08/16/2021
Legal implications of remote work arrangements: perspectives from the U.S., UK, and France
Failure to comply with the employer’s requirements may expose the employees to sanctions.
Legal,Regulation,Tax & Compliance
08/16/2021
Judge rules Credit Suisse banker was unfairly sacked over rogue trade
The tribunal also concluded that Volkova acted “dishonestly and without integrity, deliberately misleading her colleagues and disobeying reasonable instructions.”
08/15/2021
Millions of pounds could be flowing out of the UK every week as a result of private equity firms' reliance on tax havens
Private equity firms claim they use them because it is an easier way to manage the array of companies they often own or fund around the world.
08/15/2021
Dealing with GDPR: The retail sector’s Covid-19 by-product
This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information
08/15/2021
Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings
The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets.
08/13/2021
Tax havens meet monopoly power: why national competitiveness harms competition
There is more than one possible answer, but in many countries a “Competitiveness Agenda” holds sway.
08/13/2021
In the land where cash is king, new restrictions will bite hard
Are you planning on selling your boat? If it is priced at €10,000 or more you’d better be aware that it is illegal to receive payment in cash
08/13/2021
Ireland Update: Remote and Flexible Working is Here to Stay
The Health & Safety Authority ("HSA") previously published guidance on remote working, however this was primarily focused on the practicalities of short term homeworking necessitated by the Government restrictions imposed due to COVID-19.
08/13/2021
Cyprus requires beneficial ownership details for partnerships
The process for partnerships will be similar to that of the submission of beneficial owners details for companies.
08/13/2021
Hogan Lovells responds to the European Commission’s consultation on the AI Regulation
By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.
08/12/2021
Hope for Swiss Bankers Stranded by Indictments
The French banker just won herself a key victory in an issue that has also vexed a handful of Swiss bankers for more than a decade.
08/12/2021
Britain's Most Wanted Woman Laundered £1 Billion and Disappeared Into Thin Air
Sarah Panitzke was a well-off expat living in Spain when she became embroiled in a criminal enterprise worth £1 billion.
08/12/2021
Venezuelan’s bond: $21 million in Swiss account, plane, yacht, lots of Miami condos
Wakil must complete the transfer of $21.3 million from his Swiss bank account to the federal court registry in Miami, while federal authorities place liens on more than a dozen properties, a plane, a yacht and local bank accounts to cover the balance for
08/11/2021
Greensill Knew Key Borrower Was in Trouble
The Swiss bank's CEO, Thomas Gottstein, has said recovering investors' money is its top priority. Credit Suisse has so far returned $5.9 billion.
08/11/2021
The Continuing Saga of High-Net-Worth Individuals and Sports
One year ago, the Internal Revenue Service announced that it would be reviewing hundreds of high-income individuals’ tax returns in the last half of 2020.
08/11/2021
Global M&A Insights: New challenges, new opportunities
Carve-out and spin-off deals likely to increase as companies reorganise
08/10/2021
Investigation reveals how football can be used to launder money
The English Football League’s (EFL) Owners’ and Directors’ Test bars anybody who has an unspent criminal conviction with a sentence of more than 12 months from owning a club.
08/10/2021
New rules will finally unlock the UK Spac market
There will certainly continue to be strong competition from European neighbours – most notably the Netherlands and Luxembourg
08/10/2021
Wealthy divorces: the most fought-over assets in high net worth splits
Nick is a specialist family lawyer who focuses on all areas of family law, including issues arising from divorce
08/08/2021
CP21/26: A new UK prudential regime for MiFID investment firms
It represents a major change for investment firms. It is critical that firms adequately prepare for the regime.