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Delayed FBAR filing for signatory authority
  • Proskauer Rose LLP
  • USA
  • June 16 2011

As reported in our prior client alerts, the Report of Foreign Bank and Financial Accounts, Form TD-F 90-22.1 (“FBAR”) must be filed by a U.S. person that holds a financial interest in, or signature or other authority over, a foreign financial account if the aggregate value of all such U.S. person’s foreign financial accounts exceeds $10,000 at any time during the year.

FSA to strengthen Remuneration Code
  • Proskauer Rose LLP
  • United Kingdom
  • December 23 2010

On December 17, 2010, the UK Financial Services Authority (the "FSA") published its final revised Remuneration Code rules which comes into force on January 1, 2011 (and covers bonus payments with respect to the 2010 fiscal year).

British Virgin Islands court rules on the ranking of redeemed shareholders
  • Proskauer Rose LLP
  • British Virgin Islands
  • March 3 2010

A recent decision from the Commercial Court of the British Virgin Islands has clarified the position of a redeemed shareholder of a fund who has a claim for redemption proceeds which have become due and payable.

Pamela A Onufer
  • Proskauer Rose LLP

Martin T Hamilton
  • Proskauer Rose LLP

Stuart L Rosow
  • Proskauer Rose LLP

Paul M. Hamburger
  • Proskauer Rose LLP

Andrew M Katzenstein
  • Proskauer Rose LLP

Stacy H Barrow
  • Proskauer Rose LLP

Albert W Gortz
  • Proskauer Rose LLP