Managers of Wealth

EFAMA outlines strategy to improve ELTIF regime

From that perspective, the ELTIF Regulation has failed to meet its objective of boosting European long-term investments in the real economy.

Swiss Criticized Over Money Laundering Lapses

The so-called Corruption Perceptions Index (CPI) doesn't factor in how well countries combat money laundering.

Year-end tax planning: Taking the right steps for your business

As tax year-end approaches, it’s important for owners of small businesses to make sure they’re making the most of their allowances.

Brexit - ESMA reminds firms about MiFID rules on reverse solicitation

This stands regardless of any contractual clause or disclaimer purporting to state, for example, that the third country firm will be deemed to respond to the exclusive initiative of the client.

The Status of EU–UK Data Flows Following Brexit

The transfer of personal data will be subject to a separate adequacy decision from the EU due in early 2021.

Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

Policymakers need to use this time to safeguard financial stability by employing macroprudential measures

Challenges of Regulatory Reporting 2021

These challenges are set to continue into 2021 and beyond, as the sector continues to deal with unprecedented levels of complex regulatory change and ongoing, large-scale external stress events.

China's growing power scaring ordinary savers out of Hong Kong

The Hong Kong police cited money laundering as the reason for requesting the accounts be frozen

MEPs vote to add Channel and British Virgin Islands to tax haven blacklist

UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership

Relocating to Italy: the Italian Tax Authority unveils new rules for employees

Individuals who meet these criteria are subject to individual income tax in Italy on only 30% of their employment/self-employment/business income.

"Judgment laundering" doesn’t wash with the English Court of Appeal

While the Cayman Islands judgment was within the literal definition of the term “judgment” in the 1920 Act, Lord Justice Males preferred a more purposive construction.

Postfinance: a Gordian knot for the Federal Council

If Postfinance were no longer a state bank, that argument does not apply - but not necessarily the resistance of competitors.

Carey Olsen advises Montana Capital Partners on its fifth secondary fund

Carey Olsen partner Chris Griffin led the team, advising on the Jersey aspects of the fund's launch, assisted by senior associate Sarah Townsend and associate Luke Costello.

Boris Collardi Out of the Woods in Graft Probe

These investigations concerned in particular four high-ranking managers.

Fallen tycoon faces jail after failing to turn up to court

A warrant was issued for his arrest.

Post-Brexit Personal Data

With effect from 1 January 2021 the UK became a "third country" to EU Member States for data protection purposes.

Stephenson Harwood advises Primonial REIM on real estate acquisition

The acquisition of this supermarket, which was previously held owned by a private individual, will strengthen Primonial REIM’s existing portfolio of shops.

Luxembourg tax authorities issue a circular on interest deduction limitation

The purpose of the LTA's administrative circular 168bis/1 (the Circular) is to clarify some of the concepts and key aspects of this piece of legislation, through numerical examples.

Carey Olsen remains out in front as leading legal adviser to Guernsey investment funds

The increase in Carey Olsen's market share is a reflection of the calibre and strength in depth of our funds team, the quality of relationships we hold with both clients and the onshore advisers who select Carey Olsen as well as the confidence that i

Can employers require employees to have a Covid vaccination?

We know that the Covid vaccines reduce but do not entirely eliminate the risk of catching Covid. It is hoped that the vaccines will also reduce the risk of transmitting Covid

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