Managers of Wealth

High Court dismisses mis-selling claim and clarifies standard of care required of financial advisors

In O'Hare v Coutts, the High Court dismissed a claim alleging that the defendant, a private bank, breached duties in contract and tort to use reasonable care and skill when recommending five investments that the claimants entered in 2007, 2008 and 20

This Christmas, give your loved ones a gift without the surprise tax bill

So what are the rules upon gifts?

Another blacklist, another hit list

What this faction wants is high taxes and, more importantly, tax harmonization.

Monaco strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters

The Convention will enter into force for Monaco on 1 April 2017.

HMRC claws back celebrities' tax profit on empty data centres

Project backers Harcourt Capital said it expected its first tenants soon.

Founder and Staff of Alan L. Goldberg, CPA Join EisnerAmper

Led by founder Alan Goldberg, who joins the firm as a partner, the team of nine professionals will support and extend the capabilities and scope of the firm’s Personal Wealth Advisory practice.

Trio of banks hit back at €485 million rate rigging fine

However, responding to the fines, the three banks have said they did nothing wrong with Credit Agricole declaring that it would appeal the decision while the other two are still considering an appeal.

Citi Private Bank Law Firm Group and Hildebrandt Consulting Announce 2017 Citi Hildebrandt Client Advisory

Based on the data compiled in this year’s advisory, 2017 will likely be another year of modest industry growth in an uncertain and fragile global economy and market for law firm services.

Gibraltar must 'act fast' to meet Rops reforms

Overseas pensions offered from Gibraltar are most at risk of losing their 'recognised' status when the UK brings in a new rule requiring such products to be regulated in the country where they are established.

Brazil court drops tax case against billionaire financier Safra

The media office of the Brasilia-based Regional Federal Tribunal for the 1st Region said the decision favoring Safra was approved by the court in a 2-to-1 ruling.

Succession planning – the importance of protecting your business

However, through thoughtful and thorough family and business discussions and understanding your business's governance, you can take steps to minimise the risk of disharmony and/or expensive court actions by planning ahead

Loans from parents hit by inheritance tax

Once UK residential property owned indirectly is brought within the scope of inheritance tax, the same rules, exclusions and reliefs will apply as they currently do to all other property.

Judge tosses $500 million fraud case against UBS

An investment vehicle that incurred the loss.

Mourant Ozannes Partners named in the 2016 IFC Powerwoman Top 200

In its third consecutive year, the Top 200 list honours the most powerful women in government, private wealth, education, private client advisory and philanthropy across the world's leading international finance centres.

Julius Baer cleared over missing German millions

The Zurich District Court, as the court of first instance, has issued its judgment in the case of the Bundesanstalt für vereinigungsbedingte Sonderaufgaben (BvS) versus Bank Julius Baer & Co. Ltd. and ruled in favour of Julius Baer. Julius Baer h

BDA Refutes Oxfam Report, Stresses Bermuda’s Global Economic Value

The island is a destination for financial investment by onshore pensions and governments amounting to more than $20 billion.

SEC Awards Nearly $1 Million to Whistleblower

SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity

Do you feel prepared for exchange of information?

This exchange of information will be repeated every year, with a further 47 countries starting to collect data in 2017

The IRS Wealth Squad: The Super-rich's Worst Nightmare

Since 2010, the IRS has unleashed a team of tax collectors that, officially, is named the Global High-Wealth Industry group.

UK Accused of Erecting Brick Wall Over Tax Havens, Laundering, Corruption

According to data released through the Panama Papers, over half of the 200,000 and more companies managed by the legal firm in Panama, Mossack Fonseca, were registered in the British Virgin Islands alone.

Legal,Regulation,Tax & Compliance