Search Results for: legal
UBS Belgium Chief Charged in Multibillion-Euro Tax Probe
June 20th, 2014
Marcel Bruehwiler, chief executive of UBS AG’s (UBSN) Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the Swiss bank. Prosecutors said the investigation deals with ...
Japan not regulating bitcoin, for the moment
June 20th, 2014
Japan’s leading Liberal Democratic Party said it decided against regulating bitcoin for the time being, after the collapse of Tokyo-based bitcoin exchange Mt. Gox prompted them to consider more scrutiny of the virtual currency. Mt. Gox, once the world’s ...
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Argentina shares fall on debt repayment doubts
June 20th, 2014
Argentina’s stock market closed 4.9% lower on Thursday after the country’s cabinet chief said there would be no delegation to the US to negotiate with bondholders over a $1.3bn (£766m) debt. Earlier this week, a US Supreme Court ruling ...
Tim Carmody’s chief justice elevation denounced by Queensland judge
June 19th, 2014
A Queensland court of appeal judge has become the first sitting justice to criticise Tim Carmody’s appointment as the state’s next chief justice, calling on him to withdraw. Justice John Muir is the latest senior legal figure to attack ...
Bank of America instructs Shearman & Sterling disputes head for forex lawsuit
June 19th, 2014
Shearman & Sterling has landed a major advisory role for Bank of America on a sprawling US lawsuit over alleged rates rigging in the foreign exchange market. A filing earlier this month shows a New York-based group of Shearman ...
Six banks sued over trustee roles
June 19th, 2014
A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed securities in the lead up to and during the financial crisis. In six ...
There Might Be a Lot of Insider Trading
June 18th, 2014
As I may have mentioned over and over and over and over and over again, the first rule of insider trading is just don’t insider trade, but the second rule is: If you have inside information about an upcoming ...
Tax avoidance company threatens to sue Deloitte
June 18th, 2014
Icebreakers Management, the company behind the tax avoidance scheme used by pop band Take That, has threatened Deloitte with legal action. Icebreaker Management created the Icebreakers tax avoidance scheme which was used by Take That stars Gary Barlow, Howard ...
IMF in warning over Argentina ruling at US Supreme Court
June 18th, 2014
The International Monetary Fund (IMF) has warned that Argentina’s legal defeat in its fight against hedge fund investors may have wider implications. On Monday, a US Supreme Court ruling sided with bondholders demanding Argentina pay them $1.3bn (£766m). The ...
