Search Results for: UK law
David Cameron had stake in father’s offshore trust
April 8th, 2016
David Cameron has said he and his wife Samantha owned shares in an offshore trust set up by his late father, before selling them for £30,000 in 2010. The PM has faced questions over Blairmore Holdings, an offshore company ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
U.S. court orders UBS to pay $4.7 mln in Puerto Rico divorce flap
April 5th, 2016
A UBS AG unit must pay more than $4.7 million to a customer’s former spouse who alleged that the firm improperly released accounts worth $12 million to her ex-husband despite a court order freezing those assets, a U.S. federal ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
What would ‘Brexit’ mean for Europe’s capital markets? Clifford Chance report analyses the legal and regulatory challenges
March 21st, 2016
AFME has today published a report, commissioned from Clifford Chance, which analyses the potential impact of a UK exit from the EU on Europe’s capital markets. The report, entitled “The UK Referendum: Challenges for Europe’s Capital Markets”, was written ...
Legal profession poll: 75% want United Kingdom to stay in EU
March 21st, 2016
Survey of 1,000 lawyers and law students shows massive opposition to Brexit The overwhelming majority of the legal profession wants to remain within the EU — but there is notably more willingness to countenance a Brexit among barristers than ...
Toshiba confirms SEC investigation as accounting woes spread to US
March 18th, 2016
Securities commission and justice department examining ‘accounting problem’ at US units, says Japanese corporation, amid profit-padding crisis Toshiba has announced its US businesses are cooperating with authorities over alleged accounting irregularities and is to cut a further 3,000 jobs. The ...
SRA highlights IT innovation in the legal sector
March 17th, 2016
Use of technology can enable law firms to do more for clients, according to the latest marketplace report from the Solicitors Regulation Authority (SRA). The IT and Innovation paper highlights how creative use of IT can help legal work ...
SFO closes Forex investigation
March 16th, 2016
The Director of the Serious Fraud Office has today closed the SFO’s investigation into allegations of fraudulent conduct in the foreign exchange market (Forex). This decision follows a thorough and independent investigation lasting over one and a half years ...
Online abuse and cyber crime bill introduced by MP
March 9th, 2016
A bill to tackle online abuse and cyber crime is being introduced by Plaid Cymru MP Liz Saville Roberts. It aims to make it an offence to post content that is discriminatory, threatening and causes distress. Internet service providers ...
