Managers of Wealth

“Magnitsky-style” human rights sanctions now in the UK Overseas Territories

The activities could be carried out by a State or non-State actor.

Majority Ruling of UK Supreme Court Sheds Light on Questions Concerning Law of Arbitration Agreements

A recent judgment of the UK Supreme Court has fortunately provided some clarity on this issue.

Cross-border enforcement of Judgments and Brexit

There are some transitional provisions for court proceedings started before 1 January 2021 by which the above principle will continue to apply as between the UK and the EU.

Future Market Dynamics Part 3 – data sharing, trust and a world of choice

Data can have the characteristics of a public good – it creates benefits for society as a whole and those benefits increase the more data is used and the more widely it is dispersed.

Pillar Two blueprint on a global minimum tax issued

Payments made to or by individuals are not within scope.

Pillar One blueprint on nexus, profit allocation challenges of digitalization issued

The Pillar One blueprint sets out “building blocks” for potential future international agreement on rules for taxable presence (nexus) in countries and profit allocation between countries to address tax challenges arising from digitalization.

Geneva boutique launches European equity fund

The fund will have a quantitative approach based on the behavioural bias of equity investors, including seasonality and myopia.

FCA takes “welcome step” in asking banks to warn expats of account closures

The FCA’s response, published today, reports that not all firms are informing customers that their current accounts will be closed. It also states that the FCA wrote to banks last week on the importance of being prepared for the end of the transitio

KPMG launches legal department transformation offering

Global Legal Operations Transformation Services supports GCs to adapt to a new reality.

Asset Managers: Mastering Non-Financial Risk - The Evolution of Human Rights Due Diligence

Regulators are already encouraging or requiring human rights due diligence in various forms.

Billionaires Worth Over $35 Billion Could Be Locked Out Of Europe As Cyprus Finally Suspends ‘Golden Passport’ Schemes

Transparency say 30 individuals with pending criminal charges or convictions, and 40 people they classify as “politically exposed persons” were revealed in the leak.

BREXIT: ensure your work force is legal

Employers should ensure that their EEA and Swiss employees, or employees who are the family members of EEA and Swiss citizens, take advantage of the EUSS whilst it is still available.

Weekly Tax Brief - 13 October 2020

Without further targeted measures we are in danger of retaining the country’s cultural architecture and trophy assets, but without the creative artists to put on the performances to fill them.

OECD’s “tax haven lite” blueprint fails pandemic-gripped world

he OECD’s blueprints, which also lack political agreement to proceed, have drawn harsh criticism from leading economists and tax experts.

Future Market Dynamics Part 2 - Big Tech and data disruption

The increasing importance of technological change creates new challenges for regulation.

Carey Olsen named best offshore law firm at WealthBriefing European Awards

Carey Olsen has been crowned Best Offshore Law Firm at the prestigious WealthBriefing European Awards 2020.

Druces crowned International Legal & Fiduciary Team at the WealthBriefing European Awards 2020

These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect exce

Switzerland improves anti-bribery record

Switzerland is one of the few countries to actively enforce efforts to combat bribery of foreign officials, according to the latest international comparison by Transparency International. But the NGO warns that the Alpine country still lacks strong whistl

Use of Jersey and Guernsey Structures by US Managers Targeting European Capital

In the current politically driven regulatory climate, managers/promoters in the major US fund centres are increasingly looking for alternative ways to structure investment vehicles suitable for and acceptable to their European domiciled investor base.

Cyprus officials implicated in plan to sell passport to criminals

Al Jazeera’s investigation reveals how senior Cypriot officials discussed ways to provide citizenship to a convicted criminal.

Legal,Regulation,Tax & Compliance