10/24/2017
Two directors banned over £1M fine wine scam
The Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position.
Legal,Regulation,Tax & Compliance
10/23/2017
Two Appleby Partners Recognised as Most Influential Women in Re/Insurance
Kate and Fiona commented, ‘We are honoured to have been included within this prestigious report alongside such an influential group of women.’
10/23/2017
FCA fines Merrill Lynch £34.5m for reporting failure
MLI agreed to settle at an early stage of the investigation and received a 30% reduction in their overall fine. Without this discount the fine would have been £49,320,000.
10/23/2017
Appleby act as Jersey counsel to Kennedy Wilson Europe Real Estate merger
The merger was implemented by way of a members scheme of arrangement under Jersey companies law.
10/23/2017
Billionaire Phones4u boss says former colleague who accuses him of unfairly sacking her 'is the most amazing liar I have ever met' and denies dismissing staff when bonuses were due
Mr Caudwell denies 'always' setting bonuses high then finding way to fire worker
10/23/2017
Millennials - mischief managed
Personal data will be retained, no doubt, for different purposes and it is important to distinguish the personal data.
10/23/2017
After firings, Fidelity chief says no tolerance for sexual harassment
Bad press can be a concern to clients considering a new money manager due to performance or fees.
10/22/2017
Guernsey waives promoter licences for over 100 territories
The regulations are in force from today.
10/22/2017
US business goes in to battle for cherished tax breaks
Lobbyists descend on the Hill as Republicans debate eliminating popular loopholes
10/20/2017
Nine Appleby offices recognised in 2018 IFLR100 guide
The guide also noted “One of Appleby's key strengths is the working across its own jurisdictions."
10/20/2017
Launching an ICO through Cyprus
Each ICO will need to be evaluated on its merits
10/20/2017
Ex-SJP adviser jailed for gambling away £850k of client money
Pickering confessed to SJP in July 2016 and the company subsequently contacted his victims.
10/19/2017
Switzerland Agrees To Share Tax Information On Multinationals
Switzerland Has Attracted Hundreds Of Multinationals
10/19/2017
Macron lawmaker wants 'rich list' study amid wealth tax unease
Macron made good in early October on a campaign pledge to abolish the tax, earning him a “president of the rich” tag among critics.
10/18/2017
SIX Securities Services solves withholding tax issues for investors in Switzerland
Every year Swiss investors – usually unknowingly – incur significant losses because of the double taxation of interest and dividends from foreign companies.
10/18/2017
Home Office ‘illegal migrant’ crackdown to threaten bank clients
This opens up a Pandora’s Box of potential complications which could have far reaching effects on HNW foreign individuals’ ability to access their UK bank accounts.
10/17/2017
The GDPR and the Data Protection Law – Two Sides of the Same Coin
The good news for entities in Cayman comes in the form of the new Data Protection Law.
10/17/2017
Governments rapidly dismantling harmful tax incentives worldwide
Revenue losses from BEPS are conservatively estimated at USD 100-240 billion annually
10/17/2017
French finance expert tells High Court she was called 'corrupt and in need of psychiatric help'
Phones4u billionaire set up wealth management firm with French financier
10/17/2017
High Taxes Drove 80,000 Millionaires out of Their Countries in 2016: Where Did They Flee?
A similar phenomenon occurred in emerging countries.