Managers of Wealth

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.

Cyprus requires beneficial ownership details for partnerships

The process for partnerships will be similar to that of the submission of beneficial owners details for companies.

Hogan Lovells responds to the European Commission’s consultation on the AI Regulation

By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.

Hope for Swiss Bankers Stranded by Indictments

The French banker just won herself a key victory in an issue that has also vexed a handful of Swiss bankers for more than a decade.

Britain's Most Wanted Woman Laundered £1 Billion and Disappeared Into Thin Air

Sarah Panitzke was a well-off expat living in Spain when she became embroiled in a criminal enterprise worth £1 billion.

Venezuelan’s bond: $21 million in Swiss account, plane, yacht, lots of Miami condos

Wakil must complete the transfer of $21.3 million from his Swiss bank account to the federal court registry in Miami, while federal authorities place liens on more than a dozen properties, a plane, a yacht and local bank accounts to cover the balance for

Legal,Regulation,Tax & Compliance