Search Results for: law
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
China’s Consumption Transition
March 20th, 2015
A standard pattern of long-term economic development is that a country goes through a period of higher savings and investment, along with correspondingly lower consumption levels. After the growth spurt, consumption levels rise again. For illustration, here’s a figure ...
The Role of Securitization in Dealing with the Banking Problems
March 20th, 2015
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost 50% (about €28 billion) of their total loan portfolio! A ...
Secrets ending for Swiss bank accounts
March 20th, 2015
European tax evaders might soon have to hide their cash in mattresses instead of secret Swiss bank accounts. Switzerland has agreed to start sharing financial information with the European Union, making it much harder for Europeans to hide wealth ...
Citibank Sues Two Former Goldman Sachs Partners Over $29 Million Swiss Franc Margin Call
March 19th, 2015
The sharp and unexpected rise of the Swiss franc in January resulted in big losses for hedge funds, investment banks and other currency speculators, even causing some hedge funds to shut down. Now, there is a lawsuit over a ...
Latham & Watkins wins “European Corporate Deal of the Year”
March 19th, 2015
Firm works on “a landmark deal in the European healthcare sector last year” that was “particularly complex”. Latham & Watkins has won “European Corporate Deal of the Year” atThe Lawyer’s 2015 European Awards. The firm “stood out” for its work advising ...
UK plans criminal penalties for tax advisers who assist evasion
March 19th, 2015
Lawyers and other tax advisers who aid clients evade tax will the subject of penalties under a new criminal offence which is to be announced by the UK government today. The plan was disclosed by the Chancellor of the ...
Baker & McKenzie won four awards
March 19th, 2015
Baker & McKenzie has issued a press release informing that the company and its member firms have won four awards at the International Financial Law Review (IFLR) Asia Awards held in Hong Kong on 11 March. Specific, the company ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Greek Parliament Passes Antipoverty Bill
March 19th, 2015
International creditors had asked Greece to hold off on voting until they assessed budget impact Greek lawmakers passed an antipoverty bill Thursday despite not having the green light from international creditors on the law, in the latest snag in ...
