06/04/2015
Investigation leads to missing Baltic millions in Switzerland
The data also reveals that Latvia's ABLV bank is linked to significant amounts of money in HSBC's controversial Swiss accounts.
Legal,Regulation,Tax & Compliance
06/03/2015
New Company Incorporations Rise in Majority of Offshore Jurisdictions in 2014
Mauritius standout of all offshore jurisdictions, onshore comparator China remains ‘world’s engine room’ for company registrations
06/03/2015
No safe havens… by Gary Heynes
Perhaps surprisingly, Switzerland is one the first to sign up to an automatic exchange agreement with the EU, with Andorra, Liechtenstein, Monaco and San Marino set to follow. This means that very soon there will be no safe haven for hidden funds…
06/03/2015
Rothschild Pays $11.5 Million for Helping Americans Evade Taxes
“The days of safely hiding behind shell corporations and numbered bank accounts are over,” said Acting Assistant Attorney General Caroline D. Ciraolo of the Department of Justice’s Tax Division.
06/02/2015
Orrick hires Akin Gump partner to launch new office in Geneva
Liborio focuses on commercial and investor-state arbitrations involving infrastructure projects
06/01/2015
Webb remains in Swiss jail, bail unlikely
The Swiss authorities have confirmed that Jeffrey Webb and his co-defendants held in Zürich are unlikely to get bail
06/01/2015
UK Pensions And France. What Can And Can’t You Do?
We are now in the new age of UK pensions, where you have complete freedom to do whatever you wish with your funds… depending on what type of pension you have, that is.
06/01/2015
International law firm continues dramatic US expansion
The majority of the new team joins the firm from the Private Client Services Group at McKenna Long & Aldridge and comprises well-respected and highly experienced trusts and estate planning, charitable giving and trusts and estate litigation lawyers.
05/29/2015
Brokerage Heads Promise Improved Disclosures
Mandated disclosures are tricky to get right; if written in a way consumers can easily understand, there is a good chance they aren't disclosing enough
05/28/2015
Battling Knockoffs: A Primer on Spotting Fakes Online
Luxury resale site Vestiaire Collective shares its secrets to identifying luxury imposters.
05/28/2015
International law firm extends asset management practice to Europe
This team has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds.
05/28/2015
Mattioli Woods founder poised to transfer 50% of stake to ex-wife
His total holding equates to a little under 3.1 million shares of 1 pence each.
05/28/2015
Liquidators of failed Cayman Islands-based hedge funds sue Barclays
Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.
05/28/2015
Basler Kantonalbank says to pay 38.6 million euros in German tax probe
Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.
05/28/2015
Four Banks Reach Resolutions Under Department of Justice Swiss Bank Program
The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no
05/27/2015
Bulgari brothers to face trial on tax evasion ch
The investigation centres on a subsidiary based in Ireland which prosecutors say allowed Bulgari to benefit unfairly from that country's lower corporate tax rate, a judicial source said.
05/27/2015
More Swiss banks to settle with U.S. Department of Justice in near future - official
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.
05/27/2015
Allen & Overy advises Samena Capital on Kleinwort Benson deal
Samena Capital is the premier investment group focused on principal investments in the Subcontinent, Asia, Middle East and North Africa.
05/27/2015
EU-Swiss deal a blow to tax dodgers
Switzerland and the European Union have signed an agreement providing for the automatic exchange of banking information, effective 2018
05/27/2015
FIFA corruption: 2018, 2022 World Cup bids targeted in Swiss probe
One of those expected to face charges, Trinidad and Tobago's Jack Warner, was a man whom Football Federation Australia sought to impress during its ultimately fruitless bid for the 2022 World Cup.