Corporate Crime & Compliance UK

  • February 21, 2025

    Ex-Dechert GC Subpoenaed Over Gerrard Abuse Claims

    An imprisoned Jordanian lawyer can subpoena the former general counsel of Dechert LLP over what the leadership of the law firm knew of alleged human rights abuses committed by a former partner in the United Arab Emirates, a U.S. federal judge has ruled.

  • February 21, 2025

    4 Banks To Pay £100M To Settle UK Bond Trading Probe

    Four banks including HSBC and Morgan Stanley will pay more than £100 million ($126 million) in fines for their involvement in a cartel that shared sensitive information on trading in government bonds, the U.K. antitrust authority said on Friday.

  • February 20, 2025

    Another Ex-Allianz Exec Gets No Time For $7B Investor Fraud

    A former managing director for Allianz SE's U.S. unit on Thursday avoided a term of imprisonment for his role in a ploy to con investors about the riskiness of a group of private funds that lost over $7 billion when the COVID-19 pandemic hit.

  • February 20, 2025

    Actor Fights To Add Conspiracy Claim To Guardian Libel Case

    Actor Noel Clarke on Thursday fought to add six people to his libel battle against The Guardian newspaper over articles about allegations he was a sexual predator, arguing he should be allowed to try to claim they conspired to destroy his reputation.

  • February 20, 2025

    Analyst Used COVID To Cloak Insider Dealing, FCA Tells Court

    A former analyst at global asset management firm Janus Henderson used the "cloak" of COVID-19 restrictions to run an insider dealing syndicate while working from home, the Financial Conduct Authority said at the beginning of a criminal trial in London on Thursday.

  • February 20, 2025

    Ex-Spanish Soccer Chief Guilty, Fined For Sexual Assault

    A Spanish judge on Thursday found former Spanish football president Luis Rubiales guilty of sexually assaulting national team midfielder Jenni Hermoso, coloring the forcible kiss he gave to Hermoso after the team's 2023 World Cup victory a "reprehensible act."

  • February 20, 2025

    Gambling Watchdog Denies Publication Hurt Ex-Entain Execs

    The Gambling Commission has denied that it caused two former top executives at the predecessor of betting giant Entain "unquantifiable" harm by publishing information relating to potential bribery.

  • February 20, 2025

    Conflicts Should Block Mastercard Settlement, Innsworth Says

    Litigation-funder Innsworth told the Competition Appeal Tribunal on Thursday that the negotiating process behind a £200 million ($250 million) settlement to end a mass claim against Mastercard has created conflicts of interest which mean the deal should be refused. 

  • February 20, 2025

    FCA Explains Deleted Emails Plan As Modernization Move

    The Financial Conduct Authority has said its plan to delete staff emails after a year is designed to modernize how it manages its records, amid criticism that the proposals undermined transparency at the regulator.

  • February 20, 2025

    Justices Hand Creditors Boost In Hunt For Fraudulent Assets

    Britain's top court has broadened the ability of judges to claw back assets on behalf of defrauded creditors in a decision that lawyers say may also catch benign commercial arrangements.

  • February 20, 2025

    Job Applicants Don't Need Whistleblowing Rights, UK Argues

    The government argued on Thursday that it is "perfectly justified" that job applicants do not benefit from the same whistleblowing rights as workers as it responded to a woman's attempt to convince the Court of Appeal to extend legal protection to her.

  • February 20, 2025

    Lloyds Sets Aside £700M For Motor Finance Probe Costs

    Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.

  • February 19, 2025

    Gov't Unfairly Fired Whistleblower On Afghanistan Exit

    A civil servant has won a landmark unfair dismissal case after losing her job following a BBC Newsnight interview about the "chaotic" evacuation of Afghan citizens during NATO's withdrawal. 

  • February 19, 2025

    Law Prof Can't Revive £500M Apple, Amazon Class Action

    A law professor lost a bid to revive her nearly £500 million ($628 million) price-fixing class action against Apple and Amazon on Wednesday, with a U.K. competition tribunal reiterating that she was not independent enough to bring the case.

  • February 19, 2025

    Gov't Can Shield Material In Case Over Leaked Trump Cables 

    A London judge on Wednesday agreed to let the government withhold sensitive evidence in its fight with a civil servant who claims he was falsely accused of leaking an ambassador's criticisms of Donald Trump.

  • February 19, 2025

    Former Latham Secretary Accused Of Defrauding Partner

    A former secretary for a Latham & Watkins LLP partner appeared at a London criminal court on Wednesday on charges of defrauding £39,800 ($50,000) from him.

  • February 19, 2025

    CMS Cashier Barred From Law Firms For Stealing Funds

    A cashier at CMS Cameron McKenna Nabarro Olswang LLP has been barred from working for a law firm after she abused her position on more than 100 occasions to steal a "considerable" amount of money from the firm, the Solicitors Regulation Authority has said.

  • February 19, 2025

    Job Applicant Fights For Whistleblowing Rights In Appeal

    An external job applicant to an English council fought Wednesday for status to sue as a whistleblower, arguing at the Court of Appeal that her case falls "squarely within the employment field."

  • February 19, 2025

    Mastercard Deal Does Not Need To Be Perfect, Tribunal Told

    Mastercard's £200 million ($250 million) agreement with Walter Merricks "does not have to be perfect" to get approval from the Competition Appeal Tribunal, lawyers for both sides argued on Wednesday in the court's first hearing in a contested class action settlement.

  • February 19, 2025

    FCA Calls For Probe Into Digital Wallet Competition Issues

    The Financial Conduct Authority and the Payment Systems Regulator on Wednesday urged the U.K. competition watchdog to investigate competition concerns for digital wallets because of market dominance by big tech groups like Apple and Google.

  • February 19, 2025

    Barrister Denies Owing Duty To Flag Law Firm's Negligence

    A barrister has denied breaching his duties to a technology company by failing to highlight a potential negligence claim against a law firm, as he told a London court that no such obligation existed.

  • February 19, 2025

    Ex-Stella McCartney Employee Admits Fraud On Design Brand

    A former employee of the Stella McCartney fashion brand pleaded guilty at a London criminal court on Wednesday to defrauding the company out of more than £275,000 ($346,300).

  • February 19, 2025

    Supreme Court Says Businessman Can't Dodge £19M Debt

    The U.K. Supreme Court ruled Wednesday that a businessman's family cannot avoid a £19 million ($24 million) debt to a UAE bank, finding that insolvency law can prevent a transaction by a company owned by the family because it was intended to put assets beyond the reach of creditors.

  • February 18, 2025

    Tycoon Fights Bankruptcy Order Over £1B Debt To Banks

    An Indian tycoon asked a London court Tuesday to overturn a bankruptcy order against him that he argued was wrongly issued over a £1 billion ($1.26 billion) debt because several banks had already recovered the money in parallel criminal proceedings.

  • February 18, 2025

    Pensions Pro Loses Whistleblowing Claim Amid Merger Spat

    An employment tribunal has ruled that the head of a financial planning firm did not fire her business partner for blowing the whistle on legal breaches but rather because she stopped doing her job.

Expert Analysis

  • What New Int'l Treaty Means For Global AI Regulation

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    Lawyers at Bird & Bird consider how global artificial intelligence regulation will be affected by the first international AI treaty recently signed by the U.S., EU and U.K., as well as its implications for business and several issues that stakeholders should be aware of.

  • Factors Driving EU Competition Policy For The Next 5 Years

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    Teresa Ribera Rodríguez’s recent nomination as the new European Union commissioner for competition prompts questions about policy and enforcement, with goals to enhance competition in business, implement stronger and faster enforcement, and promote and fund decarbonization likely in her sights during a five-year term, say lawyers at Linklaters.

  • 2 Highlights From Labour's Notable Employment Rights Bill

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    The Labour government’s recently unveiled Employment Rights Bill marks the start of a generational shift in U.K. employment law, and its updates to unfair dismissal rights and restrictions on fire-and-rehire tactics are of particular note, say lawyers at Covington.

  • How Energy Scheme Is Affecting Large Co. Fund Investment

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    The latest phase of the Department of Energy and Climate Change's Energy Savings Opportunity Scheme implicates funds with investments in large companies by establishing significant and complex changes to the reporting cycle for mandatory assessments, say lawyers at Macfarlanes.

  • How Companies House Enforcement Powers Are Growing

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    Companies House's recently increased ability to assess what material is submitted to the U.K. register of companies, and to proportionately enforce where violations have occurred, may require some degree of cultural shift within many companies, say lawyers at Greenberg Traurig.

  • How New Sanctions Office Will Affect UK Trade Landscape

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    The recent launch of the Office of Trade Sanctions Implementation will help to create a more comprehensive civil enforcement terrain, but the potential for multiple investigations means businesses should reassess their systems to ensure they do not inadvertently incur civil liability, says Julia Pearce at Robertson Pugh.

  • FCA Savings Update Focuses On Good Customer Outcomes

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    The Financial Conduct Authority’s recent cash savings update emphasizes its expectations of firms to deliver fair value to consumers by documenting the rationale for actions at each stage, considering customer communications and demonstrating that potential harms are acted upon, say Matt Handfield, Charlotte Rendle and Caroline Hunter-Yeats at Simmons & Simmons.

  • Opinion

    Why The UK Gov't Should Commit To An Anti-SLAPP Law

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    Recent libel cases against journalists demonstrate how the English court system can be potentially misused through strategic lawsuits against public participation, underscoring the need for a robust statutory mechanism for early dismissal of unmeritorious claims, says Nadia Tymkiw at RPC.

  • 5 Takeaways From UK Justices' Arbitration Jurisdiction Ruling

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    The U.K. Supreme Court's recent judgment in UniCredit Bank v. RusChemAlliance, upholding an injunction against a lawsuit that attempted to shift arbitration away from a contractually designated venue, provides helpful guidance on when such injunctions may be available, say attorneys at Fladgate.

  • FCA's Broad Proposals Aim To Protect Customer Funds

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    The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig.

  • Complying With Growing EU Supply Chain Mandates

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    A significant volume of recent European Union legislative developments demonstrate a focus on supply chain transparency, so organizations must remain vigilant about potential human rights and environmental abuses in their supply chain and make a plan to mitigate compliance risks, say lawyers at Weil.

  • Takeaways From Upcoming Payment Fraud Delay Legislation

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    Lawyers at Hogan Lovells discuss what to know about new legislation that will allow payment service providers to delay payments when third-party fraud is suspected, and share pointers for providers to consider ahead of the Oct. 30 effective date.

  • What New EU Packaging Regulation Will Mean For Companies

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    The forthcoming Packaging and Packaging Waste Regulation aims to regulate the entire life cycle of products from design to end-of-life waste, and will present particularly challenging deadlines for organizations, especially regarding recyclability and substances of concern, say Marcus Navin-Jones and Ward Overlaet at Crowell & Moring.

  • Modernizing UK Trade Settlement Standard: The Road Ahead

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    Andrew Tsang and Tom Bacon at BCLP consider the rationale and challenges of a potential U.K. trade settlement acceleration, part of an initiative to modernize the financial market infrastructure, and suggest that incorporating distributed ledger technology as a synchronized recording system would facilitate the move.

  • ICO Reprimand Highlights Importance Of Cookie Use Consent

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    The Information Commissioner's Office's recent reprimand of Bonne Terre's unlawful use of online advertising cookies confirms that companies using third-party tracking technologies are considered data controllers responsible for ensuring compliance, say Nessa Khandaker and Lynn Parker Dupree at Finnegan.

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