Legal
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.
Tax & Regulation | 19 Apr 16
UK’s new tax evasion law may catch foreign companies
The UK government’s planned new law making firms criminally liable for staff who facilitate tax evasion has expanded the circumstances in which an overseas company can be prosecuted for failing to prevent foreign tax evasion, according to legal experts.
Second property-backed Chinese asset manager defaults
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Investment | 15 Feb 16
Investors to receive compensation after FCA prosecution
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).