Managers of Wealth

Credit Suisse Files Five Greensill-Linked Insurance Claims

Some of the claims submitted were related to both funds but the bank did not specify with whom it had made the filings.

Being on top of Ultimate Beneficial Ownership Compliance

While for lawmakers it is still a field for further discussion, companies in different jurisdictions are required to be compliant with the UBO laws already set out.

UK launches consultation on domestic implementation of global minimum tax for large multinational groups

The UK government has today (11 January 2022) published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically implemented.

Zero Hour for Independent Asset Managers

Institutional investors throughout Europe have pledged Quaestor Coach about $300 million, mainly for Swiss buys.

Kim Kardashian, Floyd Mayweather Jr., Others Sued Over Cryptocurrency Promotion

Lawsuit alleges celebrities made false or misleading statements to investors about EthereumMax; company disputes allegations

Update on the Delisting of The Bahamas From the European Union List of Third-country Jurisdictions

The engagement with the EU DG FISMA began in August 2020 and culminated with The Bahamas' submission of additional information and data in early October 2021.

Credit Suisse Vs Softbank: Gloves Off

The dispute involves Greensill, the defunct supply chain financier backed by Softbank which is at the center of a $10.1 billion fund blow-up at Credit Suisse.

Record year for Open Market activity in Guernsey

Figures reveal that there were a total of 127 Open Market transactions in 2021

Is Jersey part of the UK for probate purposes?

Trust and estate practitioners in Jersey and in the UK are well versed at advising clients the opposite however – that Jersey does not form part of the UK.

Expansion and sustainability – TISE evolves in 2021 with Carey Olsen as the leading listing agent again

The most notable change being the separation of the rulebooks and fee schedules for debt and equity securities, with the creation of a dedicated Qualified Investor Bond Market.

Brexit: Fresh Perspectives

The UK has left the EU but there remains a vast array of operational and legal issues for businesses to address. See below for our perspectives on the key challenges and opportunities that Brexit presents for different industries and sectors.

Credit Suisse Wins U.S. Court Order For Softbank Documents

It is specifically seeking communications and information from board meetings at Katerra – a U.S.-based construction firm that included Softbank’s Vision Fund as a major investor.

Top UK law firm fined record sum for breaching money-laundering rules

Mishcon de Reya agrees to pay fine of £232,500 after investigation by Solicitors Regulation Authority

Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince

filing. The property estate, situated close to the storied Wentworth Golf Club outside London, was valued at 35 million pounds ($47 million) in 2019.

Hong Kong Sends Bankers Home

The government says on its website that the enhanced restrictions will take effect from 7 January and last for 14 days.

Swiss Prosecutor Objects to Returning Uzbeki Millions

More than 800 million Swiss francs ($873 million) in the case have been blocked since 2012, mainly at Geneva’s Lombard Odier.

Ten Surprises of 2022

Byron defines a “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening.

Orell Füssli and Swisscom enter into strategic partnership for digital certificates

The future digital certificates should be integrated seamlessly into digital business processes and thus increase efficiency, simplify processing, and enable new business models.

Elon Musk says his taxes are simple and that he doesn’t use offshore accounts or tax shelters in response to Sen. Warren’s ‘freeloading’ claims

The Democratic senator had accused him of “freeloading” over taxes after he was named Time’s Person of the Year, and Musk snapped back by calling Warren “Senator Karen.”

Associate of Accused Ex-Raiffeisen CEO Speaks

He conceded that he didn't discuss the transactions with his board at the time.

Legal,Regulation,Tax & Compliance