Should Swiss Banks Worry About EU Asset Register?
A tender for a feasibility study by the bloc on a potential asset register has sparked fears about the prospect of citizens having to account for every last cent.
Legal
2117 articles found
Hong Kong Develops System to Prevent Archegos Repeat
Earlier this year, Wall Street experience one of the most spectacular collapses from up to $50 billion of highly leveraged bets from Archegos
US billionaires’ tax-saving ploys are giving others ideas, as politicians take note
An exposé provides a how-to guide for the aspirationally wealthy across America
Milbank Advises General Atlantic on Joint Venture
General Atlantic will serve as one of four partners in the venture, supporting the group with its international expertise in the field of digital marketplaces.
Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe
A prosecutor then told tax authorities that Hinduja still resided in Geneva, despite claims of residency in Monaco since 2007.
Bedell Cristin advises Ocorian on the acquisition of Trust Corporation
This acquisition enhances Ocorian’s ability to provide a comprehensive service offering to private clients and international corporates in Guernsey alongside its existing strength in fund administration.
Charles Kolstad featured in Tax Notes article on necessary cryptocurrency tax preparations
Charles goes on to highlight that determining an appropriate valuation method for a cryptocurrency is an issue that needs to be addressed.
Switzerland proposes Geneva as headquarters for planned International Sustainability Standards Board (ISSB)
Geneva has a global outreach and is recognised throughout the world as an independent and neutral negotiation venue.
English courts confirm extensive remedies available for victims of cryptocurrency fraud
A key part of the legal test as to whether a Bankers Trust order should be made is whether there is a real prospect that the information sought will lead to the location or preservation of those assets.
Madoff Victims Get Second Crack at Citigroup’s $343 Million
Picard claimed Citi failed to act on red flags concerning Madoff, but a bankruptcy court dismissed the suit, finding the trustee had not shown the bank acted with “willful blindness” to possible fraud.
Hackers Steal Data from Neuchâtel Cantonal Bank
The attackers succeeded in exploiting a vulnerability in the BCN website that has since been dealt with.
Tech and Digital Regulation
Almost weekly there are new headlines warning of risks and perils of ‘big tech’ and misuse of data. Now, more than ever, it is important to ensure public trust in technology, its providers, and to advocate for global standards.