Search Results for: legal
Swiss officials search Sarasin bank in German tax probe
October 24th, 2014
Swiss authorities have searched the offices of private Bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes, a Zurich prosecutor ...
Copyright claims against YouTube ‘unfair’, says co-founder
October 24th, 2014
The co-founder of YouTube, Chad Hurley, has said legal cases launched against the video-sharing website have been “unfair” and blamed traditional television broadcasters who are scared of losing their influence in the distribution of content. Multiple copyright cases have ...
Skill set needed to make Cyprus a Strong Fund Jurisdiction
October 23rd, 2014
Despite the current financial crisis and recession that we are experiencing, one industry that stands out, is resilient, and is growing is the Financial Services. Despite the reputational damage that we suffered following the events of March 2013, many ...
The TPP’s Missing Ingredient
October 23rd, 2014
Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the ...
CySec: acquisition of Administrative Services Providers (ASP) licence
October 23rd, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): RCB Trustees (Cyprus) Limited Crendaro Investments Limited The ...
Hong Kong Is Hot Spot for U.S. Lawyers as Probes Rise
October 22nd, 2014
When Cathy Palmer first came to Hong Kong as a U.S. prosecutor more than 20 years ago, she was chasing heroin-smuggling triads who later sent a booby-trapped package to her Brooklyn office. Since March, she has been in the ...
CySec: acquisition of Administrative Services Providers (ASP) licence
October 22nd, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Amicorp (Cyprus ) Limited O.T.A Orphanides Trust Agency ...
EU Reaches Trade Deal With East African Community
October 22nd, 2014
The European Union has said the conclusion of a new trade deal with the East African Community (EAC) means that EAC countries no longer have to worry that their improving economic status will lead to the loss of full ...
Italy uncovers EUR 1.7 bn vast corporate fraud
October 22nd, 2014
Italy’s financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros ($2.2 billion) of tax. “The illegal activity has led, over the ...
Samuel Wyly in Bankruptcy Facing $400 Million Forfeiture
October 21st, 2014
The U.S. businessman Samuel Wyly, who may have to forfeit as much as $400 million after being found liable for using offshore trusts to hide stock holdings and make illegal trades, filed for bankruptcy. Wyly, 80, listed assets and debt ...
