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Philippines protests China’s unilateral fishing ban in South China Sea

JURIST

The Philippines protested China’s imposition of a unilateral, four-month fishing ban in the South China Sea, its Department of Foreign Affairs (DFA) stated in a press release on Monday. The ban has been imposed annually since 1999 and is expected to last until September 16 this year.

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Former Goldman Sachs investment banker convicted in 1MDB corruption case

JURIST

A jury for the US District Court for the Eastern District of New York Friday convicted former Goldman Sachs Managing Director Ng Chong Hwa, also known as Roger Ng, of corruption charges connected to Malaysia’s 1MDB development fund. 1MDB is a Malaysian state-owned and controlled sovereign wealth fund.

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United States: Wealth Management Update - Proskauer Rose LLP

Mondaq

Federal interest rates decreased slightly for September of 2021. The September applicable federal rate ("AFR") for use with a sale to a defective grantor trust.

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United States: Proposed Changes To Federal Tax Code Affecting Tax And Wealth Management Clients - Schnader Harrison Segal & Lewis LLP

Mondaq

On September 13, 2021, the U.S. House Ways and Means Committee (the "Committee") released a draft of proposed changes to the federal tax code, including significant changes affecting trusts, estates,

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EU dispatch: collapse of Credit Suisse bank prompts investigations, lawsuits

JURIST

Law students from the European Union are reporting for JURIST on law-related events in and affecting the European Union and its member states. In 2019 Credit Suisse faced a spying scandal after private detectives retained by the bank reportedly spied on an outgoing wealth management executive, causing the then-CEO to resign.

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United States: Wrapped Pool Funds: Innovation And Value For Wealth Managers And Their Clients - Maples Group

Mondaq

Generally, access to alternative investments tends only to be available to and within financial reach of institutional investors.

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The Justice Gap in Legal Tech: A Tale of Two Conferences and the Implications for A2J

LawSites

The sponsors and exhibitors are focused on products for e-discovery, contract lifecycle management, large firm financial and business management, and the like. The glitziness of Legalweek reflects the relative wealth of the legal tech sector that serves big law and big corporations. But more can be done.

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