11/24/2020
Weekly Tax Brief
Taxspotters’ finely tuned antennae will be looking for signals regarding tax reliefs.
Legal,Regulation,Tax & Compliance
11/24/2020
Higgs & Johnson Ranked as ‘Top Tier’ by Legal 500 Caribbean
The ‘outstanding’ litigation team was lauded for ‘providing significant and timely counsel in disputes’ and the real estate department recognized for its ‘experience in assisting domestic and international real estate investo
11/24/2020
Board composition and maintenance – greater than the sum of its parts
The role of the Nomination Committee in the composition and maintenance of an effective Board of Directors.
11/24/2020
Divorce and Illiquid Assets: Strategies for Moving Forward During Covid-19
Navigating a divorce is almost always difficult, but add a global pandemic to the equation and the process can feel impossible.
11/24/2020
Hedge Funder Sues Gallery Over George Washington Painting
Former hedge-fund manager Michael Steinhardt says the gallery misled him during a consignment.
11/24/2020
Government to strip away investor protections in backdoor EU deal
Investors in EU-domiciled funds will not recourse to the FSCS and will have to apply to foreign compensation authorities to get their money back if a product blows up after Brexit.
11/24/2020
Get ready for mandatory human rights due diligence
Sooner or later, organizations would reflect this in their legal/compliance departments’ scope and structure.
11/24/2020
ESMA publishes a report on funds' resilience to future shocks
This report comes as a result of a coordinated supervisory exercise performed alongside national competent authorities (NCAs), following a recommendation issued by the European Systemic Risk Board (ESRB) in May.
11/24/2020
Ireland Update - Virtual Assets / Proposed AML Requirements
Virtual Asset Service Providers ("VASPs") to be 'designated persons': AML/CFT requirements will apply to a range of VASPs businesses for the first time.
11/24/2020
Financial Regulation Update
The Investment Association (IA) has published a report produced by the Asset Management Taskforce, entitled "Investing with Purpose: placing stewardship at the heart of sustainable growth".
11/24/2020
JPMorgan Chase Fined $250 Million Over Failings In Fiduciary Business
The bank has remediated the deficiencies that led to this action.
11/23/2020
FCA communication to Luxembourg-based entities about the UK temporary permissions regime
In order to benefit from the TPR, such Luxembourg entities are invited to notify the FCA of their intention to do so. Notifications have to be submitted before 30 December 20201.
11/22/2020
Financial Regulation Update
The FCA has updated its webpage on questions and answers (Q&As) for firms about conduct risk during the LIBOR transition, to include the following new questions:
11/20/2020
OECD publishes report on tax administrations' policies and practices to enhance gender balance
This report highlights innovative approaches, legislative options, flexible workplace initiatives and leadership practices adopted by FTA members in order to assist administrations in their domestic considerations of where and how to improve gender balanc
11/20/2020
Swiss Prosecutors to End Magnitsky Case as Browder Calls Foul
Firm accuses authorities of giving in to Russian pressure
11/20/2020
A tax-evasion scandal draws in Hamburg’s elites
Four bankers with M.M. Warburg are accused of grave tax evasion through “cum-ex” transactions
11/20/2020
Central Bank publishes findings from its fitness and probity thematic inspections
The inspections took place after a Dear CEO letter was issued by the Central Bank to all Firms in April 2019 (the “2019 Letter”) identifying a number of areas where Firm compliance with obligations under the F&P Regime was found to be lack
11/20/2020
Baker Tilly Expands in California’s Silicon Valley with Acquisition
In the past 24 months, Baker Tilly also expanded into Texas
11/20/2020
Timing critical in post-covid distressed M&A deals
There are many reasons for an acquisition's success, but one of the most important when acquiring a company in financial trouble is the timing of the deal, and what stage the company has reached in insolvency proceedings.
11/20/2020
FRC announces company reporting expectations for 2020/21
During a recent thematic review the FRC noted the quality of cash flow statements was a concern, numerous basic errors were seen