Managers of Wealth

London fights for its financial crown, but it will be a stretch

The EU has long resented the UK’s clout in financial services, and now Brexit has given it a chance to take the Square Mile down a peg

How is Brexit affecting UK employment rights?

There was a political backlash and considerable speculation that British workers were about to see a ‘bonfire of rights’, particularly in relation to working hours and holiday pay.

High Court rules on 'value' in post bankruptcy petition payments

This is an important and useful decision, finally giving a reported authority based on which insolvency practitioners can analyse the meaning of "value" when looking to see if payments made after a bankruptcy petition can be overturned for the b

Unexplained Wealth Orders in the UK: What Will This Year Bring?

It is inevitable that more UWOs will follow this year, and clarity about what they are and what they do is key to keeping both successes and setbacks in proper perspective.

Venezuelan tied to epic corruption case funneled millions into secretive Luxembourg companies

These Venezuelan defendants have been charged here because federal investigators have collected evidence showing they used the U.S. banking system and real estate market to hide their allegedly tainted assets.

US Beneficial Owner Disclosure Rule

A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th

Luxembourg: No Interest And Royalty Deduction For EU Non-Cooperative Tax Jurisdictions

The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.

Credit Suisse's Buries Mortgage Case for Good

The MBIA settlement comes just 12 weeks before Urs Rohner ends his tenure as chairman of Credit Suisse and Lloyds CEO Antonio Horta-Osório takes over.

Big Law Partners May Be Warming to Pricing Ideas They’ve Fought

But looking to the future, only 40% viewed lawyer resistance as a top challenge.

Taxes and support for the sports sector: new contract requirements for professional athletes and clubs

The tax provisions are valid for five years and can be extended for a further five years under certain conditions.

A Massachusetts trust company is adding billions of dollars with a secret weapon -- a Cayman Islands-style tax haven, also known as New Hampshire

Fiduciary Trust Company is sheltering billions of dollars in a Granite State subsidiary to take advantage of the state's low tax burden.

Luxembourg tax scandal may prompt EU action

The latest revelations about Luxembourg, spearheaded by the French Le Monde newspaper, comes from publicly-available but difficult-to-access data.

Finma on Blurred Lines of Payments, Banking

The Swiss regulator spent more than ten years following the 2008/09 crisis on capital, liquidity, and clean-up, she noted.

Key pain points of SMCR

In this episode, we would like to further explore the key pain points of the SMCR.

Goldilocks and the three pillars: how much capital is just right? - speech by Anna Sweeney

Speech given at the Westminster Business Forum

PIMFA calls on Government to include economic harm in Online Safety Bill as members report rise in increasingly sophisticated online scams

PIMFA and its members believe that, such is the extent of fraud, the only solution is to enshrine in law additional consumer protections that would tackle the growing threat from online fraudsters.

Legal,Regulation,Tax & Compliance