Managers of Wealth

Billionaire Isabel Dos Santos Calls For Assets To Be Unfrozen—Points To Fake Passport Signed By ‘Bruce Lee’

False documents and false statements have been deliberately brought before the court

European Disharmony

With Boris Johnson unlikely to accept this, a new trade treaty agreed before the December deadline appears ambitious, though is still possible.

Swiss private bank to exit private banking in 2021

It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries

'Life and law go on': How attorneys are working through New York City's lockdown

Lawyers serve their clients from the eggs to the apples of life; from pre-nups to divorce; tax planning to property planning; business deals to business bust ups.

Immigration lessons from coronavirus crisis and potential next steps

That’s because travel bans and border closures can happen without warning, not allowing a person sufficient time to obtain a visa.

Morgan Stanley’s wealth management business handed $5 million fine

MSSB has agreed to pay a $5 million penalty that will be distributed to harmed investors.

LUXEMBOURG UPDATE: CSSF's Weekly IFM Questionnaire

On 9 April 2020, the CSSF advised IFMs that it had launched a new questionnaire that must be completed and submitted to the CSSF on a weekly basis.

‘Everyone is doing badly’, anti-money laundering czar warns

Some countries, Lewis added, were only concerned with making sure they weren’t placed on FATF’s so-called “grey list” of low-scoring countries — a move likely to restrict a country’s access to international financial ma

Prosecution outlines fraud and money-laundering charges against Nirav Modi in London courts

From 2011 until 2018 Nirav obtained "eye-watering sums of money

Singapore bans former Barclays, DBS relationship managers

The court cases involving Mr Chew and Ms Tien were related, while the others were unrelated.

Prince Andrew Charitable Trust to be wound up amid Charity Commission investigation

PACT was unable to comment on the investigation, but confirmed that the trustees were finalising a plan to liquidate the trust and its subsidiaries.

Luxembourg introduces state guarantee scheme for new bank loans for a maximum period of 6 years

The Law also provides for the remuneration of guarantee ranging from 25 basis points for a maturity date of 1 year for small and medium size companies up to 200 basis points for a maturity of six years, for large companies.

Deutsche Bank debuts virtual fair with Frieze partnership

The two parties will also present a virtual event with UK performance artist Tom Pope called “Deutsche Bank Collection Live”.

Syria’s money man falls foul of Basher al-Assad’s ruling family

The billionaire Rami Makhlouf bankrolled his cousin the president’s war, but now the regime is turning on him

UBS seeks China digital bank licence as part of plan to turbocharge growth and slash costs

The Swiss lender is targeting 200,000 wealthy clients within two years after securing a digital bank licence

Cayman: A History of Cooperation and the Building of a World-class IFC

This is due to a variety of factors

EY announces the launch of Physical Return and Work Reimagined framework for organizations post-COVID-19

Two-gear framework integrates "Day 1" transition services with long-term transformation guidance

Britain’s Prince Andrew sued over debt on US$22 million Swiss luxury chalet

Duke of York and ex-wife bought holiday home at Verbier ski resort in 2014, but missed December 2019 deadline for paying off chunk of purchase

Doctrine of mistake and rule in Hastings-Bass

The Court also made plain that it is no part of its function to take steps to improve the taxation position of the applicant.

Appleby Advises on New Recovery Fund Foundation

Appleby acted as Cayman attorneys advising in relation to the establishment of the foundation.

Legal,Regulation,Tax & Compliance