Global Investigations Review - The law and practice of international investigations

Tax controversy

Lawyers sceptical about SFO plan to get witnesses to wear a wire

Lawyers sceptical about SFO plan to get witnesses to wear a wire

May 09, 2019, GIR

Lisa Osofsky’s plans to import US-style strategies to secure more convictions is unlikely to work in the UK, practitioners say.

Swiss insurance company granted $5.1 million NPA

Swiss insurance company granted $5.1 million NPA

April 26, 2019, GIR

Insurance company Zurich obtained an NPA from the US Department of Justice’s tax division after helping the authority circumvent Switzerland’s de facto blocking statute.

Two Brits face trial in Germany’s first criminal cum-ex case

Two Brits face trial in Germany’s first criminal cum-ex case

April 12, 2019, GIR

Cologne public prosecutors filed a criminal indictment against two traders for serious tax fraud at a court in Bonn. If accepted the west German city will take centre stage in the prosecution of individuals for conduct linked to what has been described as the biggest tax fraud case in Europe.

Maple Bank sues Freshfields in Germany over cum-ex transactions

Maple Bank sues Freshfields in Germany over cum-ex transactions

April 03, 2019, GIR

Freshfields Bruckhaus Deringer is facing a lawsuit from Canadian lender Maple Bank for allegedly providing the bank with incorrect advice on dividend stripping trades it is currently being investigated over.

DOJ knocks down penalty against Israeli bank for tax evasion

DOJ knocks down penalty against Israeli bank for tax evasion

March 13, 2019, GIR

Israel’s third-largest bank, Mizrahi-Tefahot Bank, has entered into a $195 million settlement with the US Justice Department after admitting that it helped US citizens evade tax.


Brazilian amendment proposes that instant messages count as evidence

Brazilian amendment proposes that instant messages count as evidence

March 05, 2019, GIR

A Brazilian politician has proposed an amendment to national law which would allow police to use messages sent over instant messaging platforms as evidence in criminal investigations.

UBS to appeal against record €4.5 billion French tax evasion penalty

UBS to appeal against record €4.5 billion French tax evasion penalty

February 20, 2019, GIR

The Criminal Court of Paris has ordered UBS to pay €3.7 billion after finding the Swiss bank and its French subsidiary guilty of facilitating tax evasion.

Australia’s solicitor general lambasts Glencore in Paradise Papers privilege dispute

Australia’s solicitor general lambasts Glencore in Paradise Papers privilege dispute

February 08, 2019, GIR

Anglo-Swiss mining company Glencore has been accused of attempting to tear up centuries of law in its bid to force Australia’s tax authority to return Paradise Papers documents.

Julius Baer resolves $547 million tax-evasion DPA

Julius Baer resolves $547 million tax-evasion DPA

February 07, 2019, GIR

Private bank Julius Baer has announced that it has successfully resolved its deferred prosecution agreement with the US Department of Justice.

Swiss UBS case shows “bank secrecy law is not dead”, lawyers say

Swiss UBS case shows “bank secrecy law is not dead”, lawyers say

January 10, 2019, GIR

Swiss federal prosecutors want a four-year prison term to be imposed on a fugitive ex-UBS employee who allegedly stole and sold client data to German tax authorities in 2010.