Managers of Wealth

Beyond The Headlines: Fca Scraps Mifid 10% Letter Rule

As has been demonstrated with the spread of unresearched information around COVID 19, this can have dangerous consequences.

COVID-19: FCA delays GI pricing practices final report

The FSB has published the letter from Chair Randal Quarles to G20 Finance Ministers and Central Bank Governors which was sent ahead of their virtual meeting on 15 April.

How fintech can promote financial inclusion - a new report on the opportunities and challenges

Technological innovation has made major inroads into financial services, which has implications for payments and their key role for financial inclusion.

EFG International changes dividend proposal

EFG is not the first company to adjust its dividend proposal.

Protecting your art investment in the age of coronavirus (COVID-19)

While the art market has continued to be robust since that time, it took almost ten years to recover. In 2017, the global sales numbers were only then reaching their pre-2007 highs.

Global developments and legal insights, April 2020

We also make some general observations that apply to all M&A transactions.

Russ Prince: Rich Dodge All Taxes By Being Perpetual Tourists

The situation becomes somewhat more complicated when the wealthy perpetual tourist seeks to manage his or her business enterprises and at the same time ensure a high-intensity lifestyle.

Barclays halts new job cuts during coronavirus crisis - memo

The payments will be funded by Barclays rather than the government, however.

Christie’s was ordered to pay up to $16.7 million for violating New York tax laws.

The tax lapses were not limited to New York locations. Between July 2013 and January 2017, Christie’s overseas sales offices delivered $189 million worth of goods to New York buyers.

The Future of International Fund Domiciliation

Current patterns of fund domiciliation were established some time ago.

The Fed Plays God by Gary Dugan

Emergency policies have become the norm as the US establishment continues to feed a mistaken belief that equity markets must rise forever and that economic cycles should not exist.

UBS agrees to pay 2019 dividend in two instalments at FINMA’s request

UBS supports the immediate measures announced by the Swiss Federal Council to support the economy with a focus on SME in conjunction with UBS and other Swiss banks.

After the crisis we need to create jobs, not a tax on wealth

There is a way to aid productivity that would sustainably fund the emergence from the crisis, and which offers all producers a fair share of productive capacity.

Private equity giant 3i accused of ‘gorging off holidaymakers’ money’

Operators are under increasing pressure from consumer groups for using delaying tactics to retain billions of pounds owed back to customers

Governance amidst disruption - crisis management pointers for stakeholders in uncertain economic times

Needless to say, managers and investors alike may generally want to avoid taking advantage of the current market volatility for short-term gain.

Billionaire Row ‘McMafia’ Ruling Dies In London Court As Family Of Former Kazakh President Unfreeze Assets

The house has an “underground pool, tropical showers, a glass domed roof, a dedicated cinema and separate quarters for staff.

Luxembourg introduces transfer pricing documentation requirement for controlled foreign company compliance

This calculation should be made by reference to the transfer pricing rules of articles 56 and 56bis of the Luxembourg income tax law.

Kazakh family win Unexplained Wealth Order battle over London homes

The National Crime Agency suspected all three of the mega properties in London were bought with riches embezzled by Mr Aliyev's notorious and now dead father, Rakhat Aliyev.

Third Party Funding in Hong Kong

It has been seeking, on behalf of the applicant, a declaration that proposed third party funding shall not breach the laws of champerty and maintenance as the funding arrangement falls into the ‘access to justice’ exception, such that it can b

Jurisdictions move towards full implementation of standards for financial market infrastructures

The CPMI and IOSCO encourage jurisdictions to continue to adopt measures that will enable them to fully implement the PFMI.

Legal,Regulation,Tax & Compliance