Search Results for: law
UAE and US sign agreement to provide tax information
June 22nd, 2015
The UAE and US have signed an agreement to implement America’s new Foreign Account Tax Compliance Act (FATCA), the Ministry of Finance announced in a statement carried by state news agency WAM on Saturday. The agreement means all US ...
An alternative Legal Services Business is launched by Herbert Smith Freehills
June 22nd, 2015
Herbert Smith Freehills has launched a pioneering new global alternative legal services business, which harnesses the firm’s key legal and client technology expertise around the world to offer cost efficient legal products and technology services for clients. The new ...
Taxman steps up war on dodgers with more raids
June 22nd, 2015
Property searches by HM Revenue & Customs rose by nearly a fifth last year as the Government raised the pressure to combat tax evasion. Investigators made 593 raids in the year to 31 March, up from 500 the previous ...
Eurogroup statement on Cyprus, 18 June 2015
June 19th, 2015
The Eurogroup welcomes the institutions’ conclusion following the sixth review mission that Cyprus‘ adjustment programme has been brought back on track. The fiscal performance continues to be solid, the debt outlook has improved, and structural reforms are progressing in ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
Herbert Smith Freehills shuts Abu Dhabi office as firm consolidates Middle East presence
June 18th, 2015
Reduced to just one partner in Abu Dhabi, Herbert Smith Freehills is shutting the office and shifting its five-lawyer team to Dubai just six years after opening. Having launched the office in 2008 amid the sharp crash in the Middle East ...
SEC Announces Enforcement Action for Illegal Offering of Security-Based Swaps
June 18th, 2015
The Securities and Exchange Commission today announced an enforcement action against a company that illegally offered complex derivatives products to retail investors. The Dodd-Frank Act implemented two key requirements for any security-based swaps offering to a retail investor who ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
No breakthrough expected at Eurogroup despite Faymann visit, Juncker call
June 18th, 2015
Expectations are low for significant progress in Greece’s talks with its lenders at Thursday’s meeting of finance ministers in Luxembourg, despite a brief phone call between European Commission President Jean-Claude Juncker and Prime Minister Alexis Tsipras last night. A ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
