Managers of Wealth

Milbank Advises General Atlantic on Joint Venture

General Atlantic will serve as one of four partners in the venture, supporting the group with its international expertise in the field of digital marketplaces.

Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

A prosecutor then told tax authorities that Hinduja still resided in Geneva, despite claims of residency in Monaco since 2007.

Bedell Cristin advises Ocorian on the acquisition of Trust Corporation

This acquisition enhances Ocorian’s ability to provide a comprehensive service offering to private clients and international corporates in Guernsey alongside its existing strength in fund administration.

Charles Kolstad featured in Tax Notes article on necessary cryptocurrency tax preparations

Charles goes on to highlight that determining an appropriate valuation method for a cryptocurrency is an issue that needs to be addressed.

Switzerland proposes Geneva as headquarters for planned International Sustainability Standards Board (ISSB)

Geneva has a global outreach and is recognised throughout the world as an independent and neutral negotiation venue.

English courts confirm extensive remedies available for victims of cryptocurrency fraud

A key part of the legal test as to whether a Bankers Trust order should be made is whether there is a real prospect that the information sought will lead to the location or preservation of those assets.

Madoff Victims Get Second Crack at Citigroup’s $343 Million

Picard claimed Citi failed to act on red flags concerning Madoff, but a bankruptcy court dismissed the suit, finding the trustee had not shown the bank acted with “willful blindness” to possible fraud.

Hackers Steal Data from Neuchâtel Cantonal Bank

The attackers succeeded in exploiting a vulnerability in the BCN website that has since been dealt with.

Tech and Digital Regulation

Almost weekly there are new headlines warning of risks and perils of ‘big tech’ and misuse of data. Now, more than ever, it is important to ensure public trust in technology, its providers, and to advocate for global standards.

Making inheritance taxes fairer

The OECD made such a suggestion in its recent report on inheritance taxation.

The International Climate Finance Plan

Corporate attorney Kevin Turner and Environmental attorney Amy Edwards discuss the five broad areas of focus of the International Climate Finance Plan that impact international, private sector development in their article featured in the September 2021 is

Statement of Practice - Trusts and Foundations in Mauritius

Provided that the majority of beneficiaries are not resident in Mauritius then the trust will NOT be liable for tax in Mauritius.

Registered investment advisors: How US banks can weigh the M&A potential

Many US banks are investing in their wealth management businesses to generate fee-based revenues and broaden client relationships. Given their often subscale starting points

The Rise of Fake Crypto Trading Bots: Steps Users Must Take to Avoid Getting Scammed

MTI never generated high returns for its investors because it was never a genuine investment company in the first place.

Remote right to work checks to continue until 5 April 2022

In many cases, this involved meeting the employee and checking their documents in person.

Frontier workers: Swiss government adopts new agreement with Italy

The new agreement will enter into force once the Italian parliament ratifies it.

Latham & Watkins Advises Hg on Acquisition

German-led team advised the leading software investor on the transaction.

China Orders Banks to Speed Up Ditching Nonstandard Wealth Management Assets

Regulators in the first half of this year already ordered banks to speed up the disposal of remaining nonstandard credit assets, the person said.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

US probes Deutsche Bank's asset management arm over sustainability claims

The agency earlier this year established a task force to root out misconduct related to environmental, social and governance issues.

Legal,Regulation,Tax & Compliance