Corporate Crime & Compliance UK

  • December 19, 2024

    UK Private Stock Market May Fail To Attract Investors, Firms

    A world-first regulated market that the U.K. government has proposed for private companies to trade shares might fail to offer enough of an incentive to attract firms and investors.

  • December 19, 2024

    BT Defeats £1.3B Class Action In Setback For Consumers

    Telecoms operator BT defeated on Thursday a £1.3 billion ($1.6 billion) class action brought on behalf of three million landline customers in the first substantive ruling deciding a U.K. collective proceedings order claim.

  • December 18, 2024

    Skat Fights To Bring New Cum-Ex Fraud Case Against Broker

    The Danish tax authority argued at a London appeals court on Wednesday that it should not be blocked from bringing fresh tax fraud claims against an English brokerage, contending that the claims cover new material not already decided in earlier proceedings.

  • December 18, 2024

    Manager Unfairly Fired After Exposing Fraud At Leeds Charity

    A charity worker has won her unfair dismissal case after an employment tribunal ruled higher-ups at a charity based in Leeds demoted and then fired her for sharing confidential information about colleagues without properly investigating the claims.

  • December 18, 2024

    FCA Charges WealthTek Partner With £64M Fraud

    The Financial Conduct Authority on Wednesday said it has charged a former partner of wealth management firm WealthTek LLP with fraud, saying he transferred over £64 million ($81.3 million) from client accounts to ones he controlled.

  • December 18, 2024

    University Human Rights Report Was Defamatory To Supplier

    A university report into apparel supply chains that linked some of the suppliers to human rights abuses against China's Uyghur minority and other groups had a defamatory meaning, a judge has found.

  • December 18, 2024

    EU Court Rejects Latest Challenge To Portugal's Tax Clawback

    A European court rejected a Brazilian-based company's challenge Wednesday to a European Commission ruling that Portugal must claw back tax breaks provided to companies with no local economic activity because that ran counter to commission-approved policies.

  • December 18, 2024

    Tech Biz Unfairly Fired CEO For Whistleblowing On China Deal

    A British semiconductor company unfairly sacked its chief executive after he blew the whistle on the risks of relocating the company's headquarters to China in return for investment, a tribunal has ruled.

  • December 18, 2024

    Police Can Seize £2.6M From Influencers Over Unpaid Tax

    Police can seize £2.6 million ($3.3 million) in unpaid taxes from internet influencer Andrew Tate and his brother Tristan Tate over millions they made from online businesses, a London court ruled Wednesday.

  • December 18, 2024

    FCA's 2024 Consumer Focus Still Has Firms Guessing

    The Financial Conduct Authority shifted further toward results-based financial regulation in 2024 by requiring regulated companies to comply better with its Consumer Duty, forcing managers to make individual interpretations of the regime's often ambiguous requirements where more specific rules are missing.

  • December 18, 2024

    Group Says Craig Wright In Contempt For £900B Bitcoin Claim

    Cryptocurrency developers argued in a London court Wednesday that Australian computer scientist Craig Wright should be found in contempt of court for asserting he had invented bitcoin in an approximately £900 billion ($1.144 trillion) claim after a judge ruled that he had repeatedly lied about creating the digital currency.

  • December 18, 2024

    UK Sees 'Merit' In Costs Cap For Agencies Pursuing Oligarchs

    The government said Wednesday that it will consider the introduction of legislation to cap the legal costs law enforcement are liable to pay defendants in unsuccessful civil proceedings, potentially shielding agencies from the financial brunt of failed cases against deep-pocketed kleptocrats.

  • December 18, 2024

    UK Must Address Regulatory Bias Toward Risk, ABI Says

    Regulation in the U.K. has become heavily weighted toward risk rather than growth and its "structural bias," which creates layers of rules in the financial services sector, must be tackled, the Association of British Insurers said Wednesday.

  • December 18, 2024

    Briton Can Appeal S. African Extradition In £36M Bribery Case

    A Briton wanted in South Africa over an alleged £36 million ($46 million) government bribery scandal has been granted permission to appeal against his extradition after a London court found that recent legal developments in the African country could mean it is an abuse of process.

  • December 17, 2024

    NI Journalists Win Surveillance Claim Against Police

    Two Northern Irish journalists won their claim against two U.K. police services Tuesday when a London tribunal ruled that Northern Irish and London police had unlawfully spied on them, awarding them £4,000 ($5,083) in damages and quashing a surveillance order against the two men.

  • December 17, 2024

    Gov't Ignores Calls For Redress Over State Pension Failings

    The Labour government said on Tuesday it will not compensate women affected by historical failures to inform them that their retirement age had changed, in a move campaigners called an "unprecedented political choice" set to have long-term repercussions.

  • December 17, 2024

    MI5 Wins Case Against Lawyer Accused Of Being Chinese Spy

    A solicitor accused of being a Chinese spy has lost her legal challenge against MI5, after a tribunal found Tuesday that the U.K. security service acted lawfully when it warned parliamentarians that she was trying to interfere with the political process.

  • December 17, 2024

    Broker Banned For 'Lack Of Integrity' Over Indemnity Risk

    The director of a mortgage broker who demonstrated a "lack of integrity" has been banned and must pay a £10,000 ($12,700) fine after a London appeals court ruled Tuesday that he recklessly risked his company operating without professional indemnity insurance.

  • December 17, 2024

    Osborne Clarke Pro Denies Trying To Block Zahawi Scrutiny

    A partner with Osborne Clarke LLP who represented Nadhim Zahawi has denied trying to prevent the former Conservative chancellor from facing scrutiny over his tax affairs by sending an allegedly threatening letter to a blogger, as he testified at a disciplinary tribunal on Tuesday.

  • December 17, 2024

    UK Broker Fights New Danish Cum-Ex Fraud Allegations

    An English brokerage argued at the Court of Appeal on Tuesday that Danish authorities should be barred from bringing new tax fraud claims against it because the court has already thrown out a case that turns on the same fundamental question.

  • December 17, 2024

    Ireland Could Lose €15B Due To Trump, Central Bank Warns

    The Irish government could lose up to €15 billion ($15.7 billion) of this year's corporate tax surplus if the incoming U.S. administration changes policy, the Central Bank of Ireland warned Tuesday.

  • December 17, 2024

    Campaigners Win Right To Publish SFO Bribery Trial Docs

    A British anti-corruption charity has won the right to publish the full transcript from a criminal trial that implicated the U.K. government in bribery as a judge ruled on Tuesday that the courts should not interfere with editorial discretion.

  • December 17, 2024

    FCA Bans Director, Adviser Over 'Flawed' Pensions Advice

    The City watchdog has banned a company director and pensions adviser from the financial services sector for giving "fundamentally flawed" guidance that jeopardized consumer retirement savings.

  • December 17, 2024

    UK To Compensate Postmasters For Pre-Horizon IT Errors

    Postmasters affected by accounting errors dating from before the Horizon IT scandal will be awarded compensation, the government said on Tuesday.

  • December 17, 2024

    SFO Makes Arrest As Probe Into Failed TV Sports Co. Widens

    Britain's anti-fraud enforcer said Tuesday that it has arrested a third individual in connection with its investigation into a TV sports company that fell into administration in late 2021 after administrators uncovered a £280 million ($355 million) hole in its finances.

Expert Analysis

  • AI Tools Could Enhance UK Gov't Public Services Strategy

    Author Photo

    The government’s recently announced intention to pilot artificial intelligence tools in routine policy work is part of a wider strategy to revolutionize the delivery of public services, and could improve productivity and create efficiencies, provided it is mindful of the potential risks involved, say attorneys at Akin.

  • Taking Stock Of The Latest Criminal Court Case Statistics

    Author Photo

    The latest quarterly statistics on the type and volume of cases processed through the criminal court illustrate the severity of the case backlog, highlighting the need for urgent and effective investment in the system, say Ernest Aduwa and Jessica Sarwat at Stokoe Partnership.

  • ICO Data Protection Guidance Offers Clarity On Fining Powers

    Author Photo

    New guidance from the Information Commissioners' Office is designed to offer transparency about its fining powers, and, combined with the office's wide-ranging enforcement authority, clearly intends to ensure breaching companies concentrate on the external harm they cause and not only internal changes, say Robert Allen and Amelia Handoll-Clark at Simmons & Simmons.

  • Hugh Grant Case Raises Questions About Part 36 Offers

    Author Photo

    Actor Hugh Grant's recent decision to settle his privacy suit by accepting a so-called Part 36 offer from News Group — to avoid paying a larger sum in legal costs by proceeding to trial — illustrates how this legal mechanism can be used by parties to force settlements, raising questions about its tactical use and fairness, says Colin Campbell at Kain Knight.

  • Investment Security Act Fine-Tune May Help Businesses

    Author Photo

    Although the government’s recent response to feedback on the National Security and Investment Act regime makes it clear that its approach is one of fine-tuning and substantial reforms will have to wait, there is still room to ease the burden on businesses by issuing guidance and refining the terms of mandatory area definitions, say lawyers at Linklaters.

  • How New FCA Rules Strengthen Borrower Protections

    Author Photo

    The Financial Conduct Authority’s recently published final rules, aimed at strengthening protections for borrowers in financial difficulty by regularizing good practices across the industry, put its previous guidance on a permanent footing and send a clear message to firms that this issue remains a regulatory priority, say James Black, Julie Patient and Mark Aengenheister at Hogan Lovells.

  • How Cos. Can Prepare For EU's Forced Labor Regulation

    Author Photo

    Before a new European Union regulation takes effect banning products made with forced labor from the internal market, economic operators will need to get their supply chain compliance functions ready, familiarizing themselves with international standards and case law, say Vassilis Akritidis and Jean-Baptiste Blancardi at Crowell & Moring.

  • Opinion

    New Property Category Not Needed To Regulate Digital Assets

    Author Photo

    The U.K. Law Commission's exploration of whether to create a third category of property for digital assets is derived from a misreading of historical case law, and would not be helpful in resolving any questions surrounding digital assets, says Duncan Sheehan at the University of Leeds.

  • FTSE Draft Rules Show Impact Of FCA Listing Reforms

    Author Photo

    FTSE Russell’s recently published provisional rule changes represent a much-awaited indication of its response to the U.K. Financial Conduct Authority’s proposed listing reforms, providing a level of certainty that will assist issuers and advisers in preparing for the implementation of the regime, say lawyers at Davis Polk.

  • FCA Strikes A Balance With 'Finfluencer' Guidance

    Author Photo

    With financial firms leveraging social media to engage with a broader audience, the Financial Conduct Authority’s recent "finfluencer" guidance signals a recognition of the imperative to adapt regulatory frameworks while maintaining a firm commitment to consumer protection, say David Allinson and Damien O'Malley at RPC.

  • Pharma Remains A Key Focus Of EU Antitrust Enforcement

    Author Photo

    The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.

  • Dissecting Recent Developments Against The Misuse Of NDAs

    Author Photo

    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What UK Energy Charter Treaty Exit Would Mean For Investors

    Author Photo

    While the U.K.'s recent announcement that it intends to withdraw from the Energy Charter Treaty is a bold political signal, investor protections will remain in place for a significant period of time, ensuring that an element of certainty and business continuity will remain, say Karel Daele and Jessica Thomas at Taylor Wessing.

  • Assessing The FCA Data Study's Response To User Concerns

    Author Photo

    The Financial Conduct Authority’s recently published report on the supply of wholesale financial data differs from others in its exceptional breadth and analysis of an enormous volume of information, but in its reluctance to address market power or pricing directly, the regulator’s approach is still cautious, say Emma Radcliffe and Greg Dowell at Macfarlanes.

  • Uber Payout Offers Employer Lessons On Mitigating Bias

    Author Photo

    Uber Eats' recent payout to a driver over allegations that the company's facial recognition software was discriminatory sheds light on bias in AI, and offers guidance for employers on how to avoid harming employees through the use of such technology, says Rachel Rigg at Fieldfisher.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!