Managers of Wealth

Transatlantic tensions over dirty money

The US and EU governments are unhappy with Brussels’ money laundering blacklist

Leading offshore law firm advised on two award winning transactions

Appleby advises on several of China Business Law Journal's 'Deal of the Year'

What Families Of Wealth Need To Know About The New Tax Law

Tony McEahern and Dan Terlep of Cresset explore five opportunities provided by the tax law changes and how they may be of benefit.

Australian watchdog finds widespread inappropriate advice at HSBC

The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.

Tax refunds are $11.5 billion behind our forecast: UBS

The economists, “with hesitance,” maintain their forecast for the additional $20 billion coming to households compared to last year by the end of May.

Why hiding wealth is now harder than ever for China's billionaires

China’s highest-paid movie star, Fan Bingbing, was ordered to pay more than $100 million in back taxes and fines in October after a months-long tax probe, sending a deep chill through the domestic film industry.

Appleby advised on 51 HKEX listings in 2018

Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange.

FCA fines asset managers for breaching competition law

The Financial Conduct Authority (FCA) has today issued a decision which finds that 3 asset management firms breached competition law. This is the FCA’s first formal decision under its competition enforcement powers.

Time to act – Luxembourg’s UBO Register coming into force

All of these registers are designed to contribute to global government efforts to increase financial and business transparency.

Standard Chartered sets aside $900m for fines in US and UK

Emerging markets bank says funds will be used for ‘previously disclosed investigations’

UBS CEO Says French Appeals Process to Take 'Several Years'

"The superficial nature of the verdict is astounding and does not even pretend to address the arguments we presented during the five weeks of the trial.

FCA Investigation – Hargreave Hale

We have co-operated fully with the FCA throughout its investigation and have provided comprehensive evidence and arguments to support our view that no infringement involving Hargreave Hale occurred.

US wealth manager Focus sees a bright future in Escala

The transaction is expected to close in the second quarter of 2019, subject to customary closing conditions.

Higgs & Johnson Commended as a Highly Acclaimed Firm by Chambers Global

The real estate team is highlighted by commentators as being “very responsive and thorough” and “able to deliver amazing results on seemingly impossible deadlines.

Net closing in on offshore companies and trusts

EU’s new economic substance requirements legislation targets tax transparency, fair taxation and compliance with anti-base erosion and profit shifting measures

UBS Hit With Record Penalty After Money-Laundering Conviction

Case hinged on UBS’s role in helping French clients hide money

UBS's 5.3b euro gamble in France tax case: deal or no deal?

The danger for UBS and financial prosecutors, but also other companies under investigation in France, comes down to the bet on going to court or pushing for a deal.

HSBC Sued For £150m Over Disney Tax Avoidance Scheme

It strived to take advantage of tax legislation that is designed to promote the film industry of the United Kingdom.

UBS's $6 Billion Gamble in France Tax Case: Deal or No Deal?

The danger for UBS and financial prosecutors, but also other companies under investigation in France, comes down to the bet on going to court or pushing for a deal.

PwC considered quitting Ineos over Monaco tax move

Sir Jim was ranked the richest person in the UK last year, with a fortune of £21bn. Currie and Reece each own 20% of the Ineos.

Legal,Regulation,Tax & Compliance