Managers of Wealth

Greensill Knew Key Borrower Was in Trouble

The Swiss bank's CEO, Thomas Gottstein, has said recovering investors' money is its top priority. Credit Suisse has so far returned $5.9 billion.

The Continuing Saga of High-Net-Worth Individuals and Sports

One year ago, the Internal Revenue Service announced that it would be reviewing hundreds of high-income individuals’ tax returns in the last half of 2020.

Global M&A Insights: New challenges, new opportunities

Carve-out and spin-off deals likely to increase as companies reorganise

Investigation reveals how football can be used to launder money

The English Football League’s (EFL) Owners’ and Directors’ Test bars anybody who has an unspent criminal conviction with a sentence of more than 12 months from owning a club.

New rules will finally unlock the UK Spac market

There will certainly continue to be strong competition from European neighbours – most notably the Netherlands and Luxembourg

Wealthy divorces: the most fought-over assets in high net worth splits

Nick is a specialist family lawyer who focuses on all areas of family law, including issues arising from divorce

CP21/26: A new UK prudential regime for MiFID investment firms

It represents a major change for investment firms. It is critical that firms adequately prepare for the regime.

‘King of Good Times’ Vijay Mallya’s bankruptcy casts spotlight on India’s billionaires who’ve gone broke

Analysts say his bankruptcy case shows the extent to which the government is now going after them to mitigate public anger over absconding tycoons

New EU Rules in Force: Pre-Marketing and De-Registration on UCITS and AIFS

Under the CBFD Directive, only certain third parties may engage in pre-marketing on behalf of an authorised EU AIFM

French regulator imposes €32m fine on Amundi

The AMF's enforcement committee estimated that two former employees' irregular transactions in 2014 and 2015 resulted in a €48.1m loss.

Record CGT take just a start as speculation remains about reform

This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.

Tax Justice Network chair and its senior adviser quit in 'disenchantment' row

There now appears to be no one working at or advising TJN who has ever worked in tax, or accounting, or financial services.

HMRC closes unit set up to investigate family investment companies

Authority finds no evidence that the wealthy used FICs for tax avoidance

Butterfield Reaches Resolution With US Department of Justice

The financial payments totaling $5.6 million in respect of Forfeiture and Tax Restitution Amounts are in line with the existing provision included in Butterfield’s financial statements as recorded in 2015 and 2016.

Archegos employees face losing up to $500m in deferred bonuses

Value of deferred pay plan had swelled before Bill Hwang’s family office collapsed

The Swiss prosecutor’s office imputes the president of the Mirabaud bank where the 65 million of the king emeritus were paid | Spain

Mirabaud & Cie private banking was founded in 1819 and has offices and subsidiaries in Switzerland, Canada, France, and the United Kingdom, as well as branches in Madrid, Barcelona and Seville.

Legal,Regulation,Tax & Compliance