04/15/2014
Swatch Compares UBS Funds to ‘Rotten’ Sausages in Swiss Court
UBS AG failed to properly disclose risks it took with Swatch Group AG’s funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.
04/15/2014
New York's top financial regulator has sought numerous documents from Credit Suisse Group AG as it ramps up a continuing tax-evasion probe of the Swiss bank.
04/14/2014
Millionaire tax fraudster set to stand trial in Cyprus
SCOTLAND'S most wanted man has been held in custody since he was arrested in the Turkish-controlled part of the island
04/10/2014
Following changes to the law governing Jersey LLPs in 2013, the Jersey Financial Services Commission recently clarified and confirmed its approach to the licensing of LLPs.
04/10/2014
A UK tax update for offshore trustees and professionals - Baker Tilly
George Osborne, in last month’s UK Budget, mainly spoke of positive economic and tax changes in advance of next year’s UK elections. However, his brief reference to offshore was perhaps not so positive: “
04/10/2014
What's to be expected in the new SORP by Nick Sladden Head of Charities and Social Enterprises, Baker Tilly
Charities will be able to choose which SORP they apply depending on which accounting standard they use. This will facilitate implementation of the new FRSSE framework which is expected shortly.
04/10/2014
Julius Baer sees resolution to US tax probe in foreseeable future
Swiss bank Julius Baer sees itself reaching an agreement with the U.S. authorities in a dispute over tax in the foreseeable future.
04/10/2014
The trade bodies need to liaise
04/10/2014
EU U-turn on key information documents
The rules were initially known as Prips - packaged retail investment products
04/09/2014
Asset managers deny money laundering
Both defendants also allegedly indicated that they would charge clients more to launder criminal proceeds than to assist in tax evasion.
04/09/2014
Dutch Lender Can Appeal the Decision
04/08/2014
Ex-UBS broker awarded $5.4 million in case over Lehman notes
Arbitration panel has held the firm liable for misrepresenting Lehman Structured notes as suitable for clients
04/08/2014
Broker says messages with UBS banker were 'misleading'
U.K. prosecutors have charged nine people with criminal misconduct in relation to the scandal.
04/08/2014
Lawyers need to be kinder to their own wealth
Many of the larger wealth managers on our panel have dedicated teams
04/08/2014
Whose Bonus is it Anyway? by Victoria Myerson, Appleby
Writing out a cheque in settlement of an ex-spouse’s claim in divorce proceedings can be an unedifying experience at the best of times, ameliorated only by the certainty that it’s the last instalment.
04/08/2014
Non-UK residents, residential property and capital gains tax - Farrer & Co
Historically, non-residents have not been subject to capital gains tax (CGT) unless carrying on a business in the UK through a branch or agency.
04/07/2014
This is a purely civil procedure, and can be carried out without the tax evader being publicly named.
04/07/2014
The cost advantages of some investment companies is under threat.
04/07/2014
The subcommittee questioned bank executives
04/07/2014
The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.