Macfarlanes' weekly financial services update includes details on the FSA's feedback statement on recovery and resolution plan rules; guidance on payment for order flow arrangements; FSA guidelines on Stressed Value-At-Risk; and the ESA consultation on financial conglomerates directive.
Law Firm: Macfarlanes LLP | Published: 24 May 2012 | Practice Area: Regulation and Compliance
With one hundred and forty million consumers and massive foreign reserves, Russia is an opportunity rich country with enormous growth potential. Writing exclusively for Legal Week, Hogan Lovells' Richard Cowie assesses moves by Russia to encourage funds to invest in the national economy.
Law Firm: Hogan Lovells | Published: 23 May 2012 | Practice Area: Regulation and Compliance
The Court of Justice of the European Union has again held that a withholding tax levied by a European member state on dividends paid to non-residents - in this case investment vehicles - is an unjustified restriction on the freedom of movement of capital. Macfarlanes provide full details.
Law Firm: Macfarlanes LLP | Published: 21 May 2012 | Practice Area: Regulation and Compliance
The Upper Tribunal recently issued an important decision clearing John Pottage of misconduct in carrying out his CEO functions whilst in charge of UBS Wealth Management. Travers Smith's regulation team outlines some key points to note for regulated firms, senior management and compliance staff.
Law Firm: Travers Smith | Published: 21 May 2012 | Practice Area: Regulation and Compliance
More than $550bn of European leveraged buy-out loans are due to mature between now and 2016. This report from Linklaters' banking team provides in-depth analysis on measuring the wall of debt; how refinancing faces harsh headwinds; and the options and opportunities presented to businesses.
Law Firm: Linklaters | Published: 16 May 2012 | Practice Area: Capital Markets and Debt Securities
In the continuing economic turmoil, trustees and foundation councils have to be more mindful than ever of the manner in which they invest assets. Collas Crill outline why it is so essential for trustees and foundations councils to understand their investment powers, duties, and investment policies.
Law Firm: Collas Crill | Published: 15 May 2012 | Practice Area: Sales and Asset Finance
On 30 December 2011, the Russian Finance Ministry issued a letter outlining the authorities' view on the 'beneficial owner' concept and taxation of Eurobonds interest. In this briefing, Pepeliaev Group's Ivan Zelenin outlines how the beneficial owner concept exerts a great influence.
Law Firm: Pepeliaev Group | Published: 15 May 2012 | Practice Area: Cross Border
With effect from 1 April 2012, the Anti-Money Laundering and Counter-Terrorist Financing Ordinance aligns customer due diligence and record-keeping requirements in Hong Kong with the prevailing international standards of the Financial Action Task Force. DLA Piper outline the new key requirments.
Law Firm: DLA Piper | Published: 14 May 2012 | Practice Area: Anti Money Laundering
Traver Smith's briefing for in-house counsel in the private equity includes a round-up of corporate and company law developments, plus highlights of legal developments from other practice areas which may be of particular interest to private equity practitioners in-house.
Law Firm: Travers Smith | Published: 14 May 2012 | Practice Area: Capital Markets and Debt Securities
The 2012-13 Australian Budget was handed down on 8th May. The promised company tax cuts have been scrapped and the tax burden for foreign investors has been increased. This briefing from Baker & McKenzie's Sydney office discusses how the changes will affect businesses, especially foreign investors.
Law Firm: Baker & McKenzie | Published: 10 May 2012 | Practice Area: Enforcement and Regulation
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