Managers of Wealth Americas

Rogue branch lawsuit prompts Morgans payout offer

The settlement offer, revealed by The Australian Financial Review, follows Morgans’ own internal investigations having raised alarms about the branch.

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

The Broadridge Global Class Action Annual Report offers an in-depth analysis of the 10 most complex class action recovery opportunities from 2020 involving financial instruments.

Ogier in Guernsey assists Schiehallion with US$700 million secondary fundraise

Guernsey has a strong stable of listed funds and the secondaries market in Guernsey has been increasingly active this year.

US Federal Reserve Proposes Guidelines for Access to FRB Services for Non-Traditional Federal and State Charters

The comment period for the Proposed Guidelines will run until July 12, 2021.

Latham & Watkins Advises Goldman Sachs and Owl Rock in US$275 Million Financing for Quva Pharma

Interdisciplinary team advised on the financing for the 503B outsourcing services company to healthcare facilities.

“Enough is Enough”

The phrase is not yet the operative phrase for fiscal policy in the current recovery

Carey Olsen advises Nuvemshop on funding round to drive LatAm expansion

The Carey Olsen team advising Nuvemshop on the Cayman law aspects of the funding round was led by corporate partner Alistair Russell, assisted by associate Emily Cornhill.

Carey Olsen advises TriSpan on latest mid-market fund launch

It will typically seek majority investments in proprietary buy and build opportunities alongside strong founders and management teams with a focus on multi-unit health care, business services or specialty manufacturing with limited use of leverage.

New York Department of Financial Services Issues Proposed Guidance on Managing the Financial Risks from Climate Change

On March 25, 2021, the NYDFS released for public comment proposed guidance for New York domestic insurers relating to managing the financial risks from climate change.

Clyde & Co continues US expansion with opening of three new offices in the Southwest

The opening of the offices continues Clyde & Co’s long term strategy to create a truly national US insurance practice

Finding John Doe, Part II: IRS Secures Another Victory to "Root Out" Virtual Currency Tax Noncompliance

The court’s order approving the summons significantly reinforces the strength of the IRS’ crypto pursuit.

MPs urged to demand the names of Canadians behind offshore tax shelters

Finance committee is re-starting probe into shell companies that was shut down five years ago

Investors flood out of US funds as interest rate concerns rise

In total there were net inflows of £4.4bn - compared with some £9.7bn in outflows seen a year ago at the height of markets' coronavirus crisis.

Ten things Institutional Investors need to know about investing in Hedge Funds

What should investors consider when making Hedge Fund investments?

The FRTB deadline is approaching—are you ready?

Both tests require an accumulation of data over a 12-month period that requires having processes in place for modeling, data collection and testing well ahead of time.

Bill and Melinda Gates to divorce, but charitable foundation to remain intact

The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.

Victims of Ponzi scheme call for reopening of probe into offshore money transfers

Federal finance committee shut down Isle of Man hearings in 2016 after KPMG objected

TD Bank trial in $4.5 bln Stanford Ponzi scheme lawsuit ends

TD's lawyers said the bank did not know about the fraud, and that damages should be limited to the estimated $5 million in profit from its relationship with SIB.

NES Financial Rebrands to JTC Americas

JTC Americas continues to build upon its leadership in specialty fund administration and impact reporting for private equity funds in the U.S. and now offers a broader suite of capabilities to clients including institutional, corporate, and private client

Nomura Suspends Executives, Replaces Risk Head Post-Archegos

Nomura Holdings Inc. suspended a group of senior executives at its investment bank and replaced a top risk official as it reels from billions of dollars of losses on trades with Archegos Capital Management.

Legal, Regulation & Compliance