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Corporate Crime & Compliance UK
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April 02, 2025
Former Wyelands Director Fined £72K For Risky 'Failings'
The Bank of England's regulatory arm said Wednesday that it has fined George Hambro, a former non-executive director of Wyelands Bank PLC, £72,000 ($93,000) for failings that threatened the safety of the now-inactive lender.
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April 02, 2025
Deutsche Bank Units Fined €25M In 'Greenwashing' Case
Two subsidiaries of Deutsche Bank AG have been fined a total of €25 million ($27 million) for failing to fulfill environmental, social and governance promises in promotional materials for investment products, the Frankfurt Prosecutor's Office said Wednesday.
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April 01, 2025
Celtic Football Club Settles Sex Abuse Cases For £1M-Plus
Celtic Football Club has agreed to settle numerous sexual abuse claims brought by former members of the club's boys team for a seven-figure sum, the law firm representing the claimants announced Tuesday.
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April 01, 2025
DWF Avoids Doc Request In Health Data Breach Claim
DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.
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April 01, 2025
Major Banks Appeal To Block Class In £2.7B Forex Case
A group of major banks accused the Court of Appeal on Tuesday of circumventing Britain's specialist competition tribunal when it allowed a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead against them as an opt-out class action.
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April 01, 2025
Motor Finance Ruling Was 'Egregious Error,' Lenders Say
Motor finance firms urged the U.K. Supreme Court on Tuesday to overturn findings that car dealers owed a legal duty to act in the interests of their customers, as a landmark hearing that could determine the size of compensation bills begins.
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April 01, 2025
Ex-SFO Bribery Chief Rappo Exits Reed Smith After 21 Months
A former joint head of the Serious Fraud Office's bribery and corruption unit has left Reed Smith LLP after less than two years working as a partner for its global regulatory investigation and enforcement practice.
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March 31, 2025
France Fines Apple €150M For App Tracking Policy
France's competition enforcer fined Apple €150 million ($162.3 million) on Monday for its rollout of a policy designed to give users more control of the data apps can track over concerns that it hindered small publishers and others that rely on data collection to finance their business.
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March 31, 2025
Billions On The Line As Justices Weigh Motor Finance Appeal
Britain's highest court will consider on Tuesday whether hidden commission payments made by lenders to car dealers were unlawful in a case that could leave banks on the hook for billions of bounds in damages and have legal ramifications far beyond motor finance.
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March 31, 2025
Primark Chief Steps Down Over Probe Into Social Conduct
Primark's parent company said Monday that the high street clothing chain's chief executive has resigned following an internal investigation by Herbert Smith Freehills LLP into his behavior toward a woman.
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March 31, 2025
'Still Early Days': A Litigation Funder Stays Optimistic
As part of a series of interviews with lawyers, class representatives and litigation-funders to mark the 10-year anniversary of the collective proceedings order regime, Law360 spoke to Neil Purslow of Therium Capital Management about the future of litigation funding for CPOs in the wake of the Supreme Court's PACCAR ruling.
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March 31, 2025
Phone Cos. Fighting £3.3B Loyalty Penalty Class Action
A group of mobile phone giants on Monday fought to block a £3.28 billion ($4.24 billion) class action alleging the companies charged customers so-called loyalty penalties, telling the U.K.'s antitrust tribunal it should not green-light the case.
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March 31, 2025
Developer Sues Construction Co. For £2.4M Cartel Losses
A building developer has sued a construction company for almost £2.4 million ($3.1 million) at the Competition Appeal Tribunal over alleged losses resulting from a demolition and asbestos removal services cartel that spanned five years.
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March 31, 2025
Trump, Starmer Discuss Averting US Tariffs On UK Goods
President Donald Trump and Prime Minister Keir Starmer discussed a possible deal between the U.S. and the U.K. to avoid U.S. tariffs from being imposed on goods such as cars and metals, the British government confirmed.
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March 31, 2025
Bank Says Caribbean Decision Blocks £415M VAT Fraud Case
A Caribbean bank argued in court Monday it could not be sued in England over a £415 million ($537 million) value-added tax fraud, because the matter had already been resolved by a judgment in Curaçao.
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March 31, 2025
Al-Fayed Estate To Face Legal Claims Over Sexual Abuse
Five alleged victims of abuse by Mohamed al-Fayed are planning to launch personal injury claims against the estate of the billionaire, who died in 2023, solicitors acting for the group said Monday.
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March 31, 2025
BoE Proposes Raising Deposit Protection Scheme Limit
The regulatory arm of the Bank of England set out proposals on Monday to raise the deposit protection limit of the Financial Services Compensation Scheme from £85,000 ($110,000) to £110,000, warning banks that they should prepare now.
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March 28, 2025
VistaJet Escapes VC Fund's Claim Over Investment Deal
A private jet company owner escaped allegations from a Guernsey venture capital fund that he secretly set up companies to leverage the resources of a business it had invested in, when a London court ruled Friday that the claim came too late.
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March 28, 2025
UK Tax Hikes, Thus Uncertainty, Seem Likely, Think Tank Says
A deteriorating fiscal outlook in the U.K. may force the Labour government to raise some taxes in its fall budget, and that likelihood is sure to foster economic uncertainty about which ones will go up, a U.K. economic research institute said.
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March 28, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen sparkling winemaker Nyetimber hit a rival distillery with an intellectual property claim, Newcastle United's former owner Mike Ashley target the club's ex-vice president for damages tied to a fraudulent investment, and a real estate agency file a legal claim against law firm Winston & Strawn LLP. Here, Law360 looks at these and other new claims in the U.K.
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March 28, 2025
'We Didn't Have A Precedent': Lawyers Test New Regime
As part of a series of interviews with lawyers, class representatives and litigation-funders to mark the 10-year anniversary of the collective proceedings order regime, Law360 spoke to Boris Bronfentrinker and Ricky Versteeg — lawyers on opposite sides of the courtroom — about the watershed Mastercard swipe fees case.
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March 28, 2025
£4M Pay Collusion Fine Is A Warning To Train Recruiters
A £4 million ($5.2 million) fine against major sports broadcasters for colluding to fix freelancers' pay is a warning to employers to ensure their recruiters understand how to comply with competition law as enforcement grows.
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March 28, 2025
Santander Whistleblower Cannot Add FCA Info To Claim
An employment tribunal has rejected a former financial crime policy manager's bid to widen her second whistleblowing claim against Santander to include correspondence with the financial watchdog, ruling that the changes were too fundamental to the basis of her claim.
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March 28, 2025
Wealth Manager Beats €50M Investment Fraud Case
A wealth manager has defeated a €50 million ($54.1 million) investment fraud case brought by an Italian investment vehicle, after a London judge ruled Friday that the losses were the result of "market turmoil" caused by the COVID-19 pandemic.
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March 27, 2025
U Of Sussex Fined £585K For Trans Policy's 'Chilling Effect'
A regulator has fined the University of Sussex a record £585,000 ($758,000) because its transgender equality statement had a "chilling effect" on free speech, causing staff to censor themselves.
Expert Analysis
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How UK Supreme Court May Assess Russia Sanctions Cases
In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.
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How EU Digital Act Could Shape UK Technology Disputes
Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.
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Key Findings From EU Report On Antitrust Remedies
Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.
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How Foreign Cos. Should Prep For New UK Fraud Law
As the U.K. prepares to hold companies criminally liable for failing to prevent fraudulent acts of their associates, U.S. and global companies should review their compliance measures against the broad language of this new offense, which could permit prosecution of acts committed entirely abroad, say attorneys at Latham & Watkins.
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Opinion
EU's AI Code Of Practice Creates Risk Of Regulatory Clashes
The second draft of the European Commission's Artificial Intelligence Code of Practice significantly expands beyond the European Union's existing legal framework for AI — especially around copyright protection, public transparency and reporting obligations — and risks interfering with other EU laws by introducing requirements contrary to existing regulations, say lawyers at MoFo.
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Ruling In SFO Case Shows How Contract Rules Apply To DPAs
The Court of Appeal’s recent decision upholding the Serious Fraud Office's first-ever attempt to enforce an expired deferred prosecution agreement illustrates that the courts' approach to DPAs is governed by the rules of contract, and that the intention of the parties at the time of agreement is critical to contract interpretation, say lawyers at Simmons & Simmons.
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What To Know About Compliance As EU AI Act Takes Effect
Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.
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Banker Remuneration Proposals Could Affect More Than Pay
The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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EU Report May Influence Regulation Of Decentralized Finance
The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.
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EU Paper Urges Data Protection And Competition Law Unity
A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
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.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
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.
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Why EU Omnibus Package Is Receiving Mixed Reactions
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.
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Review Of Computer Evidence Use Raises Complex Issues
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.