Managers of Wealth

Financial Regulation Update

The FCA has updated its webpage on questions and answers (Q&As) for firms about conduct risk during the LIBOR transition, to include the following new questions:

OECD publishes report on tax administrations' policies and practices to enhance gender balance

This report highlights innovative approaches, legislative options, flexible workplace initiatives and leadership practices adopted by FTA members in order to assist administrations in their domestic considerations of where and how to improve gender balanc

Swiss Prosecutors to End Magnitsky Case as Browder Calls Foul

Firm accuses authorities of giving in to Russian pressure

A tax-evasion scandal draws in Hamburg’s elites

Four bankers with M.M. Warburg are accused of grave tax evasion through “cum-ex” transactions

Central Bank publishes findings from its fitness and probity thematic inspections

The inspections took place after a Dear CEO letter was issued by the Central Bank to all Firms in April 2019 (the “2019 Letter”) identifying a number of areas where Firm compliance with obligations under the F&P Regime was found to be lack

Baker Tilly Expands in California’s Silicon Valley with Acquisition

In the past 24 months, Baker Tilly also expanded into Texas

Timing critical in post-covid distressed M&A deals

There are many reasons for an acquisition's success, but one of the most important when acquiring a company in financial trouble is the timing of the deal, and what stage the company has reached in insolvency proceedings.

FRC announces company reporting expectations for 2020/21

During a recent thematic review the FRC noted the quality of cash flow statements was a concern, numerous basic errors were seen

Proposed CGT changes likely to hit divorcing couples hard, says law firm Royds Withy King

CGT can arise when certain assets are either sold or transferred between parties

Carey Olsen named best Guernsey law firm by Who's Who Legal

Published by Law Business Research, Who's Who Legal has been identifying the foremost legal practitioners in multiple areas of business law since 1996.

Criminal charges brought against Falcon Private Bank

Falcon has announced its plans to wind down.

The financial (in)security of a mistress on the death of her benefactor - a high profile case in Hong Kong

The deceased had a wife and children as well as another mistress with whom he had children.

Finma to order climate risk disclosure

The Federal Council approved the strategic objectives of Finma for 2021 until 2024, it announced on Wednesday.

To fight inequality and COVID-19, tax the ultra-rich

The federal government should introduce new taxes targeting extreme wealth concentration and use the revenues to strengthen social safety nets and stimulate the economy.

Appleby Partner Garry Manley Receives Citywealth IFC Lawyer Of The Year Award

Appleby partner Garry Manley has received a silver award for “IFC Lawyer of the year, partner” at the Citywealth Future Leaders Awards 2020.

Financial Regulation Update

This follows guidance originally published in April 2020 and updated in July 2020

Devilish detail in UK Settled Scheme for European HNWs

Submitting an application by the 30 June 2021 deadline may not be enough, law firm warns

Withers: One of Singapore's Best Law Firms 2021

Our local and international teams here are growing each year, covering not just Singapore and the US, but major jurisdictions like Australia, India and the UK. We are here to assist you in your journey, from exploring new opportunities to resolving your d

SECs OCIE Issues Warning to Registrants Regarding Complex ExchangeTraded Products

The orders against each firm found that the firm failed to implement written policies and procedures reasonably designed to prevent violations of the Investment Advisers Act of 1940 and the rules thereunder.

Ireland Update: Winds of Change for Whistleblowing

The definition of relevant wrongdoings will be broadened to include breaches of financial services regulations

Legal,Regulation,Tax & Compliance