12/18/2020
The CSSF Releases Updates on the Implementation of ESG Fast Track Procedure for Disclosure Updates
The sustainability risk assessment approach and related disclosures feed into UCITS prospectus
Legal,Regulation,Tax & Compliance
12/18/2020
Credit Suisse professes "astonishment" at Swiss money laundering charges
Credit Suisse unreservedly rejects as meritless all allegations raised against it and is convinced that its former employee is innocent.
12/17/2020
Performance Fees – Central Bank takes initial steps towards implementing ESMA’s guidelines
While the Central Bank notes that the Guidelines could be immediately adopted
12/17/2020
Leading law firm for 6 areas in 3 jurisdictions in Chambers Asia Pacific 2021
This recognition is a testament to the continued support from our clients and contacts who have taken the time to give thoughtful feedback.
12/17/2020
Proposals for a UK wealth tax
The report suggests that a one-off wealth tax should include all assets worth more than £3,000, valued at their open market value.
12/17/2020
Which are the best Golden Visas to beat the Brexit roadblock
Acquiring UK citizenship will take investors between five and six years but for UK investors looking to maintain their EU status, there are some options that can provide residency or citizenship far quicker.
12/17/2020
New guidance from Guernsey Finance will make it easier for family offices to embrace sustainable investing
Ogier has collated a series of illustrative clauses which can be implemented into a trust deed between a family and their family office.
12/17/2020
Bulgarian criminal organisation: indictment filed against organisation members and Credit Suisse
To summarise the position, Credit Suisse AG in Zurich is thus accused of failing to take all the reasonable organisational measures that were required to prevent the offence of aggravated money laundering (Art. 305bis no. 1 and 2 SCC in conjunction with A
12/17/2020
New types of green bonds bring transparency and finance to climate action
Continued demand for both issuances has enabled us to increase their size, with the climate resilience bond up to US$ 1.1 billion from an original US$ 700 million and the transition bond up to €625 million from €500 million.
12/17/2020
UK alts boutique buys Irish firm to expand into Europe
The acquisition is part of the firm's strategic growth plan that includes distributing its funds to European investors.
12/16/2020
Entry into force of the amendment protocol to DTA with New Zealand
The protocol implements the minimum standards for double taxation agreements (DTA).
12/16/2020
Managing the Luxembourg voluntary liquidation process
Luxembourg also offers compelling structures. Its special purpose vehicles (SPVs), for example, have proven hugely popular with multinational private equity and real estate groups, offering huge potential for tax optimisation when they come to sell their
12/16/2020
Financial Regulation Update
The regulator highlights that complaints volumes are at the lowest levels recorded since 2016 H2
12/16/2020
CSSF publishes passporting requirements applicable to UK investment funds and fund managers after the end of the transition period
Following the departure of the UK from the EU on 31 January 2020
12/16/2020
Commission becomes world’s first regulator to introduce a green insurance capital regime
The Commission’s proposal would enable insurers to purchase green assets in the knowledge that long-term green assets are considered suitable to meet long-term liabilities whilst maintaining policyholder protection.
12/16/2020
FCA establishes Temporary Registration Regime for cryptoasset businesses
The FCA is advising customers of cryptoasset firms which should have applied to the FCA, but have not done so, to withdraw their cryptoassets or money before 10 January 2021.
12/16/2020
Financial Regulation Update
The Statement may be subject to change in the event of a free trade agreement being reached and mutual equivalence decisions being taken.
12/15/2020
FCA fines Barclays £26 million over treatment of customers in financial difficulty
Barclays has pro-actively redressed these customers, paying over £273 million to at least 1,530,000 customer accounts since 2017. The redress programme is close to completion.
12/15/2020
Investing in policies for people will help shape a better economy for the postcrisis world
The virus has taken more than a million lives, and hundreds of millions more have been altered forever by rising poverty, massive job losses, and interruptions to education.
12/15/2020
UK Immigration Post-Brexit
Those wishing to work or stay in the UK for longer will need to apply for a visa under the new immigration system.