Legal Archives - Page 54 of 211 - Managers of Wealth

Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree – reports

May 18, 2023

Holders of Credit Suisse AT1 bonds have forced the Swiss regulator to hand over the decree that ordered the wipeout of $17bn of the bank’s riskiest bonds. A group of Swiss and international investors representing over CHF 4.5bn ($5bn) of Credit Suisse AT1 bonds sued the Swiss Financial Market Supervisory Authority (FINMA) on 18 […]

Legal

Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth

May 17, 2023

The minimum amount of tax paid by new high-net-worth residents moving to Jersey is set to rise. Currently, people relocating to the island on a '2(1)(e)' licence – previously known as a 'J-cat' licence – have to pay at least £170,000 in taxes to the island's government each year. But if a proposition […]

Legal

UBS filed an amended Form F-4 registration statement with the SEC

May 17, 2023

In connection with the planned acquisition of Credit Suisse, UBS Group AG has filed a registration statement on Form F-4 with the US Securities and Exchange Commission (SEC) covering the UBS Group AG shares to be issued to Credit Suisse Group AG shareholders in the acquisition. UBS filed today Amendment 1 to the registration statement, […]

Legal

Crypto «Wunderkind» in Severe Breach of Swiss Regulations

May 17, 2023

Finma sanctions the Dornhii Foundation and its founder Dadvan Yousef. The accusations against the once-idolized young crypto entrepreneur are many. The list of sins against the Dornhii Foundation and its founder Dadvan Yousef published by the Swiss financial regulatory Finma on Wednesday is long. The foundation, which sold digital tokens to private individuals, had […]

Legal

EU Weighs Easing Burden for Banks Dealing With Wealthy Clients

May 16, 2023

The European Union’s executive arm is planning to propose making it easier for banks to advise affluent clients as part of a sweeping overhaul of investment rules in the bloc. A draft document obtained by Bloomberg would reduce the criteria for being classified as a professional investor to having wealth of €250,000 ($271,890), down […]

Legal

Corfinancial implements CSDR compliance software at Man group

May 15, 2023

With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.

Legal

Is now a sensible time to introduce a wealth tax in the UK?

May 5, 2023

Tax policy should have the effect of maximising the tax take while minimising the damage to the tax base

Legal

Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out

May 5, 2023

Between 2000 and 2500 appellants

Legal

Asia’s Credit Suisse’s AT1 Holders File Lawsuit

May 4, 2023

The news agency indicated that the legal claim was filed in Switzerland on Wednesday, 3 May 2023, citing Mahesh Rai, a Singapore-based lawyer for Drew & Napier LLC.

Legal

Key regulatory considerations in wealth management M&A

May 2, 2023

In this series of articles, we look at a variety of aspects in M&A transactions which can affect value, for buyer or seller, and propose ways of addressing these in the commercial terms to enhance value.

Legal

Luxury property hit by tax hikes for foreigners

April 28, 2023

The Singapore government's decision to double stamp duties for foreigners could slow down purchases of luxury homes and affect the city-state’s competitiveness as an investment hub.

Legal

Time to lock in yields as central banks near end of hiking path

April 27, 2023

The European Central Bank is also likely to push borrowing costs higher at its policy meeting next week.

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