United Kingdom

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Bank Of England Maintains Stance On EU Bonuses Cap

The UK has not abandoned its battle against an EU cap on bankers’ bonuses, including it in a list of regulations it says do not work, the Irish Times reported. The Bank of England included the bonus cap in its recent response to an EU review of rules ...

Daily Headline - global.abi.org - 02/04/2016 - 22:20 - 0 comments

British Regulators Help Iranian Banks Come In From The Cold

Top UK regulators are trying to help three Iranian-owned banks reintegrate into the financial system after years of international sanctions — by deploying a unit designed to aid start-ups, the Financial Times reported. The UK-based Iranian lenders wo ...

Daily Headline - global.abi.org - 01/31/2016 - 18:25 - 0 comments

Antibribery Alert - Successful Prosecutions in the United Kingdom

In a busy week for the Serious Fraud Office (SFO), the United Kingdom’s antibribery prosecutor, it has announced its first-ever deferred prosecution agreement (DPA) for bribery offences and the first guilty plea under the U.K. Bribery Act (UKBA). Both ma ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:20 - 0 comments - 0 attachments

Article from INSOL Europe (Week 2 - 8 November 2015) GlobalINSOLvency Editorial Board

For a process enshrined in a few brief sections of the English Companies Acts, the meteoric rise in recent years of the scheme of arrangement to become one of the world’s most renowned debt restructuring tools is quite a story. A scheme allows a statutor ...

Resource Article - twallace@abiwor... - 01/29/2016 - 11:32 - 0 comments - 1 attachment

IFRS Breaking News - October 2015

Income Taxes – Accounting for uncertain tax positions Interpreting grey areas in tax law can be complex. New proposals issued by the IFRS Interpretations Committee seek to bring clarity to the accounting for income tax treatments that have yet to be ac ...

Resource Article - twallace@abiwor... - 01/29/2016 - 11:22 - 0 comments - 0 attachments

"And Finally" - High Court gives go-ahead for closure of the Orion Insurance insolvency

On 29 October, the English High Court sanctioned closure schemes of arrangement for The Orion Insurance Company PLC (now known as OIC Run-Off Limited) ("Orion") and The London and Overseas Insurance Company PLC (now known as the London and Over ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:57 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Update: Cape Town Convention extended to the Cayman Islands

we are pleased to announce that The Convention on International Interests in Mobile Equipment and the associated Protocol to the Convention on International Interests in Mobile Equipment on matters specific to aircraft equipment (collectively, the " ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:18 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Third Party Costs Orders: Service Out Judgment puts BVI Back in Business

On the 12 October 2015 the Court of Appeal delivered a judgment which undoubtedly clarified the law in the BVI on the service out of the jurisdiction of a non-party costs application, and which will be welcomed by BVI practitioners and their clients alik ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:08 - 0 comments - 0 attachments

Essential Pensions News - October 2015

Essential Pensions News covers the latest pensions developments each month in an “at a glance” format. More detail is available by following the link under each summary. VAT and pension schemes: HMRC announces extension of the transitional period until ...

Resource Article - twallace@abiwor... - 01/29/2016 - 09:56 - 0 comments - 0 attachments

George Osborne Faces Fresh Quiz Over £130 Million Google Tax Deal

Britain’s chancellor of the exchequer, George Osborne, faced fresh questions last night over a tax deal with Google that allowed the company to pay just £130 million in back tax on 10 years of profits estimated at £7.2 billion, the Irish Times report ...

Daily Headline - global.abi.org - 01/26/2016 - 22:33 - 0 comments

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