Managers of Wealth Offshore

French magistrate to examine UBS charges

An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.

Schroders produces KIIDs for Luxembourg range before July deadline

The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.

International law firm expands Cayman's Private Wealth Practice

He joins Ogier from Gorvins in Manchester, where he was the partner in charge of their wills, trusts and probate team and led a number of client mandates across the trust sector.

Appleby launches new regulatory and financial services team ‎

Appleby (Cayman) has formed a dedicated Regulatory and Financial Services Team to provide advice to local and international clients on regulatory matters in the Cayman Islands.　　

France's Hollande Unveils 'Vast' Tax Reform Plans

Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri

Singapore may not escape India's offshore tax grab

Mauritius owes its tax status to historic ties with India, which resulted in a treaty signed in 1983.

Swiss Court Rejects Disclosure of Credit Suisse Client Data

Credit Suisse Group can’t disclose a client’s account data to U.S. tax authorities because a request for assistance last year addressed only tax evasion, which isn’t covered by a 1996 treaty, a Swiss court ruled.

UBS Likely to Win Ouster of Billionaire’s Suit, Judge Says

U.S. District Judge Andrew Guilford in Santa Ana, California today issued a “tentative” opinion rejecting Olenicoff’s lawsuit against Zurich-based UBS, the largest Swiss bank.

German Tax Office in Talks to Buy Swiss Bank Data, Spiegel Says ‎

One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.

Germany Outraged over Swiss Arrest Warrants

The move has gone down well in Switzerland, where politicians have praised the country's assertiveness. But it is unclear how the Swiss authorities will proceed -- the main witness is dead.

George Osborne faces revolt over 'tax on giving' as charity donations dry up

A powerful alliance of aid groups, charities and arts organisations is launching a full-frontal assault on Treasury plans to limit tax relief for philanthropists, warning that they will have a devastating impact on the culture of giving at the heart of Da

Millionaire Tory donor 'slept on private jet flying outside UK airspace to avoid paying tax'

Dodge allowed him to extend the number of days he could stay in the UK without paying tax

SEC hits Conservative Party donor with biggest fine on foreign group‎

The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.

New sheriff comes to Hong Kong

The swoop by Hong Kong’s graft-busting body on the Kwoks and a former senior government official, coming only days after a new chief executive was elected, provides ample fodder for conspiracy theorists.

Senior JP Morgan banker quits after £450,000 FSA fine for market abuse

The FSA believes that the size of the proposed fine reflects the serious nature of the market abuse and should act as a deterrent to other market participants.

Italy's Lombardy settles UBS derivatives dispute

No financial details were given as the parties cannot disclose details until the contract is signed.

Switzerland seeks arrest of German tax collectors

In the latest chapter of an ugly dispute over tax evasion that has strained ties between the two neighbors, a spokeswoman for the ministry confirmed a report about the arrest warrants due to appear in Sunday's Bild am Sonntag newspaper.

Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor

The court filing alleges RBS "received this request without objection". Brevan Howard is not a party to the lawsuit and is not being investigated or sued for any alleged wrongdoing.

European parliament wants Mifid commission ban scrapped

In its response to the Commission’s plan, the parliament proposes an amendment so all advisers simply have to disclose any commission.

SJ Berwin fills Angel's non-exec role with ex-UBS banker

He joins the firm in the position previously held by former Linklaters managing partner Angel, who quit the City firm last year to join DLA Piper as senior partner