Top Tax QCs OK With Disallowed Film Schemes, UBS Says
By Christopher Crosby (January 5, 2022, 5:17 PM GMT) -- Swiss banking giant UBS has fought back against a group of investors suing over its alleged role in a failed film tax relief scheme, telling a London judge that it verified the plans before selling the investments to rich clients.
The private investment bank said in a Dec. 23 update to its High Court legal defense that top-level tax lawyers and accountants had looked over the tax relief schemes operated by Ingenious Media before they were sold on to high-net-worth investors.
The investors are suing the Ingenious Group of companies, its directors and the professional agents and financial advisers who sold,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!