Legal
Middle East | 9 May 16
DIFC begins liquidating Bank Sarasin Alpen in Dubai
The court of the Dubai International Financial Centre (DIFC) has begun is first non-voluntary winding up of a company under its jurisdiction as it enforces a ruling against a private bank which failed to pay a fine in a long-running financial mis-selling case.
Tax & Regulation | 9 May 16
HMRC client criminal activity checks a burden for businesses
HM Revenue & Customs issued 1,468 production orders last year demanding that UK businesses provide information and documents relating to current or former clients suspected of criminal activity, according to city law firm RPC.
Ex-AIA insurance agent pleads guilty to fraud in Singapore
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.
North America | 29 Apr 16
Cayman Is. mimic Delaware’s limited liability company
The Cayman Islands is to introduce a new type of business vehicle in the form of a limited liability company (LLC), inspired by similar legislation in the US state of Delaware.
Middle East | 22 Apr 16
CISI launches two new qualifications in Middle East
The Chartered Institute for Securities & Investment (CISI) has launched two qualifications on financial crime prevention in the Middle East to tackle the increased threats of cyber crime and financial crime.