Managers of Wealth

FCA takes alleged insider dealing brothers to court

The FCA said the brothers had made a profit of about £142,000 from the alleged insider dealing.

The Cape Town Convention five years on

In the five years since the Convention came into force we have advised leasing companies, aircraft owners, lenders and others that use Cayman structures for financing and leasing aircraft on the rights and interests conferred by the Convention and the imp

Employers: can you inoculate against racism?

The Court considered it legitimate to reflect on not only what steps had been taken by the employer but also how effective those steps were likely to be when they were taken and, in appropriate circumstances, how effective they proved to be in practice.

Globally Mobile Employees – UK and EU Social Security Update

The new arrangements for multi-state workers and detached workers posted for up to two years are now in effect.

English High Court considers limits of the extraterritorial reach of the GDPR in relation to an overseas website

To bring a claim under Article 79 of the GDPR, the claimant had to persuade the court that the defendants' processing of the claimant's personal data fell within the territorial scope of the GDPR in either Article 3.

Carey Olsen takes over as leading legal adviser to Jersey funds industry

Confirmation of Carey Olsen as Jersey's leading law firm for investment funds follows 10 years of considerable client growth in the sector, including a 115% increase since 2010 in the number of Jersey serviced funds it provides legal advice to and a

London fights for its financial crown, but it will be a stretch

The EU has long resented the UK’s clout in financial services, and now Brexit has given it a chance to take the Square Mile down a peg

How is Brexit affecting UK employment rights?

There was a political backlash and considerable speculation that British workers were about to see a ‘bonfire of rights’, particularly in relation to working hours and holiday pay.

High Court rules on 'value' in post bankruptcy petition payments

This is an important and useful decision, finally giving a reported authority based on which insolvency practitioners can analyse the meaning of "value" when looking to see if payments made after a bankruptcy petition can be overturned for the b

Unexplained Wealth Orders in the UK: What Will This Year Bring?

It is inevitable that more UWOs will follow this year, and clarity about what they are and what they do is key to keeping both successes and setbacks in proper perspective.

Venezuelan tied to epic corruption case funneled millions into secretive Luxembourg companies

These Venezuelan defendants have been charged here because federal investigators have collected evidence showing they used the U.S. banking system and real estate market to hide their allegedly tainted assets.

US Beneficial Owner Disclosure Rule

A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th

Luxembourg: No Interest And Royalty Deduction For EU Non-Cooperative Tax Jurisdictions

The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.

Credit Suisse's Buries Mortgage Case for Good

The MBIA settlement comes just 12 weeks before Urs Rohner ends his tenure as chairman of Credit Suisse and Lloyds CEO Antonio Horta-Osório takes over.

Big Law Partners May Be Warming to Pricing Ideas They’ve Fought

But looking to the future, only 40% viewed lawyer resistance as a top challenge.

Taxes and support for the sports sector: new contract requirements for professional athletes and clubs

The tax provisions are valid for five years and can be extended for a further five years under certain conditions.

A Massachusetts trust company is adding billions of dollars with a secret weapon -- a Cayman Islands-style tax haven, also known as New Hampshire

Fiduciary Trust Company is sheltering billions of dollars in a Granite State subsidiary to take advantage of the state's low tax burden.

Legal,Regulation,Tax & Compliance