Search Results for: legal
EU Lays Down the Law on Tax Deals as Apple Probe Continues
May 20th, 2016
EU regulator clarifies rules for profit-shifting arrangements Transactions between units should be at market prices The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid ...
New York attorney receives 5 years’ imprisonment for Ponzi scheme
May 20th, 2016
‘I don’t want anyone here to think that lawyers are like this. It’s just me.’ A former Skaddens attorney was sentenced to five years in prison yesterday after operating a Ponzi scheme which defrauded around 30 of his friends ...
Russia’s ‘Bitcoin Ban’ Faces Uncertain Future After Draft Bill Withdrawn
May 20th, 2016
A bill prepared by Russia’s Ministry of Finance targeting the creation and circulation of so-called money surrogates, a classification that would include digital currencies like bitcoin, has been at least temporarily withdrawn from consideration following comments from the country’s ...
EU Council confirms securities market rules MiFID II delay
May 20th, 2016
On 18 May 2016, the Permanent Representatives Committee (Coreper) approved, on behalf of the Council, an agreement with the European Parliament on a one-year delay to new securities market rules. The one-year postponement of the transposition and application dates will ...
High Court rejects Big Tobacco’s appeal against plain packaging
May 20th, 2016
Four of the world’s largest tobacco companies have lost a high-profile legal challenge against the UK government’s new rules on plain packaging for cigarettes. British American Tobacco, Imperial Tobacco, Philip Morris International and Japan Tobacco International launched a High ...
New domestic and EU laws will stub out menthol cigarettes and 10-packs from tomorrow
May 19th, 2016
Smokers are in for a bitter cocktail of regulation tomorrow as EU and UK laws come into force, phasing out 10-packs, menthol cigarettes and introducing new plain packaging rules. Manufacturers will be banned from producing 10-packs of cigarettes under ...
Former KPMG partners arrested in ‘publicity stunt’, court told
May 19th, 2016
An investigation into suspected tax evasion targeted four former partners at Belfast accountancy firm KPMG in a publicity stunt, the High Court heard. HM Revenue and Customs misled judges into granting warrants to search the executives’ homes and offices ...
Bitcoin Got 99 Problems, But What Are The Solutions?
May 19th, 2016
As the volume of transactions on the Bitcoin blockchain keeps increasing, transaction delays have become more apparent. The problem relates to how transactions are processed on the blockchain. Are there any solutions offered by the Bitcoin community yet? Bitcoin ...
International law firm opens office in Taipei to serve the growing demand in Taiwan
May 19th, 2016
International law firm Vinson & Elkins LLP announced the opening of an office in Taipei, to serve the growing demand of the firm’s clientele in Taiwan and the Asia Pacific. V&E partners David Tsai and Christopher Kao will oversee ...
Privately educated dominate senior ranks at top law firms
May 18th, 2016
The biggest diversity survey of the legal profession yet undertaken charts patchy progress on gender and race – but privately educated solicitors remain vastly over-represented in the senior ranks of the biggest firms. The Solicitors Regulation Authority’s third diversity ...
