The Alternative Investment Management Association says it is concerned that many of the proposals in the texts of the Alternative Investment Fund Managers Directive discussed by the European Parliament’s Economic and Monetary Affairs Committee and European finance ministers at the Ecofin meeting are impractical and unworkable. Andrew Baker, chief executive

Guernsey’s Chief Minister Lyndon Trott has been reinforcing the island’s position as a leader in tax transparency during meetings with officials in Washington. The Chief Minister last week met with Michael Mundaca, assistant secretary of the US Treasury Department, to discuss the continuing cooperative efforts of the two jurisdictions on

Offshore law firm Walkers says it has seen burgeoning growth in its insolvency and corporate recovery practice, especially in Asia. To provide more resources to Asian-based clients, Walkers has appointed Guy Locke (pictured), global head of Walkers’ insolvency and corporate recovery group, as head of Asia. Walkers has also strengthened

Law firms Hogan & Hartson and Lovells and completed the combination of their two firms. The partners of both firms voted to combine the businesses in December 2009. Hogan Lovells as more than 40 offices throughout the world, including associated offices in Croatia, Hungary and Saudi Arabia. Warren Gorrell (pictured)

The Bermuda Monetary Authority has proposed a series of changes to the general business conduct and practice code of conduct issued under the Investment Business Act 2003 that aim to improve practices among investment providers. The project stems from a review the authority conducted in 2009 into disclosure practices prevalent