08/06/2019
SFC bans former UBS director for life
The case was referred to the SFC by the Hong Kong Monetary Authority (HKMA).
Legal,Regulation,Tax & Compliance
08/05/2019
Carey Olsen advises on £47.6 million sale of IFC 5 in Jersey
The Carey Olsen cross-practice team for the IFC 5 sale was led by partner Alex Ohlsson
08/05/2019
Finma adds six firms to warning list
Here are the latest additions to Finma's warning list.
08/04/2019
Wealth manager struck by golf cart at posh club to get $3.65M
The jury verdict awarded $1 million in damages for pain and suffering, $150,000 for future medical expenses and $2.5 million for the economic wage losses.
08/02/2019
Nebraska sues Hilton over hotel 'Resort Fees'
This new lawsuit is particularly significant because it was filed just two weeks after the District of Columbia filed a similar suit against Marriott.
08/02/2019
Is inheritance tax fair? Allowances, thresholds and reducing liabilities
Inheritance tax is also seen as unfair because the government is consistently increasing its revenue, while the thresholds for inheritance tax have been frozen for a decade.
08/02/2019
Leading offshore law firm Shortlisted as Law Firm of the Year in Five Categories
Awards aim to highlight the excellence of advisers and managers in the private wealth sector in major international financial centres.
08/01/2019
Appleby Sees Listing Deal Value Total Increase to a Record HK15.5 Billion in the First Half of 2019
Companies from the Cayman Islands and Bermuda currently make up more than 70% of all entities listed on the main board of the Hong Kong Stock Exchange, almost all of which also maintain British Virgin Islands entities as part of their group.
08/01/2019
Suspicious Minds: Guernsey's Anti-Money Laundering Regime
The background of the matter concerned a request by the principle beneficiary of a discretionary trust, to terminate the trust.
08/01/2019
New Economic Substance Regimes in the BVI, Cayman, Guernsey and Jersey receive OECD Support
These latest positive endorsements follow the introduction of new substance legislation by the relevant authorities in each of our jurisdictions last year. The review was carried out by the OECD Forum on Harmful Tax practices.
08/01/2019
Ogier's private wealth team in Jersey continues to lead the market in new Chambers HNW Guide
The team's capabilities across both contentious and non-contentious matters are highlighted with an onshore interviewee observing that "they do a lot of private client work which is very interesting and high-value.
08/01/2019
British art dealer jailed in US over £25 million fraud
Sammons pled guilty on July 2 to 15 counts of grand larceny and fraud
07/31/2019
Global Registration Services -Market Update Q2 2019
Emma Conaty and Erin Meehan provide a global update on issues affecting the cross border marketing and distribution of investment funds.
07/31/2019
Commercial Court considers contractual discretion of bank to close customer account without notice where there is suspicion of money laundering
This is a perennial debate, and the recent Law Commission consultation on reform of the SARS
07/31/2019
Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions
These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the updated standard
07/30/2019
EU's move to strip market access likely to have little impact on Singapore
It is therefore removing a status that made it possible for European banks to rely directly on those ratings for the issuance of bonds, loans and other debt instruments.
07/30/2019
UBS close to settling in Italy money-laundering probe: sources
Last month, UBS settled its other Italian case, a related financial investigation, with tax authorities for 101 million euros.
07/30/2019
Collapsed Buyout Firm Abraaj Fined Record $315 Million by Dubai
At the time AIML entered into provisional liquidation, because of the activities referred to above, two funds managed by AIML had a combined shortfall of at least USD 180 million.
07/30/2019
Harneys launches Asia Trusts & Private Client Advisory Group
Harneys’ global trusts and private client practice has earned an international reputation for excellence due to its personal, commercially sensitive, and pragmatic approach.
07/30/2019
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.