Following the recent event over the weekend (27/28 June 2015), we set out below a short guide on the current status in Greece.
Months of negotiations on a deal to restructure Greece’s debts appear...more
On 28 June, the Greek Government imposed capital controls in the latest development in the country’s financial crisis. This has been imposed pending the referendum, scheduled to take place on 5 July, on whether people agree...more
Generally, there are no exchange controls in Australia. However, taking currency notes (in any currency) to the value of AUD10,000 or more must be reported.
In some cases there may be financial...more
A recent Financial Institution Letter provides guidance on the FDIC’s methodology when entertaining requests from banks or savings associations organized as Subchapter S corporations (S-corporation banks) to pay dividends to...more
On 25 March 2013, the Bank of Cyprus and Laiki Bank (also known as Cyprus Popular Bank) entered resolution proceedings under the Resolution of Credit and Other Institutions Law 2013....more
Banks in Cyprus opened today at 10 am GMT, 10 days after they closed, as Cyprus became the first country in the Eurozone to implement capital and exchange controls in an attempt to prevent a run on the nation’s banks and a...more
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