On Friday, a preliminary settlement of the proposed class action was filed in Manhattan federal court, still requiring approval of US District Judge Analisa Torres. The bank’s customers are set to receive two years of fraud insurance coverage at a minimum, with each customer able to apply for reimbursement of up to $10,000 in losses. […]
An LLC is a type of business structure that is still relatively new. If you are thinking about incorporating an LLC, you need to know what it entails and how it differs from other businesses. This article will discuss the most important things to know before incorporating an LLC so that you can make the […]
NatWest Markets admitted some of its traders in London, Singapore, and Connecticut were involved in a scheme to manipulate US Treasury market prices through a practice known as “spoofing” between 2008 and 2018. In addition to paying the $35 million fine, NatWest Markets also agreed to serve three years of probation. “As we have previously […]
With the residence nil rate band (‘RNRB’) to remain frozen until April 2026, now there is all the more reason for you to review your existing wills and explore inheritance tax (‘IHT’) opportunities to maximise the availability of this valuable exemption, Flora Nelmes, Associate at Hunters Law, explains. What is the RNRB? The RNRB was […]
Westpac admitted to six civil penalty proceedings that were filed by Australia’s securities regulator, including claims against its banking, superannuation wealth management, and divested general insurance units. According to the Australian Securities and Investments Commission (ASIC), Westpac charged more than A$10 million in advice fees to over 11,000 deceased customers. ASIC also claims that Westpac […]
Richard Cannon, partner at Stokoe Partnership, takes a look at the SFO's handling of the Amec Bribery Case. The SFO recently dropped its investigation into individuals being investigated for allegedly being involved in bribery at Amec Foster Wheeler Plc. Amec’s new parent company had agreed to a $177 million global agreement in June 2021. The […]
A Competent Authority Agreement (CAA) between the UK and US was published on 28 July. The CAA confirms that despite the UK no longer being a member state of the EU, it will be treated as such for the purposes of applying paragraph 7(d) of Article 23 of the UK/US double taxation agreement (DTA). The […]
In this context, Hong Kong is committed to taking action under the Paris Agreement to achieve carbon neutrality before 2050. While Hong Kong has not enacted any specific ESG focused legislation, Hong Kong’s regulators of listed companies and securities and investment firms –the Stock Exchange of Hong Kong Limited (the HKEX”) and the Securities and […]
Leigh Crestohl and Zuhair Farouki of Zaiwalla & Co discuss how India’s BITs recalibration is paying off. The 30th of November marks the 10th anniversary of White Industries obtaining an international arbitration award against India in a well-publicised Investment Treaty Claim. Whilst the amount of the award may appear modest compared to some more recent […]
On Wednesday, Chief Judge Cecilia Altonaga found no evidence of an illegal conspiracy to stop trading of GameStop Corp, AMC Entertainment Holdings Inc, Bed Bath & Beyond Inc and six other stocks. Investors claimed the brokerages and Citadel Securities LLC schemed to stop a “short squeeze” that was leading to losses in the billions for […]
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