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Corporate Crime & Compliance UK
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March 06, 2025
Google To Face £1B Class Action Over App Store Practices
The U.K. antitrust court gave an academic the go-ahead Thursday to bring a £1 billion ($1.3 billion) class action against Google on behalf of software developers over allegedly anticompetitive app store practices, clearing his litigation funding arrangement with amendments.
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March 06, 2025
Visa, Mastercard Face UK Regulatory Action Over Fees
The U.K.'s Payment Systems Regulator said Thursday it will act against Mastercard and Visa over concerns about the duopoly's sharp price hikes on bank card fees.
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March 06, 2025
Private Prosecutions Face Reform After 'Catastrophic' Failures
Private prosecutions will face heightened scrutiny and reform after a series of "catastrophic" failures such as the Post Office Horizon scandal, the government announced Thursday.
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March 05, 2025
Russian Billionaire Loses Fight To Lift EU Sanctions
Russian billionaire Alexander Ponomarenko on Wednesday lost his fight to lift European Union sanctions imposed after Vladimir Putin's invasion of Ukraine, with an EU court ruling that the restrictions should remain in place.
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March 05, 2025
Major Supermarkets Keep £675M Salmon Cartel Claim In UK
A London antitrust tribunal declined Wednesday to send a £675 million ($868 million) cartel claim brought by several of the U.K.'s largest supermarkets to Norway, ruling that the claim should be heard in the U.K. because it concerned the price of salmon in the U.K.
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March 05, 2025
Former Crypto Exec Can't Sue Bulgarian Biz In England
The former director of a Bulgarian cryptocurrency company cannot sue the current owner over an alleged failure to transfer him his stake in the business, after a judge ruled Wednesday that the English courts do not have jurisdiction over the claim.
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March 05, 2025
Quilter PLC Sets Aside £76M For Redress Amid FCA Review
Wealth manager Quilter PLC said Wednesday that it has set aside £76 million ($98 million) to compensate clients who did not get appropriate financial advice as it finalizes an independent review for the Financial Conduct Authority.
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March 12, 2025
PCB Byrne Adds Civil Litigation Pro In London
PCB Byrne LLP has hired Simon Colledge as a new civil litigation partner from Gunnercooke LLP to work in its dispute resolution team in London, as the firm ramps up its offering in its insolvency practice.
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March 05, 2025
Israeli's Extradition Case Stalled By UK Supreme Court Ruling
A decision on whether to order the extradition of an Israeli private investigator to face hacking charges in the U.S. was delayed on Wednesday after defense lawyers asked a judge for time to consider how a recent landmark ruling might affect the case.
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March 05, 2025
Royal Mail To Face Trial In £878M Bulk Mail Class Action
The owner of Royal Mail must face an £878.5 million ($1.1 billion) class action brought on behalf of 290,000 retail businesses that accuse the postal service of abusing its dominant position in the bulk mail market, the antitrust tribunal has ruled.
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March 04, 2025
Crown Courts Set To Oversee Record Number Of Cases
The Ministry of Justice announced Wednesday that Crown Court judges will sit at a record high level across the next financial year, as a spending watchdog warned that the government is failing to boost confidence in a system plagued by delay.
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March 04, 2025
Barclays Official Kept In Dark About Staley's Email To Epstein
Former Barclays boss Jes Staley told Jeffrey Epstein about forthcoming press coverage detailing their relationship without the bank's knowledge, its former head of communications testified at a trial on Tuesday.
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March 04, 2025
BNY Tries To Escape £93M Nationwide, A&O Negligence Case
Bank of New York Mellon on Tuesday asked a London court to dismiss Allen Overy Shearman Sterling's claims that the bank negligently caused Nationwide Building Society to face a £93 million ($118 million) tax bill by mishandling the issuance of notes.
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March 04, 2025
Shell's 'Biased' Expert Should Be Disregarded, Nigerians Say
Nigerian communities urged the High Court on Tuesday to disregard evidence given by an expert witness for Shell in its defense against claims it committed major environmental damage as his concurrent work with major oil companies is a conflict of interest.
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March 04, 2025
FCA Bans Ex-Credit Suisse Execs Linked To 'Tuna Bond' Case
The City watchdog said Tuesday that it has banned two former Credit Suisse executives from U.K. financial services for lack of integrity after they were convicted in the U.S. for arranging corrupt loans to Mozambique.
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March 04, 2025
Socialite Acquitted Over £200M Money Laundering Plot
Socialite James Stunt was acquitted on Tuesday over his alleged involvement in an operation to launder £200 million ($254 million) of criminal money into gold. Four other men were convicted.
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March 03, 2025
TikTok And Reddit Face UK Probes Over Kids' Data Handling
Britain's data protection watchdog on Monday stepped up its efforts to ensure that children are being protected online, launching investigations into how popular digital platforms TikTok, Reddit and Imgur gather and use minors' personal information.
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March 03, 2025
EU Investigating Over $13B In VAT Fraud
While just 18% of all the European Public Prosecutor's Office fraud investigations that were open at the end of 2024 concerned value-added tax fraud, they accounted for over 50% of estimated damages to the EU budget — €13.15 billion ($16.7 billion) — it said Monday.
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March 03, 2025
Investor To Pay £2M For 'Unashamed' Software Copying
An investment firm must pay over £2.1 million ($2.7 million) in damages for "unashamedly misappropriating" a software developer's application designed to help the elderly care industry, a London court ruled Monday.
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March 03, 2025
Bulk Mail Buyers Seek Go Ahead For £878M Royal Mail Claim
A representative for potentially 290,000 retail businesses asked Britain's competition tribunal on Monday to certify a £878.5 million ($1.1 billion) class action against the owner of Royal Mail for abusing its dominant position in the bulk mail market.
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March 03, 2025
Moving Shares Amid Fraud Claim Was Valid, Ex-Director Says
A former director of a food products supplier has denied giving shares in a construction company to his wife and associates in the face of allegations of fraud and misrepresentation, saying that it was a "reasonable and commercial" reallocation of assets.
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March 03, 2025
Ex-Barclays CEO Banned For Lies, Not Epstein Ties, FCA Says
The finance watchdog said at the start of a trial in London on Monday that it was concerned about James "Jes" Staley's personal relationship with Jeffrey Epstein but that it banned the former Barclays boss for lying — not for his choice of friends.
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February 28, 2025
Illegal Crypto ATM Operator Sentenced To 4 Years In Prison
A London judge sentenced a businessman to four years' imprisonment on Friday for illegally operating a network of crypto ATMs and producing fake documents to hide his involvement, saying his actions were "deliberate, carefully planned and thoroughly dishonest."
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February 28, 2025
Ex-Barclays Boss Staley Fights FCA Ban Over Epstein Ties
Former Barclays boss Jes Staley will challenge on Monday the Financial Conduct Authority's ban for his lies about his relationship with sex offender Jeffrey Epstein in a high-stakes legal battle that will test the regulator's appetite for taking on the biggest cases.
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February 28, 2025
FCA Charges Pair With Financial Fraud, Money Laundering
The City watchdog said Friday that it has filed criminal charges against financial advisers Kerry Nelson and Jacqueline Stephens for alleged fraud, forgery and money laundering that lost clients £2 million ($2.5 million).
Expert Analysis
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How Sustainability Directive Will Contribute to EU Regulation
The EU Sustainability Directive, in potentially enhancing certain obligations and setting a new benchmark for environmental and human rights due diligence practices, is a significant piece of legislation that will likely support the broader legal framework of other laws in a developing legal puzzle, say Rebecca Chin and Silke Goldberg at HSF.
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Experian Ruling Helps Cos. Navigate GDPR Transparency
In Information Commissioner v. Experian, the Upper Tribunal recently reaffirmed the lawfulness of the company's marketing practices, providing guidance that will assist organizations in complying with the GDPR’s transparency obligations, say lawyers at Jenner & Block.
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Clarity Is Central Theme In FCA's Greenwashing Guidance
Recent Financial Conduct Authority guidance for complying with the U.K. regulator's anti-greenwashing rule sends an overarching message that sustainability claims must be clear, accurate and capable of being substantiated, say lawyers at Cadwalader.
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What The EU Sustainability Directive Will Mean For Companies
The European Parliament’s recent approval of the landmark Corporate Sustainability Due Diligence Directive provides welcome clarity for small and midsize enterprises regarding human rights and environmental due diligence expectations, forming part of a growing pressure on companies around the world to operate ethically and sustainably, say lawyers at Jenner & Block.
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What Can Be Learned From CMA's Green Claims Investigation
The Competition and Markets Authority's recent investigation into retailers' allegedly misleading environmental claims demonstrates that all consumer-facing businesses must exercise caution and ensure their green credentials are genuine, say Charlotte Kong and Stephen Sidkin at Fox Williams.
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The Art Of Corporate Apologies: Crafting An Effective Strategy
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.
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AI Tools Could Enhance UK Gov't Public Services Strategy
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.
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Taking Stock Of The Latest Criminal Court Case Statistics
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.
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ICO Data Protection Guidance Offers Clarity On Fining Powers
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.
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Hugh Grant Case Raises Questions About Part 36 Offers
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.
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Investment Security Act Fine-Tune May Help Businesses
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.
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How New FCA Rules Strengthen Borrower Protections
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.
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How Cos. Can Prepare For EU's Forced Labor Regulation
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.
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Opinion
New Property Category Not Needed To Regulate Digital Assets
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.
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FTSE Draft Rules Show Impact Of FCA Listing Reforms
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.