10/25/2021
The agreement, if implemented, could increase the complexity of the international tax system. Pillar One requires new source rules and dispute resolution procedures specific to those MNEs subject to the special nexus rule.
10/24/2021
Understanding the application of the NYFCA to these types of claims requires more judicial guidance—and subtle aspects of recent decisions have the potential to shed new light on the application of the NYFCA to tax claims in court.
10/23/2021
Cryptoasset investment fraud: inside the investigation
Cases are on the rise and the value of misappropriated assets increasing.
10/22/2021
The U.S. lawyer says she is troubled by the pressure on compliance officials resulting from a weighty regulatory sanction over criminal wrong-doing in Mozambique.
10/22/2021
In many of these jurisdictions, sometimes referred to as tax havens or secrecy jurisdictions, associated tax rates may also be low, or even nil.
10/22/2021
Because of obvious irregularities revealed by the media and the subsequent criticism by Brussels, it was terminated in 2020.
10/22/2021
The Swiss lender helped to arrange nearly $1bln in bonds plus a syndicated loan between 2013 to 2016
10/22/2021
Investec issued these in its capacity as the pension funds' custodian bank.
10/22/2021
United States: Challenges expected in US implementation of OECD agreement on global tax reform
While this agreement is a key milestone in the process, there is still a great deal of technical work ahead, and implementation of the agreement—targeted for 2023—will have its own challenges, including in the US.
10/22/2021
The FATF has long warned of the dangers associated with networks of anonymous shell companies and legal arrangements.
10/22/2021
Jurisdictions under Increased Monitoring - October 2021
The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members and all jurisdictions to take into account the information presented below in their risk analysis.
10/22/2021
Norton Rose Fulbright named ‘ESG Legal Advisor of the Year’ at inaugural IJGlobal ESG Awards
Norton Rose Fulbright was shortlisted for the award based upon its extensive breadth of ESG-related work and activity over the last year.
10/22/2021
It isn't clear whether the investigation in Munich is widened to the bank, which didn't comment, or any employees.
10/21/2021
After the Spanish bank yanked the job offer three months later, Orcel sued to be reinstated, or recompense.
10/21/2021
Cum-ex is in the jargon of investment banking, a complex type of trading "strategy".
10/21/2021
The Chambers UK rankings follow last month's publication of the 2022 edition of The Legal 500 UK, which also saw Carey Olsen lead offshore firms in the Channel Islands with 18 top-tier rankings.
10/21/2021
An industry perspective
10/20/2021
Sustainability disclosure is now the top of the agenda for the world’s largest investors, companies and regulators in almost every major market.
10/20/2021
FINMA’s investigation focused on how the bank managed and controlled observations, which can involve significant legal and reputational risks.
10/20/2021
Overall FINMA concludes that the Group’s risk management in connection with the Mozambique loans was seriously deficient.