Search Results for: law
European solidarity: The future of Europe and the euro depends on political leaders
June 15th, 2015
Will a Grexit Be the Lehman-Like Trigger of the Next Global Financial Crisis? European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany ...
No VAT on Bitcoin in Switzerland
June 15th, 2015
Excellent news from the Swiss Federal Tax Administration (ESTV): no VAT applies to Bitcoin in Switzerland. “This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business,” Niklas Nikolajsen, ...
New York and London are world’s toughest legal markets, says Cooley
June 15th, 2015
The ‘jaundiced eye’ through which UK lawyers view the US law practices in London is one of the main factors contributing to the difficulties facing US law firms there, according to Joe Conroy, Cooley’s chief executive officer. Speaking five ...
UK tax authorities pay record £605,000 to informants
June 15th, 2015
Amount paid by HMRC to reward tip-offs rises by 50% in a year in bid to recoup tens of billions lost annually to tax fraud The amount of money paid to informants by HMRC in its attempts to crack down on ...
Greece Enters Fateful Week as Talks End Fruitlessly
June 15th, 2015
Greece enters what could be a defining week after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday. The euro dropped as the European Commission said the talks in Brussels had broken up after ...
CySec announces the suspension of the authorisation of CIF ‘CommexFX Ltd’
June 12th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘CommexFX Ltd’, number 153/11, is suspended, pursuant to section 26(2) of the Investment Services and Activities and ...
Switzerland Rules Out FTA With EU
June 12th, 2015
The Swiss Federal Council has concluded that a free trade agreement with the European Union (EU) would be a step backwards and cause uncertainty. The Council was responding to the postulate of Council of States member Karin Keller-Sutter. The ...
Ex-Deutsche Bank Trader Said to Sue U.K. FCA in Identity Spat
June 12th, 2015
Joerg Vogt, a former trading executive at Deutsche Bank AG, sued the U.K. financial regulator for indirectly identifying him in its Libor settlement with the bank, a person with knowledge of the case said. Vogt, the bank’s former director ...
Fast Facts about the Debt Crisis in European Countries
June 11th, 2015
Here’s a look at the European Debt Crisis which has affected the countries of Cyprus, Greece, Ireland, Italy, Portugal and Spain. Cyprus: July 11, 2011 – A munitions explosion at a naval base kills 13 people and destroys the ...
RBS Stake Sale by U.K. Government to Begin in Coming Months
June 11th, 2015
Chancellor of the Exchequer George Osborne said he’ll start returning Royal Bank of Scotland Group Plc to private ownership in the “coming months,” even though it may cause a loss for U.K. taxpayers. Shares will be sold to institutional ...
