Daily Archives: 20 January 2017

French Court acquits art dealer Wildenstein of tax fraud

12 January 2017, a French court acquitted art dealer Guy Wildenstein and seven others in a case which the prosecution claimed was “the most sophisticated and longest” case of tax fraud in postwar France. It had requested a €250 million fine and a four-year jail sentence, two suspended. The French tax authorities launched a criminal…

CJEU opinion on court challenge to French tax information exchange request

10 January 2017, an opinion issued by the EU Court of Justice (CJEU) found that Luxembourg should allow a company to challenge the legality of an information order issued in support of a French exchange of information request on the grounds that the request lacks “foreseeable relevance”. In Berlioz Investment Fund SA v Directeur de…

UBS loses €1.1 billion bail challenge in European Court of Human Rights

12 January 2017, the European Court of Human Rights rejected UBS’s challenge to a €1.1 billion security which had been imposed by the French authorities in 2014 in the context of the court supervision of the Swiss bank, which has been placed under formal investigation for alleged illegal direct selling of banking products and aggravated…