Edmond de Rothschild convicted and fined - sign of the times?

The sprawling '1MDB' embezzlement investigation snared its first Luxembourg bank in May. Details are a little sketchy but Elizabeth Robertson and Max Hobbs of Robertson Pugh find lessons in the resolution.

Elizabeth Robertson (+44 (0)7788 412616, er@robertsonpugh.com) is a partner and Max Hobbs (+44 (0)7791 459444, mh@robertsonpugh.com) a senior associate at Robertson Pugh.

The sprawling '1MDB' embezzlement investigation snared its first Luxembourg bank in May. Details are a little sketchy but Elizabeth Robertson and Max Hobbs of Robertson Pugh find lessons in the resolution.