Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans.
- Australia’s securities markets regulator banned former PwC Australia partner Peter Collins from providing financial services for eight years. The Australian Securities and Investments Commission said it found that Collins, the partner at the center of the firm’s tax leaks scandal, disclosed confidential information he obtained in his roles as a tax advisor to the Commonwealth Treasury and the Australian Board of Taxation. “Accordingly, ASIC found that Mr Collins is not a fit and proper person to provide financial services and that it was in the public interest to prevent him from working in the financial services industry.” The regulator said Collins has the right to appeal its decision. (Asic.gov.au)
- Vietnam looks likely to delay its expected January 2024 implementation of the 15% global minimum tax, after its parliament removed the measure from the agenda for its last session of the year. The delay could be costly to big foreign multinationals operating in the country, including Samsung and Intel, a report from Hanoi says. (Reuters via Market Screener)
- About 100 former employees of The Walt Disney Company’s French subsidiary are preparing a lawsuit against the company, accusing it of under-reporting its profits for the purpose of shorting them on profit-sharing payments, French investigative newspaper Le Canard Enchainé (subs. req.), reported. The paper also said the French tax authority is auditing Disney France’s tax years 2020, 2021, and 2022. (Le Canard Enchainé)
Courts
- French prosecutors asked a court to sentence actress Isabelle Adjani to a suspended prison sentence of 18 months and 250,000 euros ($264,783) fine for alleged tax fraud. (Le Point).
- A former longtime facilities and services manager at law firm Cleary Gottlieb’s UK branch was sentenced to six years in prison for sending fake invoices to vendors to steal an estimated 1 million pounds ($1.21 million) over three years. (Roll on Friday)
Laterals, Moves, Promotions
- Law firm Weil Gotshal hired restructuring attorney Céline Domenget-Morin as partner in Paris. She arrives from Goodwin Procter, where she was partner, and was earlier at White & Case. (Weil.com)
- New York-based law firm Warshaw Burstein brought in trusts and estates and tax attorney Jacqueline Bevilaqua as partner. (WBNY.com)
