Managers of Wealth

Hong Kong offers HK$1 million incentive to jump-start open-ended funds

Scheme seeks to boost city’s position as investment gateway to China’s GBA

Rogue branch lawsuit prompts Morgans payout offer

The settlement offer, revealed by The Australian Financial Review, follows Morgans’ own internal investigations having raised alarms about the branch.

Swiss Lawmakers Want to Weigh in on Credit Suisse

The central question is whether regulation of major banks needs to be tightened,» she told the Swiss weekly.

Swiss Lawmakers to Debate Stricter Banking Regulations, SZ Says

Lawmakers have to weigh possible tighter rules for risk management, the provision of capital buffers and remuneration policies, Prisca Birrer-Heimo, a councillor with the Social Democratic Party, told SZ.

Credit Suisse under growing pressure to compensate clients over Greensill

The collapse of the supply chain finance firm has hurt more than 1,000 of the bank’s customers

Swiss Life Settles U.S. Offshore Tax Probe

The recovery...sends an unequivocal message that offshore evasion is still a high priority of Internal Revenue Service Criminal Investigation

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

The Broadridge Global Class Action Annual Report offers an in-depth analysis of the 10 most complex class action recovery opportunities from 2020 involving financial instruments.

GFSCommission’s 2020 Annual Report

Much of the key policy work undertaken last year was designed to assist industry

Fears of ‘significant deterrent’ for whistleblowers as top EU court quashes Lux Leaks case

The European Court of Human Rights ruled that Luxembourg’s treatment of whistleblower Raphael Halet “struck a fair balance” between protecting his freedom of expression and the rights of PwC, despite objections from two dissenting judges

PIMFA welcomes FCA proposals to enhance consumer protections but warns against unintended consequences

o that end we agree with the Financial Conduct Authority (FCA) that ensuring a high level of protection is a key part of ensuring consumer confidence.

Simplifying the VAT Land Exemption

The consultation represents an opportunity for clients to make representations to HMRC to simplify this area and it is perhaps an opportunity for the UK government to use the post-Brexit VAT landscape to make more use of the zero-rate to assist the govern

Guernsey Update: New Plans for Bringing Partnerships in Scope of Economic Substance Rules

These changes will be most relevant to the funds industry in Guernsey

Do we need ‘public money’? - speech by Jon Cunliffe

The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world.

Shall we summer in Saint Tropez, darling? Ban for non-essential travel into the EU to be lifted soon

The Commission proposes to lift travel restrictions for people who have received the last recommended dose of an EU-authorized vaccine at least 14 days before arrival to the EU.

PIMFA welcomes publication of Online Safety Bill

But while the Bill attempts to tackle fraud via user generated content on social media sites and dating apps, paid for online adverts from fraudsters and cloned – and therefore fake – investment firm websites appear conspicuous by their absenc

Law firm sets up UK wealth management service

It will provide advice on a range of issues including succession planning and cross-border estates EmailFacebookTwitterLinkedInPrint

Carey Olsen advises Nuvemshop on funding round to drive LatAm expansion

The Carey Olsen team advising Nuvemshop on the Cayman law aspects of the funding round was led by corporate partner Alistair Russell, assisted by associate Emily Cornhill.

Carey Olsen advises TriSpan on latest mid-market fund launch

It will typically seek majority investments in proprietary buy and build opportunities alongside strong founders and management teams with a focus on multi-unit health care, business services or specialty manufacturing with limited use of leverage.

Prince Andrew cuts ties with ex-Coutts sex claims banker

The Duke of York has ended his controversial business association with a former Coutts banker who was accused of sexual harassment.

Avoiding Pitfalls When Buying Property Abroad

The advantage of having a local Will, in addition to a UK Will dealing with the rest of your estate, is that it can make the probate process easier for your executors.

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