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Corporate Crime & Compliance UK
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April 02, 2025
Funeral Director Charged With Fraud Over Care For The Dead
Prosecutors have charged a funeral director in northern England with fraud and false representation as part of a major investigation into the way the remains of dozens of the recently deceased were cared for and managed.
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April 02, 2025
'Snow White' Email Shows Staley's Ties To Epstein, FCA Says
The inability of former Barclays boss Jes Staley to remember "now infamous" emails with Jeffrey Epstein undermines his credibility and his attempts to overturn his ban for lying about his ties to the sex offender, the Financial Conduct Authority said Wednesday.
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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.
Expert Analysis
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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.
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How Proposed Private Share Trading System May Benefit Cos.
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.
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New Bill Introduces Important Whistleblower Protections
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.
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Important Changes To Note In Accountant Ethics Code Update
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.
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What EU Sustainable Category Proposals Will Mean For Funds
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.
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What To Expect As CAT Considers Mastercard Settlement
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.
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Managing Transatlantic Antitrust Investigations And Litigation
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.
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What 2025 Holds For UK, EU Restructuring And Insolvency
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.
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What To Know As EU Urges Outbound Investment Reviews
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.
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Competition Act Brings Important UK Merger Control Changes
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.
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How GCs Can Protect Cos. From Geopolitical Headwinds
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.
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What BT Ruling Will Mean For UK Class Actions
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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Navigating PRA's Data Request For Crypto-Asset Exposure
The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.