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Tag: Luxembourg
Luxembourg Leaks All Over EY’s Tax Planning
Last month, we learned about a trove of documents that revealed a creative tax planning […]
This Cartoon Video Explaining the Luxembourg Tax Schemes Is Perfect
Share it with the kids! Is it me or does the accountant bear a striking […]
PwC’s Tax Work in Luxembourg Is Getting Some Unwanted Attention
There's nothing quite like an enormous international corporate tax scheme, am I right? Sure, […]
There’s at Least One Advantage to Working in KPMG’s Luxembourg Office
This just in:
KPMG in the US seems to have some tight purse to deal with, not sure that this is the case everywhere, check out what the Luxembourg firm is doing to keep people happy (around rather)!
Can the Month of March Get Worse for Ernst & Young?
Today in non-Lehman Brothers Ernst & Young news, the firm has been sued by a liquidator in Luxembourg just a few weeks after a Lux court ruled that individual investors couldn’t bring suits against UBS and E&Y. The suit seeks over $400 million in damages against the two firms. The Iriving Picard de Lux is Alain Rukavina, who filed the suit today.
BBW reports that “Rukavina is one of two liquidators who in December sued UBS and Ernst & Young over Access International Advisors LLC’s LuxAlpha Sicav-American Selection Fund, which once had $1.4 billion in net assets.”
A UBS spokesperson stated that this development was not unexpected and we’re sure that E&Y isn’t yawning at this news, chalking it up to fairly typical Monday.
So in case you’ve been in a coma for the last week or so, you’re probably aware that JT and Co. haven’t had such a great March. Anyone got ideas for how they turn all these frowns upside downs? Do Canadian Tuxedos become standard dress code M – F? Does Jimbo send everyone a complimentary pair of Timberlands? An E&Y Hitler video to lighten the mood? Suggestions are welcome.
UBS, Ernst & Young Sued by Madoff-Fund Liquidators [Bloomberg BusinessWeek]