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Europe/Switzerland - Page 3
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Winston & Strawn shuts Geneva office
The Chicago-based international firm is closing in the Swiss city at the end of September, from which stage the practice will run its European arbitration practice through the Paris and London offices.
Swiss raid on HSBC predicted to be repeated at other banks
The raid by prosecutors on HSBC in Geneva may have surprised the bank - which quadrupled its compliance staff to 6,000 last year - but PwC sees the move as part of a trend and says there are 'quite a few skeletons around'.
Lawyers prepare for defence to HSBC tax leaks
Lawyers have already begun defending clients accused of questionable tax practices in Switzerland as revelations begin to be made in the international media about HSBC and 30,000 of its Swiss customer accounts between 2005 and 2007.
UBS undershoots profits forecasts because of legal provisions
Swiss bank UBS has come in 5% under analyst expectations in Q3 2014, held back by legal provisions of €1.5b.
Jeantet opens up in Switzerland
Jeantet Associes is the first French law firm to open up in Switzerland through its launch of a Geneva office.
Switzerland pips UK on divorce payout
A divorce award thought to be the biggest in the world has been handed out in Switzerland, suggesting that the country has taken over from the UK as the forum seen as the most generous.
Legal provisions hit Credit Suisse profits
Credit Suisse has made £348m of legal provisions in the expectation of having to deal with the costs of allegations of tax evasion and securities mis-selling.
Swiss banks face four-day deadline over US penalties
Swiss banks have only four working days left in which to decide whether to give client information to the Department of Justice or to face prosecution.
Swiss banks accept 50pc fines as price of 'legal certainty'
Up to about 100 second-tier Swiss banks are facing penalties of up to 50 per cent of the value of assets which were hidden with them by US citizens.
Swiss-US accord will raise veil on professional advisers
A fast-track agreement between the US tax authorities and Swiss banks will lead to the disclosure of third party advisers and other professionals who were involved in tax evasion schemes.
Credit Suisse upgrades data software for legal and compliance
Global financial services giant Credit Suisse has implemented a new software to improve the efficiency and management of its legal and compliance services.
Matrix Chambers launches in Geneva
London's leading public interest barrister set Matrix Chambers is going international with the launch of its first office in Geneva.
Banks exit over Swiss compliance costs
Rising compliance costs are among the main factors why some of the world's banks are leaving Switzerland.
Swiss court blocks data handover
The transfer of former Credit Suisse employee data to US tax enforcers has been halted following an injunction by a Swiss court, a lawyer has claimed.
Swiss bar condemns secret US tax deal
The head of the Swiss Bar Association has slammed a secret deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans.
Swiss lawyers brace for US tax investigations
Financial lawyers in Switzerland are sweating over a cabinet proposal which may release their names - along with tax advisors and asset managers - to US tax evasion authorities.
TwoBirds announces Swiss deal
London law firm Bird & Bird has confirmed it has signed a strategic cooperation agreement with Swiss law firm BCCC Avocats to boost its offering in the jurisdiciton.
Nestle found liable for spying
Swiss food company Nestlé has been found liable in a civil case over the infiltration of campaigning groups, seriously damaging links with activists the company had been desperate to forge.
Swiss bank to fold after paying landmark fine
Wegelin & Company -- Switzerland's oldest private bank -- is to shut its doors after executives put up their hands to charges of assisting Americans avoid US tax.
Talking it over
A British-built, Confederate-flagged American Civil War battleship put Switzerland on the international arbitration map. Jonathan Ames talks to the lawyers who want to keep it there
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