Managers of Wealth

Top 5 compliance tips for starting a hedge fund in 2020

According to data group HFR, hedge funds were down more than 7% on average amid March’s turmoil.

Law Firms Are Shrinking in Size; Coronavirus Only Accelerated It

The survey results highlighted real estate changes already under way in the legal field that the pandemic has only accelerated, according to brokers and other analysts.

Switzerland officially revises Company Law

The Bill provides that for Swiss listed companies, men and women should be represented by 30% on the company’s board and 20% in executive management positions.

FBI says private equity, hedge funds pose huge risk for money laundering

Law enforcement isn't set up to monitor money laundering schemes within hedge funds, leaked FBI documents show

European banking regulator to probe Luanda Leaks’ allegations

European lawmakers have demanded the regulator assess “whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors.”

Hong Kong needs to lift its regulatory game as China’s billionaires eye Singapore for its stability, cost advantages

Greater Bay Area billionaires see Hong Kong as a natural choice for establishing family offices for investing, succession planning

Expansion of the scope of the Private Funds regime

These changes will primarily impact single investment structures, alternative investment vehicles, master funds and those structures where no fees are paid or fees are only paid at one level.

Practice makes Perfect – what's next for Jersey schemes of arrangement?

Issues relating to the conduct and classification of shareholder meetings will therefore remain a primary consideration at the directions hearing for Jersey schemes, as has been the case in the past.

Additional requirement under the private funds regime to manage and monitor potential conflicts of interest

The Cayman Islands government has expanded this specification to require the private fund to also manage and monitor any such conflicts of interest.

ESMA Discontinues its 'Brexit Leveller' Committee

On 29 May 2020 the European Securities and Markets Authority ("ESMA") announced the winding down of its Supervisory Coordination Network.

Ireland | PD3 – Practical Insights

In our experience, the above risk factors may be challenged as to whether they are statements of fact rather than actual material risk factors directly related to the transaction in hand.

Process for listing debt securities on the Official List of The International Stock Exchange

This note includes information relating to the listing process and listing documentation requirements of The International Stock Exchange Authority Limited (the "Authority").

CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)

In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.

A Seismic Shift to Certainty: “Substratum” and the Proper Construction of Trust Deeds

The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee’s purported exercise of a power.

Juan Carlos: former Spanish king may be tried for money laundering

Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016.

A Fishy Business: Shifting Profits Out of Africa

An analysis of the leaked files by Finance Uncovered, as well as public documents and the company’s financial statements, suggest Samherji used various techniques to reduce taxes in Namibia by shifting money to low-tax destinations like Cyprus and M

New Rules Around the Disclosure of Beneficial Ownership in Jersey: What You Need to Know

Of particular note the Law will apply to Foundations, which currently fall outside the scope of the Control of Borrowing (Jersey) Order 1958 (COBO).

Zurich Prosecutors Probing Second Complaint About Ex-Baer CEO

“This is a third party matter, which we cannot comment on,” a spokeswoman for Julius Baer said. A spokesman for Collardi did not immediately return a call seeking comment. Pictet & Cie., where Collardi is now co-head of wealth management,

UBS to Pay $10 Million for Violating Rules

The SEC previously brought charges of municipal bond offering “flipping” and retail order period abuses in August 2018, in December 2018, in September 2019, and in April 2020.

Private jets, fast cars leave investors facing $100m wipeout

The empire of Michael Gu, a 32-year-old former mobile phone salesman, has collapsed as investors question his high-octane lifestyle.

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