Corporate Crime & Compliance UK

  • March 17, 2025

    Kuwait Pension Fund Says Director Ran $1B Bribery Scheme

    The former director of Kuwait's pensions authority orchestrated a two-decade-long "unlawful scheme of corrupt payments" in excess of $1 billion, lawyers for the authority said at the opening of a bribery trial in London on Monday.

  • March 17, 2025

    6 Bombshell Moments From Staley's Bid To Clear His Name

    Jes Staley has suffered a bruising week as he testified about his relationship with Jeffrey Epstein, culminating in an admission by the former banker that he had sex with a member of the disgraced financier's staff.

  • March 17, 2025

    Google Fights To Trim Antitrust Trial Over Shopping Service

    A shopping comparison website urged Britain's specialist competition tribunal on Monday to reject Google's bid to trim the scope of an upcoming antitrust trial over alleged unfair search results.

  • March 17, 2025

    Russian Ship Captain Charged Over North Sea Collision

    The captain of a cargo ship that collided with an oil tanker in the North Sea has been charged with gross negligence manslaughter, the Crown Prosecution Service has said.

  • March 17, 2025

    FCA Fines, Bans Odey For Obstructing Misconduct Probe

    The Financial Conduct Authority banned Crispin Odey on Monday and fined the hedge fund boss £1.8 million ($2.3 million) after concluding that he had attempted to thwart an internal probe into sexual misconduct allegations.

  • March 14, 2025

    Police Expand Probe To Individuals At Lucy Letby Hospital

    Detectives in the corporate manslaughter investigation into the hospital that employed Lucy Letby are now examining potential manslaughter charges against individuals, as the lawyer for the former nurse convicted of murder over the death of seven babies criticized the probe.

  • March 14, 2025

    Judge Splits $79M Judgment In Danish Tax Fraud Case

    A New York federal judge divided a nearly $79 million judgment against four investors and their pension plans after a jury in February found them liable for participating in a tax fraud scheme against the Danish government.  

  • March 14, 2025

    Entrepreneur Loses Appeal Over £14M Barclays Asset Freeze

    A businessman has lost his bid to overturn a ruling that he breached a £13.7 million ($17.5 million) freezing order in a fraud case, with an appeals court ruling Friday that a judge's findings were not wrong.

  • March 14, 2025

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen J.P. Morgan face action by the founder of Viva Wallet in an ongoing feud over the company's takeover, retailer Next Group contest a claim by the home ware brand owned by private members' club Soho House, and the venue of the Wimbledon Championships sue a local group opposed to its plans to build new tennis courts on protected land in Wimbledon Park.

  • March 14, 2025

    Alleged Putin Ally Faces Landmark Sanctions Evasion Trial

    A former Russian politician and his wife were due to stand trial on Monday in the first prosecution brought in the U.K. for criminal sanctions evasion over allegations that they circumvented the restrictions by opening a bank account and obtaining car insurance.

  • March 14, 2025

    Struck-Off Lawyer Can't Lift Ban After Misleading HMRC

    A former consultant solicitor who misled HM Revenue and Customs to get a refund on stamp duty land tax has failed to have his professional ban lifted as a London court ruled on Friday that the sanction was fair and justified.

  • March 14, 2025

    Ex-Reform UK Wales Chief To Stand Trial In 2026

    The former leader of the right-wing populist Reform Party's Welsh arm is expected to stand trial in June 2026 to face allegations that he took bribes to support Russia in the European Parliament, a judge at a London court said Friday.

  • March 13, 2025

    UN Judge Convicted Of Modern Slavery Offenses In UK

    A United Nations judge was convicted of modern slavery Thursday after a British jury found that she had forced a woman to be her unpaid nanny.

  • March 13, 2025

    Staley Denies Using Daughter As Intermediary With Epstein

    Jes Staley denied using his daughter as an intermediary to communicate with Jeffrey Epstein after he said he cut off the disgraced financier, as he gave evidence to a tribunal Thursday.

  • March 13, 2025

    Trump's EU Threat May Aim To Boost Negotiation Leverage

    President Donald Trump continued his trade tactics Thursday, threatening a 200% tariff on European alcohol imports that is almost certain to be another tool to leverage in future negotiations despite the economic uncertainty it creates.

  • March 13, 2025

    Ex-Manager Says Drax Tried To Hide Sustainability Failings

    A former public affairs manager at British energy company Drax Power Ltd. told a London tribunal on Thursday that bosses sacked her to try to silence her after she blew the whistle over concerns about alleged sustainability failings.

  • March 13, 2025

    Prosecutors Charge NCA Officer Over Stolen Bitcoin

    The U.K. prosecution agency said on Thursday it had charged a National Crime Agency officer with 15 separate criminal offenses related to the theft of 50 bitcoin, worth nearly £60,000 ($77,623) in 2017.

  • March 13, 2025

    Watchdog Launches Probe Into EY Audit Of High-Profile Biz

    The U.K. accounting watchdog said Thursday that it has kicked off an enforcement investigation into audits conducted by Ernst & Young LLP for a high-profile business.

  • March 13, 2025

    Russia's Former Deputy PM Loses Bid To Lift EU Sanctions

    Russia's former deputy prime minister has failed to end European Union sanctions against him after the European Court of Justice upheld on Thursday the conclusion that he actively supports the Russian government as president of its state investment company VEB.RF.

  • March 13, 2025

    FCA Charges 5th Person In £3.9M Water Investment Fraud

    The Financial Conduct Authority said Thursday that it has charged a fifth individual over a suspected £3.9 million ($5 million) water investment scam.

  • March 13, 2025

    Failed Sewage CPO Ruling Still Gives Hope For Novel Cases

    A recent tribunal decision dismissing mass action worth up to £1.5 billion ($1.9 billion) against major water companies for underreporting pollution shows the limits of bringing competition law claims in highly-regulated sectors while offering hope that novel case theories can succeed.

  • March 19, 2025

    Constantine Law's New White Collar Partner Brings SFO Edge

    The newest partner on Constantine Law Ltd.'s regulatory team, veteran white collar crime lawyer John Milner, is looking forward to helping the consultant-led firm expand its corporate crime capabilities.

  • March 12, 2025

    Simpson Thacher Fined £300K For AML Compliance Failures

    Simpson Thacher & Bartlett LLP was fined £300,000 ($389,0000) by the Solicitors Disciplinary Tribunal on Wednesday for failing to implement measures to lower the risk of money laundering.

  • March 12, 2025

    UK Enforcers Double Down On Apple Mobile Browser Worries

    A new report from British competition enforcers claims that Apple and Google's dominance in mobile operating systems and browsers limits competition and innovation in the United Kingdom, while encouraging regulators to consider imposing pro-competition requirements on the tech giants.

  • March 12, 2025

    Regulatory Rollback Gathers Pace As Programs Axed

    The City watchdog has dropped three of its top regulatory initiatives, responding on Wednesday to industry criticism and government pressure to boost competitiveness and economic growth.

Expert Analysis

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.

  • Review Of Computer Evidence Use Raises Complex Issues

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    The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

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