never warned about.
Legal, Regulation & Compliance
04/24/2012
Offshore share sharks who duped British investors jailed
Two men and a woman have been jailed for a fraud where more than £4 million was taken from private investors through share-pushing operations based in Spain and Ireland. Another man will be sentenced at a later date.
04/23/2012
Lawrence Graham promotes four lawyers to partnership
International business law firm Lawrence Graham will promote four London-based lawyers to its partnership on 1 May 2012.
04/23/2012
Firms confirm new compliance roles as regulatory deadline looms
Linklaters and Bird & Bird are among the first major firms to nominate new compliance officers, as the Solicitors Regulation Authority (SRA) has given UK law firms until 31 July to appoint someone to take responsibility for the firm's legal pract
04/23/2012
Scottish private client firm launches Glasgow base
The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.
04/23/2012
FSA cancels Kent-based IFA over RMAR non-submission
Move follows the cancellation of permissions of a number of advisers over failure to pay regulatory fees.
04/23/2012
British win more favourable tax deal terms
Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.
04/23/2012
Rogue trader Kerviel accuses SocGen of deceit
"We filed a complaint against Societe Generale today for obtaining a verdict under false pretences," David Koubbi, Kerviel's lawyer, told Europe 1 radio on Friday.
04/23/2012
SEC Charges British Twin Brothers Touting "Stock Picking Robot" in Internet Pump-and-Dump Scheme
The Securities and Exchange Commission today charged twin brothers from the U.K. with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme in which they touted a fake “stock picking robot” that purportedly i
04/23/2012
UK regulator loses UBS supervision test case
The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.
04/23/2012
Leading Irish law firm opens in the Cayman Islands
An Irish law firm has opened an office in the Cayman Islands.
04/23/2012
Italy rules out wealth tax, other new taxes
The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.
04/23/2012
City regulator fines former BoS banker
Peter Cummings, the man behind Bank of Scotland’s failed corporate bank, has been handed a “warning notice” and punitive fine by the Financial Services Authority.
04/20/2012
Income tax cap – update and frequently asked questions by Withers Worldwide
Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.
04/20/2012
New cookie regulations could mean big changes
New EU regulations mean we will soon all need to consent to being tracked on the web - Matt Warman says the potential effects on consumers and websites could be far-reaching.
04/19/2012
New UK Non-Dom Scheme Welcomed
The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.
04/19/2012
Liechtenstein, Austria Eye Withholding Tax Deal
Based on the model of the bilateral agreement recently signed with Switzerland, it is said that the planned new deal with Vaduz would also encompass undeclared investments held in Liechtenstein foundations.
04/19/2012
Lawrence Graham welcomes four lawyers to partnership
All four of the new partners are based in the firm’s London headquarters, although the firm promoted Monaco corporate lawyer Nathalie Tanzi to its partnership in February.
04/19/2012
Ex-UBS Trader Adoboli Wants Disciplinary Hearing Data, Laptop
Defense attorney Charles Sherrard said he wants to know "the nature of any interviews" from disciplinary hearing with Adoboli's co-workers on the Swiss bank's Delta One trading desk.
04/18/2012
Hedge fund chief faces FSA fine
In the case of two companies, the purchases accounted for more than 80 per cent of that day’s total volume in those shares.