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MAGAZINE

November 2019 Issue

Financier Worldwide Magazine


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COVER STORY

Emerging trends in cyber security

Every day, the scourge of cyber crime affects companies across many industries. It has developed into one of the greatest threats companies face. The number and size of successful breaches is increasing. Between 2005 and 2017, significant data breaches…

 

FEATURES

The challenges of regulating crypto assets

Crypto assets are an emerging force in the financial services space. Though still largely in their infancy, companies, consumers and regulators must become familiar with them quickly. Authorities around the globe face challenging questions about…

IA today: plotting a roadmap to success

Intelligent automation (IA) has become a driving factor toward delivering efficient and cost-effective business models in recent years – a roadmap to enable companies to gain greater value from data, systems and human resources. The catch-all phrase for disruptive…

Reviewing DPAs in the UK

Since they were first introduced into the UK in spring 2014, deferred prosecution agreements (DPAs) have divided opinion. To some, the fact that only five DPAs have been completed over the last five years suggests that they may not be an effective mechanism…

Eradicating modern slavery: humanity’s imperative

Modern slavery is a global problem and a stain on humanity. Hence, its eradication is a task of truly herculean proportions requiring an urgent and collaborative response by governments, non-governmental organisations (NGOs) and big business, among others…

Trump vs. the Fed: stimulus and growth

The underlying health of the US economy has been a source of increasing speculation in recent months – conjecture heightened by president Trump’s spat with the Federal Reserve over monetary policy, with interest rates a particular bone of contention. On the one…

 

ROUNDTABLE

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Corporate fraud

THE PANELLISTS: Ravinder Thukral, Brown Rudnick LLP; Neil Keenan, Forensic Risk Alliance (FRA); Shamoil Shipchandler, Jones Day; Sarah Klein, Kirkland & Ellis International LLP; Tapan Debnath, Nokia Corporation; James A. Garrett, NuVasive, Inc.; and Andrew Good, Skadden, Arps, Slate, Meagher & Flom LLP.

At a time of geopolitical uncertainty and massive technological advances, corporate fraud is increasing, with cyber crime, particularly in relation to the misuse of data, especially prevalent. There has also been a demonstrable increase in detected bribery…

SPECIAL REPORT

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Corporate tax

Q&A: Transfer pricing value chains and supply chains post-BEPS

FW moderates a discussion on transfer pricing value chains and supply chains post-BEPS between Yves Hervé and Vladimir Starkov at NERA Economic Consulting.

International arbitration: a new avenue for challenging tax enforcement

Ropes & Gray LLP International arbitration has been heralded for offering individuals a neutral forum to settle disputes. This benefit is important to foreign investors in developing or transitional nations, as the host-country’s courts are often viewed as being biased toward…

Is ‘Corporate America’ looking at increased tax enforcement?

Hochman Salkin Toscher Perez, P.C. Recent changes in federal tax law, along with announcements from the Internal Revenue Service (IRS), have provided more than subtle signals that the federal taxing authorities are looking to increase their focus on big business, sometimes referred to as…

What’s wrong with the UK’s Digital Services Tax?

Hogan Lovells International LLP The UK’s proposed Digital Services Tax (DST) is an odd and problematic beast. The UK’s direct tax code could broadly be described as ‘follow the accounts unless you are doing something questionable or unusual’. The tax statutes in Tolley’s Yellow Tax ‘Handbook’…

Argentina presents yet another example of abusive or aggressive tax collection

Canosa Abogados The European Union (EU), as well as the Organisation for Economic Cooperation and Development (OECD), have been cracking down on concepts such as ‘tax abuse’ and ‘aggressive tax planning’. Tax abuse is normally referred as to the achievement of improper tax…

Can space activities be taxed?

Skadden, Arps, Slate, Meagher & Flom LLP As films like ‘Gravity’ and ‘Apollo 13’ remind us, space travel is intrinsically hazardous; to venture there risks death. But what of life’s other dread certainty – taxes? Of all the myriad possible future uses of space – space tourism, asteroid mining, research and…

Q&A: Digital transformation of the tax function

FW moderates a discussion on the digital transformation of the tax function between Jen Deutsch, Luiz Fernando Rezende Gomes, Holly Hamby and Emily VanVleet at Deloitte.


TALKINGpoint

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Transactional risk insurance in Asia Pacific

FW moderates a discussion between Darren Savage and Ami Kalmath at AIG and Terence Montgomery at Willis Towers Watson on transactional risk insurance in Asia Pacific.

Valuations, goodwill and impairments investigations

FW moderates a discussion between Andrew Fargason, Jasmeet Singh Marwah, Jason Muraco, Jeremy Krasner and Matt Clark at Stout Risius Ross, LLC on valuations, goodwill and impairments investigations.

Proactive fraud risk management

FW discusses proactive fraud risk management with Nick Parfitt at Acuris Risk Intelligence.

E-disclosure in disputes

FW moderates a discussion on e-disclosure in disputes between Robert Jones and Tracey Stretton at Ankura, David Webb at DLA Piper, Ben Sigler at Stephenson Harwood and Mark Surguy at Weightmans.

DEALfront

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mergers & acquisitions

Anadarko sold to Occidental for $38bn

In a deal that ranks as one of the largest oil mergers and acquisitions (M&A) of the past few years, Occidental Petroleum Corporation has completed the acquisition of Anadarko Petroleum Corporation in a transaction valued at $38bn, including…

Broadcom to buy Symantec unit for $10.7bn

In August, Broadcom Inc announced that it had agreed to acquire Symantec Corp’s enterprise security unit for $10.7bn in cash. The deal, which had been the topic of speculation since early July, is expected to close in the first quarter of Broadcom’s fiscal…

private equity & venture capital

Refinitiv and LSE agree $27bn deal

In a move designed to create a financial markets infrastructure leader of the future, London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium to acquire Refinitiv, one of the world’s largest providers of financial markets data and…

Presidio taken public in $2.1bn BC Partners deal

Just two years after its initial public offering (IPO), information technology service company Presidio Inc is to be acquired by European investment firm BC Partners in an all-cash deal worth $2.1bn, including debt. Under the terms of the deal, Presidio stockholders…

bankruptcy & corporate restructuring

Sanchez Energy files for Chapter 11 protection

In a bid to strengthen its balance sheet and support its long-term strategy, independent oil and natural gas production company Sanchez Energy Corporation has voluntarily filed for reorganisation under Chapter 11 of the US Bankruptcy Code. Sanchez Energy’s…

Maxcom files for Chapter 11 bankruptcy for the second time

For the second time in six years, Mexican telecommunications provider Maxcom Telecomunicaciones SAB has filed for pre-packaged Chapter 11 bankruptcy protection. Maxcom and a US subsidiary – Maxcom USA – filed for Chapter 11…



CONTRIBUTORS

Acuris Risk Intelligence

AIG

Ankura

Brown Rudnick LLP

Canosa Abogados

Deloitte

DLA Piper

Forensic Risk Alliance (FRA)

Hochman Salkin Toscher Perez, P.C.

Hogan Lovells International LLP

Jones Day

Kirkland & Ellis International LLP

NERA Economic Consulting

Nokia Corporation

NuVasive, Inc.

Ropes & Gray LLP

Skadden, Arps, Slate, Meagher & Flom LLP

Stephenson Harwood

Stout Risius Ross, LLC

Weightmans

Willis Towers Watson


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