Managers of Wealth

ESMA and CSSF guidance on the impact of COVID-19 on financial markets

Both ESMA and the CSSF have stressed the importance of maintaining an ongoing and active cooperation between national and European competent authorities.

COVID-19 and Antitrust Law: Avoiding Legal Risks in a Time of Uncertainty

Coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges, but companies must be mindful of the competition law parameters for such coordination.

Feifa partners with UK wealth firm

To expand the number of investment strategies offered to its members

Another Kind of Outbreak: COVID-19 as Financial Crime Threat

With global attention on the outbreak itself, criminals need only be successful with a fraction of their potential victims to take advantage of the unfortunate situation that has unfolded.

The implications of coronavirus on the aviation finance industry

Concern is rising generally for airlines, do they have enough liquidity to survive until the flight restrictions and corporate travel bans are lifted

Coronavirus - A New Regulatory Risk Facing Firms in the UK Financial Sector

COVID-19 is reported to be highly contagious and a more severe disease than seasonal influenza in a population where no-one has immunity to the new virus.

Cayman to shut down air travel for 3 weeks

All passenger air traffic, including private aircraft, will stop Sunday when the islands will essentially be on lockdown.

Coronavirus: US volunteers test first vaccine

Typical vaccines for viruses, such as measles, are made from a weakened or killed virus.

Trouble in paradise: Family, feuds and fraud in Jersey

The wealthy Dick family are set for a court battle that could shine an unwelcome light on the world of offshore trusts

JPMorgan Trading Platform for Rich Clients Froze During Rout

The system was overwhelmed by unprecedented volume, one person said.

Esma puts new leash on shorting in response to Coronavirus

ESMA considers that the current circumstances constitute a serious threat to market confidence in the EU, and that the proposed measure is appropriate and proportionate to address the current threat level to EU financial markets.

Swiss Banks Mull $20 Billion Crisis Fund

Credit Suisse boss Thomas Gottstein suggested the idea of a small business fund of at least $20 billion for bridge financing.

Biglaw Firm Institutes Mandatory Work-From-Home Policy To Protect Personnel From Coronavirus

When will other firms come to their senses and offer work-from-home solutions like this?

Overriding legal professional privilege - The iniquity exception

Legal professional privilege acts as an exception to the general disclosure and inspection rule. It has two parts - legal advice privilege and litigation privilege.

Swiss lawyers seek to keep special ‘advisor’ status in the shadow economy

The funds of the Cali and Medellin Cartels were traced repeatedly to reputed banking institutions in Switzerland.

Australian Tax Office cracks down on wealthy tax dodgers

ATO research shows a number of high wealth private groups are deliberately engaging in risky behaviour, including "seeking to engage in artificial and non-commercial arrangements that are intentionally designed to avoid paying tax".

Listing: It Isn't Only Buildings

The case highlights the fact that, in addition to buildings, a variety of structures and objects have been protected by being listed under the Planning (Listed Buildings and Conservation Areas) Act 1990.

ATO to focus attention on wealthy cheats

To ensure compliance at the top end, from July 1 the ATO will expand the work of the Tax Avoidance Taskforce and introduce a new program focusing on high wealth private groups.

A near record year for money laundering: Banks hit with $10 billion in fines

One remarkable finding in the report is that, despite a spate of new data privacy laws, they resulted in almost no fines.

Exporting regulatory competence: the double dividend for IFCs by Mourant

Financial crises tend to be the stimulus for regulatory change, and since the crash of 2009, the pace of change in international regulation has been impressive.

Legal,Regulation,Tax & Compliance