Corporate Crime & Compliance UK

  • January 20, 2025

    IT Biz Denies Role In 'Outlandish Allegations' Against Charity

    An IT consultancy has told a court it had "no role" in making allegedly "outlandish" accusations against a marine navigation charity, arguing that it should never have been dragged into a fight between the charity and its tech provider.

  • January 20, 2025

    Law Prof Wins Battle To Lead £2.7B Amazon Class Action

    The Competition Appeal Tribunal ruled on Monday that a law academic can act as the representative in a proposed class action against Amazon, deciding that the professor presented a more viable claim than a trade organization also vying for the role.

  • January 20, 2025

    Tory MP Wants 'Answers' On Atty General's Alleged Conflicts

    The shadow justice secretary has called for "answers and honesty" on the involvement of the attorney general in government decisions concerning his past clients — including Gerry Adams, the former president of Irish republican party Sinn Féin.

  • January 20, 2025

    Prince Harry's Fight With Murdoch Media Empire Reaches Trial

    Prince Harry's long-standing personal legal battle against tabloid newspapers for allegedly invading his privacy will reach a landmark stage on Tuesday, as his case against the U.K. arm of Rupert Murdoch's media empire goes to trial in London.

  • January 20, 2025

    KPMG Probed In UK For Audit Of Ladbrokes Owner Entain

    The accounting watchdog said Monday that it has started an investigation into KPMG LLP over its audit of international betting company Entain PLC for the year to the end of December 2022.

  • January 20, 2025

    Judges Call For Removal Of Judicial Appointments Boss

    Unionized judges called for the removal of the chair of the Judicial Appointments Commission, Helen Pitcher, in an open letter to the justice secretary on Monday.

  • January 17, 2025

    UK Parliament Calls New Treasury Unit 'Poorly Defined'

    A new HM Treasury office set up to scrutinize fiscal policy lacks staff and its purpose is poorly defined, which means it could duplicate the work of other organizations, the U.K. Parliament's Treasury Select Committee said in a report Sunday.

  • January 17, 2025

    Ex-Mozambique Finance Head Gets 8½ Years In $2B Bond Rap

    A Brooklyn federal judge sentenced Mozambique's former finance minister to 8½ years in prison Friday for facilitating a corrupt $2 billion loans-for-bribes deal, ordering him to forfeit $7 million and imposing time beyond the six years the defendant has been incarcerated.

  • January 17, 2025

    Conveyancing Exec Misappropriated £110K Of Client Money

    A former conveyancing executive has been barred from working for a law firm after she misappropriated nearly £110,000 ($133,853) of client money, the Solicitors Regulation Authority said Friday.

  • January 17, 2025

    Jones Day Hires Ex-Justice Secretary Alex Chalk As Partner

    Jones Day said Friday it has hired former justice secretary Alex Chalk KC as a partner in its London office, boosting its global disputes practice with both legal and political experience.

  • January 17, 2025

    Ex-SFO HR Head Claims Bosses Forced Him Out

    The former head of human resources at the Serious Fraud Office has sued the authority for unfair dismissal, telling a tribunal that executives forced him to quit after they "consistently undermined and sidelined" him before hiring someone else to take on his duties.

  • January 17, 2025

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

    This past week in London has seen the family of the late chairman of Leicester City FC sue a helicopter manufacturer for £2.15 billion ($2.63 billion), Vivienne Westwood bring a copyright claim against the late designer's foundation and blockchain giant Tether file a new claim in its ongoing dispute with crypto trading firm Swan Bitcoin. Here, Law360 looks at these and other new claims in the U.K.

  • January 17, 2025

    SFO Secures 1st UWO Against Convicted Lawyer's Ex-Wife

    A judge ordered the ex-wife of solicitor imprisoned for defrauding investors on Friday to explain how she acquired a house in northwest England after granting the Serious Fraud Office its first-ever unexplained wealth order

  • January 17, 2025

    Scottish Power Loses £28M Redress Case Against HMRC

    Scottish Power lost its appeal against HM Revenue and Customs on Friday, as a tribunal ruled that the energy company was wrong to argue that just over £28 million ($34 million) in redress payments it made after being investigated for regulatory failures was tax-deductible.

  • January 17, 2025

    Oligarch Loses $14B Claim Over Russian Asset-Stripping Plot

    Imprisoned oligarch Ziyavudin Magomedov's $14 billion claim against Transneft, Rostatom, TPG and others over an alleged Russian state-led conspiracy to strip his assets in two major port operators was struck out at a London court on Friday.

  • January 16, 2025

    UK CMA Settles Sports Betting Company Divestiture

    Spreadex has appealed an order from the U.K.'s competition enforcer commanding it to sell off a sports betting company that it acquired in 2023, but in the meantime, it is taking all the necessary steps to comply with the agency's order.

  • January 16, 2025

    Apple CFO Challenges App Store Profit Claim In £1.5B Trial

    Apple's chief financial officer told a London antitrust tribunal Thursday that the profitability of the App Store could not be meaningfully measured as he gave evidence in a £1.5 billion ($1.8 billion) class action against the tech giant.

  • January 16, 2025

    Trader Can't Dodge US Extradition Over $3M Ponzi Fraud

    A London judge approved the U.S. extradition of a man accused of operating a $3.3 million Ponzi scheme, after finding the conditions at a New York prison are not so poor as to pose a "real risk" to his human rights.

  • January 16, 2025

    Socialite Denies Using £200M Laundering Plot To Prop Up Biz

    A socialite denied at trial Thursday that he was involved in a £200 million ($244 million) money laundering scheme that prosecutors say he used to create the illusion of success for his failing gold business.

  • January 16, 2025

    Mega-Yacht Seizure Was 'Simply Unreasonable,' Oligarch Says

    A Russian businessman urged Britain's highest court Thursday to overturn a government decision to detain his yacht in London in response to Russia's invasion of Ukraine, arguing that it was "simply unreasonable" to believe its seizure would pressure the Kremlin.

  • January 16, 2025

    PrivatBank Founder Must Try To Revive Dissolved Companies

    PrivatBank's co-founder, Gennadiy Bogolyubov, must stop "stonewalling" and try to restore several struck-off British Virgin Islands companies that held his assets ahead of a judgment on his role in an alleged $4.2 billion fraud, a London court ruled Thursday.

  • January 16, 2025

    McDermott Adds Restructuring Pro In London

    McDermott Will & Emery LLP has hired an experienced corporate finance, restructuring and insolvency specialist to its London team, as the firm deepens its bench strength amid another year forecast to be challenging for business.

  • January 23, 2025

    Jenner & Block Taps Investigations Pro From Baker McKenzie

    Jenner & Block LLP has recruited a seasoned investigations partner from Baker McKenzie to launch its London public law and crisis management practice and to be co-chair of its investigations team.

  • January 15, 2025

    HMRC Board Chair Calls Fiscal Rules Nonnegotiable

    The U.K. government will not change course on its fiscal rules despite higher borrowing costs from worsening market conditions, the chair of the board of Britain's tax authority told Parliament's Treasury Committee on Wednesday.

  • January 15, 2025

    Whistleblowing Engineer Wins Unfair Firing Claim

    A chief engineer has won his claim that he was unfairly fired after raising concerns that a job to replace gas mains in London violated health and safety regulations.

Expert Analysis

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.

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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

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