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A London appeals court upheld a High Court ruling involving two solicitors and a former senior tax manager who allegedly created a scheme to exclude beneficiaries from Jersey trusts. This scheme was considered a 'huge commercial opportunity' to misappropriate an estimated £278 million. Concurrently, the Solicitors Regulation Authority (SRA) is attempting to revive its misconduct case against Dentons regarding alleged breaches of anti-money laundering (AML) regulations. The SRA contends that a tribunal had misinterpreted the legal principles involved in the case. The appeal also references precedents set by Beckwith and Leigh Day.
Appeal in Dentons AML case looks to Beckwith and Leigh Day precedents: https://t.co/bGZU5ggxXi
The solicitors' regulatory body sought on Wednesday to revive its misconduct case for alleged money laundering breaches against Dentons, arguing at a court in London that a tribunal had misunderstood the legal principles at stake. https://t.co/rETTu4fz9o
A London appeals court upheld a High Court ruling that two solicitors and a former senior tax manager devised a scheme to cut out beneficiaries from Jersey trusts in what they saw as a "huge commercial opportunity" to divert an estimated £278 million. https://t.co/FP5Y0yGVB8
