Latest Briefings

The accountant and Al Capone

The story of how forensic accounting brought down one of America’s most famous Gangsters Al Capone famously said that “you can get more with a kind word and a gun than with a kind word alone”. But when it came to catching him, all it took was diligent and skilled forensic accounting, explains Tristan Yelland.

Investigations: new forensic accounting podcast

This Investigations podcast series looks at the complex role of the forensic accounting investigator. Grant Thornton speaks to prominent investigators who have grappled with a variety of situations to understand the key lessons they’ve learned, what propelled them to be where they are today and the advice they’d pass on to their younger selves.

Duty to report under Article 74 FinIA – planning tool for FINMA or (maybe) more?

FinIA has consolidated the authorisation regime for all financial institutions (except for banks which remain to be regulated under the Banking Act) and has extended this regime to independent asset managers and trustees. Even though the new law provides for a smooth transitional period enabling financial institutions to cope with the new regulation, asset managers and trustees now falling under the new regime are or have been required to file a report with the Swiss regulator FINMA. This article outlines the duty to report and its consequences.

Reducing UK emissions: 2020 progress report to Parliament

The Committee on Climate Change’s 2020 report to Parliament calls on the government to redouble its efforts and expands on its May 2020 advice to the Prime Minister in which it set out the principles for building a resilient recovery. The report highlights five clear investment priorities.

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Leader

After interminable deb-ates the EU has finally managed to draw up a directive on lawyers’ responsibilities with respect to money laundering. Interminable because the various lobbying groups on behalf of lawyers were up in arms about the possibility of any threat to the sacredness of client confidentiality.The timing is immaculate. As the simple act of […]

Deal summary

Shepherd & Wedderburn (Patrick Andrews) is advising on the restructuring of ScottishPower into separate limited liability companies.Clifford Chance (Geoffrey White) advised GATX Financial Corporation on a $250m (£175.9m) aircraft financing. Guarantor Ex-Im Bank advised by Milbank Tweed Hadley & McCloy. Arrangers Citibank and lenders Salomon Smith Barney advised by Pillsbury Winthrop.

CC completes Russian UBS deal using internet

Clifford Chance has advised UBS Warburg on a huge exchangeable bonds issue for Russia’s second-largest oil company Yukos.The firm’s London, Moscow and New York offices were all involved in the $310m (£218.1m) issue of UBS bonds exchangeable into shares of Yukos. The deal was led by London capital markets partner Tim Morris, whose relationship with […]

Pinsents raids Chaffe to open in Manchester

Pinsent Curtis Biddle is opening in Manchester and hiring a quarter of the partners from Manchester firm Chaffe Street in the process. The office will also be staffed by three existing Pinsents partners who have been relocated from other offices.The four partners from 16-partner firm Chaffe Street are Chris Lumsden, Sean Fitzgerald, Paul Johnson and […]

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