Non-party costs orders
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المكاتب العائلية نشاط استثماري خارج المظلة التنظيمية
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Archegos and the $10trn world of family offices
As wealth becomes ever more concentrated, private fortunes are being managed in family offices. But people inside this rarefied world are realising the boom times of light oversight are behind them.
The super-rich face challenges that the rest of us do not have to consider.
Robin Wigglesworth, Laurence Fletcher and Katie Martin
Apr 6, 2021 – 12.15pm
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The super-rich face challenges that the rest of us do not have to consider: yacht maintenance, selecting the right fleet of private jets, finding boarding schools for their offspring. Thanks to their roughly $US6 trillion ($9.8 trillion) in combined family wealth, they have to worry about Bill Hwang, too.
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Deutsche Bank s Contempt Fight With Billionaire Gets OK
Law360, London (December 21, 2020, 3:41 PM GMT) A London judge on Monday dismissed Monaco-based billionaire Alexander Vik s attempt to have Deutsche Bank s application for his committal to prison struck out, concluding the bank is entitled to take the step as it tries to recover $300 million in debt.
Judge Sara Cockerill said that the bank s decision to launch committal proceedings against Vik over his alleged failure to provide information about his assets was justified, as the threat could help the bank trace the $300 million that a court found Vik and his former fund Sebastian Holdings Inc. or SHI, owed the lender in 2013.