Managers of Wealth

American Airlines Bans Alcohol On Flights Until Next Year

The airline had said in the past that it would not resume alcohol sales onboard until September 13th, which is when the federal mask mandate was expected to expire.

Ogier launches ESG Align – a new compliance tool to get fund managers climate ready

ESG Align is designed to elevate managers' understanding of climate-related risk in portfolio management, and provide a useful compliance check against the new SFC requirements.

Planning for liquidity - using Cayman Islands private wealth structures for pre-IPO and exit events

Cayman Islands trusts and private wealth structures are now an increasingly popular choice for those looking ahead to protect these significant investment gains in a tax efficient asset protection vehicle.

Globally taxing times ahead

The OECDs proposals gained widespread media coverage following the G7 Summit in June 2021, with the G7 pushing for the global minimum corporation tax rate of 15%.

Swiss Bank Executive Arrested in Mallorca

A spokesman for Ihag confirmed that Rueegg cannot leave Spain due to a U.S. request for legal assistance, and that he had been suspended from his duties at the bank.

Monetary Policy Report - August 2021

Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.

Time Waits for no MLRO: GFSC Thematic Review on Reporting Suspicion

The two largest groups in the pool of 29 firms that took part in the thematic review comprised banks and fiduciaries, in line with the risk weightings attributed by the Bailiwick's National Risk Assessment (NRA).

Hogan Lovells advises UBS on its first infrastructure equity investment in Germany

The transaction is already completed and marks UBS' first infrastructure equity investment in Germany.

KPMG debuts ambitious tax practice for US expats in UK and Europe

The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK's family office and private client team.

Federal Council sets parameters for binding climate reporting for large Swiss companies

Sustainable finance offers the Swiss financial centre an opportunity to further reinforce its competiveness.

FCA publishes welcome guidance on ESG and sustainable funds

The FCA gives specific examples of the numerous poor applications it has received for the authorisation of ESG funds and sets out its expectation of "material improvements in future applications".

TISE makes Listing Rule changes to target SPACs

TISE initially introduced rules for listing SPACs in 2015 and it has recently revised them to align with developing market trends in both the US and Europe and notably, where there may be an institutional investor base.

Legal implications of remote work arrangements: perspectives from the U.S., UK, and France

Failure to comply with the employer’s requirements may expose the employees to sanctions.

Judge rules Credit Suisse banker was unfairly sacked over rogue trade

The tribunal also concluded that Volkova acted “dishonestly and without integrity, deliberately misleading her colleagues and disobeying reasonable instructions.”

Millions of pounds could be flowing out of the UK every week as a result of private equity firms' reliance on tax havens

Private equity firms claim they use them because it is an easier way to manage the array of companies they often own or fund around the world.

Dealing with GDPR: The retail sector’s Covid-19 by-product

This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information

Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings

The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets.

Tax havens meet monopoly power: why national competitiveness harms competition

There is more than one possible answer, but in many countries a “Competitiveness Agenda” holds sway.

In the land where cash is king, new restrictions will bite hard

Are you planning on selling your boat? If it is priced at €10,000 or more you’d better be aware that it is illegal to receive payment in cash

Ireland Update: Remote and Flexible Working is Here to Stay

The Health & Safety Authority ("HSA") previously published guidance on remote working, however this was primarily focused on the practicalities of short term homeworking necessitated by the Government restrictions imposed due to COVID-19.

Legal,Regulation,Tax & Compliance