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Top related persons:
Moneta's Aoifinn Devitt Aoifinn Devitt - 1 Moneta - 1 Sanjay Shah - 1 Shah - 1 Bech - 1 Bruun - 1 Jacob Gronholt - 1 Pedersen - 1
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Thomson - 2 London CIV - 1 F Man Capital - 1 Credit Suisse - 1 REUTERS - 1 Rights - 1 UBS - 1 Privinvest - 1

Search resuls for: "London CIV"


5 mentions found


☆ The economy has been ticking along without needing a rate cut, says Moneta's Aoifinn Devitt
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy has been ticking along without needing a rate cut, says Moneta's Aoifinn DevittAoifinn Devitt, Moneta chief global market strategist and London CIV CIO, joins 'Squawk Box' to discuss the latest market trends, earnings season, the Fed's rate path outlook, state of the economy, and more.
Persons: Moneta's Aoifinn Devitt Aoifinn Devitt, Moneta Organizations: London CIV
☆ US pension plans lose bid to block cum-ex tax fraud case
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
COPENHAGEN, Nov 21 (Reuters) - A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a "cum-ex" tax fraud case after a judge in a New York district court ruled the trial could proceed. Danish tax agency in 2018 filed civil lawsuits in federal district courts across the United States, accusing more than 100 retirement and pension plans of inflating the size of their Danish stock holdings in order to obtain higher tax refunds. In a bellwether trial in the New York court to help anticipate the results of future similar cases, the judge rejected arguments brought by seven defendants, meaning the Danish tax authority can proceed with its case. The second bellwether defendant group is the Solo group, which includes five U.S.-based pension plans, a lawyer, two trusts and their trustees. The Danish tax agency claims that British hedge fund trader Sanjay Shah masterminded a fraudulent scheme that involved submitting wrongful applications for dividend tax refunds on behalf of investors and companies around the world between 2012 and 2015.
Persons: Sanjay Shah, Shah, Bech, Bruun, Jacob Gronholt, Pedersen, David Evans Organizations: F Man Capital, Thomson Locations: COPENHAGEN, New York, Danish, United States, Denmark, Germany, Belgium, Dubai, London
☆ Credit Suisse, Mozambique reach out-of-court 'tuna bond' settlement
  + stars: | 2023-10-01 | by ( ) www.reuters.com   time to read: +1 min
The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsZURICH, Oct 1 (Reuters) - Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS (UBSG.S) said on Sunday, drawing a line under a damaging dispute it inherited. "The parties have mutually released each other from any liabilities and claims relating to the transactions," UBS said. The tuna bond case dates back to three deals between state-owned Mozambican companies and shipbuilder Privinvest - funded in part by loans and bonds from Credit Suisse and backed by undisclosed Mozambican government guarantees. UBS, which rescued scandal-scarred Credit Suisse amid turmoil in the global banking sector earlier this year, has a financial buffer of as much as $10 billion for litigation, JPMorgan analysts estimated in a note to clients on Wednesday.
Persons: Tyrone Siu, corruptly, Noele Illien, Kirsten Donovan Organizations: Credit Suisse, REUTERS, Rights, UBS, Privinvest, JPMorgan, Thomson Locations: Hong Kong, China, Mozambique, Swiss, London, Mozambican
☆ Institutional investors back Shell board lawsuit over climate risk
  + stars: | 2023-02-09 | by ( Kirstin Ridley | Industry Insight | Reuters Professional | ) www.reuters.com   time to read: +4 min
SummarySummary Companies ClientEarth files novel UK case to hold directors accountableUK, Swedish, Danish, Belgian and French funds support lawsuitClaim alleges Shell board mismanaging climate risk, breaches lawLONDON, Feb 9 (Reuters) - A group of European institutional investors is backing a novel London lawsuit against energy giant Shell's (SHEL.L) board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. Shell rejected the allegations, saying its climate targets were ambitious and on track and that its directors complied with their legal duties and acted in the company's best interests. "ClientEarth's attempt ... to overturn the board's policy as approved by our shareholders has no merit," a spokesperson said. London CIV said its Shell stake was a "primary hotspot of risk and exposure within our portfolio". The case comes two years after Shell was ordered to slash carbon emissions in a landmark Dutch climate case.
☆ COP27 Countries band together to keep forest promise
  + stars: | 2022-11-07 | by ( Simon Jessop Jake Spring | Simon Jessop | Jake Spring | ) www.reuters.com   time to read: +4 min
Progress since has been patchy, with only a few countries instituting more aggressive policies on deforestation and financing. Among the new sources of financing, Germany said it would double its financing for forests to 2 billion euros ($1.97 billion) through 2025. PRIVATE CASH PILES UPPrivate companies announced $3.6 billion in extra money. Other initiatives towards meeting the 2030 forest pledge also announced incremental progress at the opening of COP27. In September, the initiative announced standards that companies should follow to trace commodities and disclose links to deforestation.
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