Managers of Wealth

The death of LIBOR and the afterlife

LIBOR was developed and launched in the mid-1980s by the British Bankers Association.

The 1MDB scandal: what does it mean for Goldman Sachs?

Fallout continues from the US bank’s involvement with the Malaysian state investment fund

Carey Olsen leads on three chapters in latest edition of Trusts in Prime Jurisdictions

Mr Robinson said: "The book is an incredibly useful reference tool to the global trusts and private wealth sector

ABS Market Flying High

The number of lessors accessing the aircraft ABS market and the issuance of aircraft ABS has surged in recent years and this trend continued in 2019.

Global banks hit with £6.2bn in fines

This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.

Beware the hidden tax pitfalls of divorce

Tax will not be the priority on divorce

£1 coin sells for a whopping £1m

Rebecca Morgan of the Royal Mint said the mint sometimes works with collectors to bring them a coin they are after.

Update approved for Guernsey insolvency law

Key developments include changes to voluntary winding up by company members

Tax implications of the new civil partnership status - Withers

Careful consideration should therefore also be given to whether it is advisable to enter into a pre- or post-civil partnership nuptial agreement before entering into a civil partnership

Jaime Botin is sentenced to prison in Picasso Smuggling fiasco

Prosecutors argued that Botin was smuggling the painting out of Spain -- instructing the captain of his yacht to lie to law enforcement -- with the objective of selling it at a London auction house.

With great wealth comes great responsibility

The urgency of global issues has challenged high-net-worth individuals to consider how they can leave a legacy greater than just financial security to the next generation.

Carey Olsen continues as leading legal adviser to Guernsey's investment funds industry

The findings of Monterey Insight follow the publication of the latest Chambers UK and Legal 500 UK rankings at the end of last year

JERSEY: Draft regulations to implement mandatory disclosure rules issued

The regulations are broadly in line with expectations following the end of the consultation period that ran to 15 November 2019

Goldman Profit Falls as Bank Braces for 1MDB Fine

Bank sets aside more money toward expected settlement resolving its ties to Malaysian fund

OLYMPIC Banking System: successful completion of multi-location deployment at Andbank

The roll-out took place in two stages, initially for the Monaco entity and then subsequently for the Andorra, Luxembourg, Spain, Panamá and Insurance units, using a “Big Bang” approach.

Banks' (Quince) care duty to customers revisited

Unfortunately for banks there is little guidance on how far they need to go in protecting their customers' interests.

Russian Billionaire Loses Lawsuit Against Nordic Banks

The court said that forcing the banks to process payments for Rotenberg, who is on the U.S. sanctions list

Swiss Federal Council takes note of current stablecoin developments

Switzerland is generally open to projects that reduce the cost of cross-border payment transactions and seek to promote financial inclusion.

Greater efficiency in the fight against counterfeiting

The Swiss economy is disproportionately affected, with Swiss owners of trade marks coming fourth in the world rankings of companies affected by counterfeiting.

Advisory board for future of Swiss financial centre submits strategic roadmap for financial market policy to Federal Council

Another priority, in the board's view, is the fiscal liberalisation of the Swiss capital market.

Legal,Regulation,Tax & Compliance