Search Results for: legal
Citigroup’s $600M about-face
October 31st, 2014
Citigroup restated its previously released third-quarter profit report by $600 million Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses. The global banking giant said the ...
Antitrust Goes International
October 30th, 2014
In a globalizing world economy, it’s perhaps no surprise that mergers and acquisitions are also crossing national borders more frequently–and that the risk of cartel-like behavior across national borders is also rising. The OECD lays out some background in ...
Governments sign deal against tax evasion
October 30th, 2014
Fifty-one countries have pledged to pass on financial data after signing an agreement in Berlin to crack down on tax evasion. The transparency drive, which will launch the automatic exchange of tax information between countries, was hailed by finance ...
Top judges come together to judge The Lawyer European Awards
October 29th, 2014
A stellar line-up of judges for The Lawyer European Awards 2015, representing a wealth of experience within the Continental European legal market, is today revealed. The 25-strong judging panel includes a number of partners from UK top 50 firms ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Skanestas Investments Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
Billionaire Banned From Markets Increases DLF Risk
October 27th, 2014
The risk of India’s biggest property developer reneging on its debt in the year has surged to a 2009 high after it was barred from capital markets by the regulator. The median probability of nonpayment by DLF Ltd. (DLFU) ...
Latham and Bakers’ Saudi associates take key roles on $6bn National Commercial Bank IPO
October 27th, 2014
Latham & Watkins and Baker & McKenzie’s association firms in Saudi Arabia have won key roles advising on the IPO of the country’s largest lender, the National Commercial Bank (NCB). The $6bn (£3.7bn) flotation is the largest-ever listing in ...
EU Value-Added Tax Reforms Closing The VAT Gap
October 27th, 2014
The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance in 2012 – a figure equal to 16 percent of ...
Hong Kong-Shanghai Stock Connect delay hits bourse shares
October 27th, 2014
Shares of Hong Kong Exchanges and Clearing have tumbled by as much as 5% to a six-month low after a landmark scheme to connect it with Shanghai’s stock market was delayed indefinitely. Hong Kong’s benchmark Hang Seng Index also ...
US firms now dominate London, UK200 shows
October 27th, 2014
The largest US firms are now so entrenched in the UK legal market that they are collectively generating over £2bn annually and are major players in the 100 firms bringing in the most revenue from the UK. New research ...
