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The week on eprivateclient: Bedell Cristin, Clarion, Unexplained Wealth Orders and more...

23/03/2018 Will Sidery

A round-up of the top stories on eprivateclient this week…

Monday

Leeds-based law firm Clarion reports continuing strong performance with revenue showing significant growth in the last financial year with the 21 partner firm seeing revenues rise from £10.4 million in 2016 to £11.7 million, an increase of 14 percent

Tuesday

International law firm Baker & McKenzie warns that UK government agencies’ ability to now use Unexplained Wealth Orders (UWO) against individuals is a “clear wake-up call” for wealth advisers

International banking firm Standard Chartered is fined by authorities in Singapore over the transfer of $1.4 billion of private bank client assets from Guernsey to the Asian jurisdiction in 2015 

Wednesday

Asset managers Hargreaves Lansdown wins its “discount tax” challenge, launched in September 2013 on behalf of investors to protect their interests, against HMRC, with at least £15 million set to be returned to around 150,000 investors

Andrew Jones from Vannin Capital examines the rise in inheritance disputes and the subsequent increase in third party litigation funding in this area

Thursday

Offshore law firm Bedell Cristin appoints dual-qualified Craig Paynter as a senior associate to its Singapore office. Mr Paynter joins Bedell Cristin from law firm Gowling WLG where he was the principal associate in its Singapore private client team and prior to that was as an associate at Ogier in Guernsey

Research finds that those who work in the legal sector are more likely than anyone to ask for their personal data to be edited or deleted once the General Data Protection Regulation (GDPR) comes into effect on 25 May

Friday

Fiduciary services provider - the Sanne Group - makes changes at board level with a new CFO starting in June whilst the current position holder, Spencer Daley, is set to take on the role of head of M&A and strategy from June

Family lawyers at UK national law firm Irwin Mitchell Private Wealth succeed in a multi-jurisdictional case, which the firm said marked an “important endorsement towards children’s voices being better heard in court cases”

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