Managers of Wealth

Switzerland helps Japan investigate Ghosn cases

French media have reported Ghosn was making preparations since around last year to move his tax domicile to Switzerland, which offers preferential tax treatment to the rich.

Global tax transparency and the nonprofit sector

Within this, the frustrations of non-profit organizations deserve particular attention.

Swiss Pilatus Flies into Corruption Allegations

The Swiss aircraft maker won a bid in 2012 to provide 75 PC-7 planes to India, though the CBI’s report claimed that Pilatus in 2010 transferred more than $1 million to a bank account “linked to the consultancy Offset India Solutions Private Lt

Tax laws of 12 low-tax countries ‘don’t harm other countries’, says OECD-led 131 country coalition

The premier encouraged tax administrators to share their respective experiences and try to come up with a regional collaborative framework to address these challenges.

Supreme court rules UBS must hand client data over to France

This represents a significant change, as it overturns a decision previously made by the Swiss Federal Administrative Court in 2018.

Deutsche Bank Launches Client-Data Compliance Probe after Layoffs: FT

The internal probe, lead by the bank’s global compliance chief Jeremy Kirk, will seek to determine whether ex-bankers accessed price-sensitive data

Why Compliance (Still) Matters

Law enforcement authorities have clarified what they expect to see in a well- maintained corporate compliance regime and how the presence (or absence) of those elements will be weighed when determining critical components of corporate resolutions

Migrating to Guernsey: A jurisdiction of quality and substance

Migrations are usually from familiar offshore jurisdictions.

Important Bermuda decision concerning confirmation of actions of invalidly appointed trustees

The Chief Justice granted the orders sought and in doing so accepted that the court had an inherent jurisdiction to intervene in the administration of a trust to approve certain acts which were in fact an effective departure from the trust.

Rich and famous face £500m bill over tax avoidance film scheme

Ingenious Media, a financing company that funded more than 60 films including Avatar and Brooklyn, was accused of persuading David Beckham, Guy Ritchie, Sacha Baron Cohen and others to put money into an investment scheme that used artificial losses to gen

Corbett le Quesne shortlisted in two Citywealth IFC Awards categories

We are especially excited to be nominated in the Boutique Law Firm category

UK and Switzerland reach ‘no-deal’ Brexit labour agreement

Means business as usual for financial services firms in both countries

Series of nominations for Carey Olsen at Citywealth IFC Awards 2020

Now in their ninth year, the awards were established to highlight the excellence of the advisers and managers in the private wealth sector

Carey Olsen on offshore shortlist of three for Chambers High Net Worth Awards 2019

The awards take place at the Underglobe in London on Thursday 3 October.

Tax Treaty Updates: New treaty protocols ratified by Senate - Deloitte

The new treaties/protocols address various topics, including withholding taxes on transactions between US and foreign companies, and taxation of both individual and corporate taxpayers to avoid double tax situations.

European Commission calls for better implementation of rules on money laundering and terrorist financing

Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules

Legal Frontiers in Bermuda

It has become clear throughout the advancement of financial innovation in Asia that a sound legal and regulatory regime in which businesses can operate is key to success.

Switzerland abolishes bearer shares

The abolishment of bearer shares is all encompassing, and from the 1st January 2020, no Swiss company will be able to issue bearer shares – even if they are able to do so currently.

European Commission Calls for Tougher Action on Money Laundering

One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering

Football added to EU money-laundering risk list

Freeports among concerns as Brussels admits weaknesses in fight against illegal flows

Legal,Regulation,Tax & Compliance