UK Corporate Crime & Compliance provides breaking news and analysis on enforcement and white collar crime in Europe. Coverage includes internal investigations, whistleblower rights, executive responsibility, tax evasion, criminal market abuse and insider dealing actions, anti-money laundering, bribery, corruption and sanctions enforcement.
Ernst & Young won permission Friday to fight findings that the accountant owes a former partner $11 million in damages for helping cover up a client's gold smuggling, after a London judge said that his conclusions rested on a "novel" concept.
A British man jailed for 15 months for illegally selling a bogus wonder drug made from human blood as a cure for cancer, HIV and autism must pay approximately £1.4 million ($1.8 million) or face a further seven years in prison, a London judge ruled Friday.
Investors in money manager Neil Woodford's suspended equity fund are set for a payout of more than £200 million ($252 million) after administrators agreed to sell its healthcare portfolio to a U.S buyer.
The past week in London has seen a Chinese billionaire dissident launch another legal fight with UBS AG, a demolition company lodge a negligence claim against Hiscox and an asbestos solutions provider and an airport sim card seller target telecommunications giant Vodafone. Here, Law360 looks at those and other new claims in the U.K.
The European Union said Friday that Brexit trade negotiations remain stalled after four rounds of talks because the U.K. has strayed from pledges agreed to in 2019 that set out general terms for future relations.