In Springwell Navigation Corporation v JP Morgan Chase Bank & Others [2010] EWCA CIV 1221 the Court of Appeal confirmed that JP Morgan Chase Bank (JP Morgan) did not owe Springwell Navigation Corporation (Springwell), an experienced and sophisticated commercial counterparty, a general advisory duty as a result of entering into a relationship for the lending […]

Basel Committee on Banking Supervision Compliance and the compliance function in banks [2005] – The expression “compliance risk” is defined in this paper as the risk of legal or regulatory sanctions, material financial loss, or loss to reputation a bank may suffer as a result of its failure to comply with laws, regulations, rules, related […]

Love it or hate it, football takes centre stage this summer. Can you survive the coming World Cup with both business productivity and good employee relations intact? Self-confessed football fan Tim Smedley talks tactics. In April, a CIPD straw poll of members found that 90 per cent didn’t have a policy for staff absence during […]

The 2010 World Cup is nearly upon us and the chances are that a large proportion of employees across the UK will be looking forward to it and starting to think about how and where they will be watching the key games. It is important to remember that the UK’s working population is incredibly diverse […]

Many people feel intimidated by the complicated nature of trusts and as a result may fail to discover the many advantages which they can offer. The benefits can be considerable and often unobtainable in any other way. The purpose of this APPLEBY short guide is to describe the essential elements of trusts and to outline […]

Private Equity Comment – Topical and incisive commentary on legal and tax developments for the European Private Equity community – One of the key objectives of any private fund structure is to eliminate the risk of double taxation. The reason is simple: so far as possible, investors want the same tax treatment as if they […]

Oh, That Money … I Don’t Know, It Just Crawled Into My Hand! – American companies are being bombarded with warnings about the federal Foreign Corrupt Practices Act (FCPA), and the warnings have become increasingly ominous. In November 2009, the head of the Department of Justice’s (DOJ) Criminal Division specifically advised pharmaceutical companies that prosecutors […]

The Jersey Financial Services Commission has issued news that it will be holding tworegulatory seminars in July 2010. The first seminar is a full day dedicated to trust company business and will be relevant to trustcompany business employees of all levels. The subjects to be covered include a summary of common findings from on-site examinations, […]