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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
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.
