Corporate Crime & Compliance UK

  • May 23, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Nestlé hit with an intellectual property claim by a pet insurance company, VTB Capital bring a breach of contract lawsuit against J.P. Morgan Securities, and Société Générale's former chief executive face litigation from an Italian entrepreneur.

  • May 23, 2025

    Belgian Tax Break Denials Don't Break EU Rules, ECJ Advised

    Belgium isn't breaking with European Union law by denying companies tax deductions under controlled foreign corporation rules, an adviser to the EU's top court said in an opinion.

  • May 23, 2025

    Accounting Firm Says Business Partner Embezzled £850K

    An accounting firm has accused a business partner of embezzling at least £850,000 ($1.1 million), telling a London court that there was a conspiracy to harm the business.

  • May 23, 2025

    FCA Bans Former Credit Suisse VP After US Conviction

    The Financial Conduct Authority said Friday that it has banned a former vice president of Credit Suisse from working in financial services in Britain after her conviction in the U.S. over links to corrupt loans to the Republic of Mozambique.

  • May 23, 2025

    Tech Firm Settles £18.4M Acquisition Claim

    A consumer technology business has settled its £18.4 million ($25 million) claim over its purchase of an online retailer, in which it alleged that the owners of the digital platform had fraudulently represented its finances as healthier than they were.

  • May 23, 2025

    BVI Firm Settles £8.5M Fraud Case Over Property Transfer

    A company registered in the British Virgin Islands has settled its £8.5 million ($11.5 million) fraud case against a debtor, ending its fight for a court declaration that the transfer of a property was done to hinder its chances of clawing back money it was owed.

  • May 22, 2025

    Tory Donor Battles BBC Over Corruption Libel Defense

    Telecoms magnate and Conservative Party donor Mohamed Amersi urged a London judge Thursday to throw out part of the BBC's defense over what he asserts are the corporation's "baseless factual assertions," in the latest stage of his high-profile libel claim.

  • May 22, 2025

    Ransomware Ban Move Could Push Hackers To Private Sector

    The government's bid to crack down on ransomware payments could heap pressure on companies in crisis without any guarantee that it will pull the plug on the billion-pound cybercrime industry, lawyers say.

  • May 22, 2025

    M&S Says Hack Attack Disruption To Last Till July, Cost £300M

    Retail giant Marks & Spencer has said it expects the cyberattack hit it took in April to cost it around £300 million ($402 million), with disruption likely to continue to online retail until July.

  • May 22, 2025

    EY Says NMC Health Obstructed Detection Of £2B Fraud

    NMC Health "frustrated and obstructed" EY's ability to detect widespread fraud at the healthcare chain, lawyers for the Big Four firm said in its defense against a £2 billion ($2.7 billion) High Court claim Thursday.

  • May 22, 2025

    Marsh Settles $143M Claim Over Losses In Greensill Collapse

    Marsh has reached settlement in a claim of almost $143 million with investment firm White Oak, which had alleged that the insurance broker misled it when selling cover for investments in Greensill Capital, a financing firm that collapsed in 2021.

  • May 21, 2025

    Finance Worker Who Stole Secret Docs Can't Claim Notice Pay

    A clearing bank was within its rights to sack a finance manager without notice pay after he breached his contract by sending confidential information to his personal email address, a tribunal has ruled.

  • May 21, 2025

    UK Lawyer Charged With Money Laundering In NCA Probe

    A solicitor and an accountant, both Midlands-based, have been charged with money laundering following a National Crime Agency investigation, the authority disclosed Wednesday.

  • May 21, 2025

    NCA Recovers £17.5M In UAE Money Laundering Investigation

    The U.K.'s National Crime Agency said Wednesday that an Emirati company had agreed to forfeit £17.5 million ($23.5 million) after a money laundering investigation.

  • May 21, 2025

    Crypto-Traders Can't Revive Bulk Of £10B Binance Claim

    An appeals court Wednesday rejected most of a £10 billion ($13.3 billion) class action against Binance for delisting a bitcoin alternative, ruling that investors were not entitled to claim damages from the cryptocurrency exchange on the basis they lost out on its future speculative value.

  • May 21, 2025

    Class Rep Can't Appeal Chucked £800M Water Pollution Claim

    The U.K. competition tribunal has said an environmental consultant cannot challenge its decision to toss her £800 million ($1.1 billion) proposed class action against several water companies over their alleged failure to report pollution, finding that there is no real prospect of a successful appeal.

  • May 21, 2025

    EY Blames 'Army Of Fraudsters' For NMC Health Collapse

    EY was "duped by an army of fraudsters" who controlled NMC Health "from top to bottom" and prevented the Big Four firm from discovering failings at the healthcare chain, lawyers argued in their defense against a £2 billion ($2.7 billion) High Court claim Wednesday.

  • May 20, 2025

    JPMorgan Fell Short In Trader Spoofing Investigation

    A former metals trader at JPMorgan Chase & Co. has won his claim that he was unfairly fired on suspicion of fraud because of shortcomings in the bank's disciplinary process — but his compensation will be slim after an employment tribunal ruled it was very likely he would have been dismissed regardless.

  • May 20, 2025

    Liquidators Of 'Ponzi-Type Scheme' Co. Sue Insurer For £3M

    The liquidators of a business behind a "Ponzi-type scheme" are suing the insurer of a now-defunct company involved in the scheme's funding for more than £3 million ($4 million), pointing to its alleged failure to ensure the investment plan was legitimate.

  • May 20, 2025

    Tenn Capital, Elite Law Settle £1.9M Loan Fraud Dispute

    Tenn Capital Ltd. has settled its claim that Elite Law Solicitors Ltd. failed to secure necessary protections over a £1.9 million ($2.54 million) property loan and failing to identify the borrower as an alleged fraudster.

  • May 20, 2025

    Wine Biz CFO Loses Bid To Block US Fraud Extradition

    A wine company's former chief financial officer lost a legal appeal Tuesday against his extradition to New York to face prosecution on charges of cheating investors out of $99 million by persuading them to make interest-bearing loans using valuable wine collections as collateral.

  • May 20, 2025

    Corker Binning Hires Veteran White Collar Pro Stephen Gentle

    White-collar boutique law firm Corker Binning has hired a top-ranked veteran solicitor with an extensive track record working on high-profile bribery, fraud and economic crime cases as a consultant.

  • May 20, 2025

    Benson Mazure Fights To Nix £4.6M Negligence Case

    Benson Mazure LLP urged a London court on Tuesday to toss a £4.6 million ($6.1 million) negligence claim form an energy business, alleging that the law firm's solicitors fraudulently signed a mortgage deed that led to its collapse.

  • May 20, 2025

    Innsworth Bags £68M As Mastercard Settlement Approved

    The Competition Appeal Tribunal gave final approval on Tuesday to a £200 million settlement between Mastercard and Walter Merricks to end litigation over credit card fees, with the funder of the claim set to receive approximately £68 million.

  • May 20, 2025

    High Street Bank CEOs Warn MPs Of Rules Restricting Growth

    The chief executives of large High Street banks warned senior MPs on Tuesday that unnecessary financial regulations are restricting customer service, money flows and U.K. growth.

Expert Analysis

  • FCA Survey Results Reveal Rise In Nonfinancial Misconduct

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    After a Financial Conduct Authority survey recently reported a significant rise in nonfinancial misconduct, there are a number of preventive steps firms should take to create a healthy workplace environment and mitigate the risk of increased regulatory scrutiny, say lawyers at WilmerHale.

  • Online Safety Act Heightens Duties Of Social Media Platforms

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    The Office of Communications’ latest update on how it is implementing the Online Safety Act is part of a wider evolving debate, but while social media platforms wait for the law to take full effect, they can focus on establishing clear online safety policies, training programs for staff and proactive engagement with regulators, says Dan Adams at Arbor Law.

  • Gov't Fraud Prevention Guide Proves To Be A Damp Squib

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    The Home Office’s recent guide to the Economic Crime Act’s failure to prevent fraud offense goes little further than offering broad suggestions, signaling the Serious Fraud Office’s encouragement of companies to self-police rather than an intention to pursue fraud allegations to trial, say lawyers at BCL Solicitors.

  • When Investigating An Adversary, Be Wary Of Forged Records

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    Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.

  • EU Enviro Directive Compliance Must Be A Priority For CEOs

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    The new European Union Environmental Crime Directive makes clear that criminal liability of a company for causing environmental damage does not preclude proceedings being brought against individuals who aid and abet, including CEOs, board members and other corporate leaders, say lawyers at Crowell & Moring.

  • New Offense Expands Liability For Corporate Enviro Fraud

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    The Economic Crime Act's new corporate fraud offense — for which the Home Office recently released guidance — underscores the U.K.'s commitment to hold companies accountable on environmental grounds, and in lowering the bar for establishing liability, offers claimants a wider set of tools to wield against multinational entities, say lawyers at Bracewell.

  • CMA Heat Maps Call Attention To Warning Letters

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    The Competition and Markets Authority's first heat maps illustrating the location of warning letters sent to businesses are intended to increase awareness of the letters, and provide new information that reflects distribution and density across the U.K., says Matthew Hall at McGuireWoods.

  • What UK Security Act Report Indicates For Future Gov't Policy

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    Following the recent publication of the National Security and Investment Act report on the scrutiny of proposed investments, it will be interesting to see how the act’s powers fit into a government policy that plans to cut regulatory obstacles, while maintaining a hard line on national security, say lawyers at Katten Muchin.

  • What UK Takeover Code's Narrowed Focus Will Mean For Cos.

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    In narrowing its scope of application, the U.K. Takeover Panel's forthcoming amended code will have practical implications for U.K.-registered companies and ultimately provide greater market clarity and certainty, say lawyers at Davis Polk.

  • Examining UK And EU Approaches To Sanctions Enforcement

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    In light of the Financial Conduct Authority’s recent £28.9 million fine of Starling Bank for its lax sanctions screening processes, businesses should understand both the U.K.’s and the European Union’s enforcement approaches, the larger sanctions landscape and the importance of cooperation, says Angelika Hellweger at Rahman Ravelli.

  • M&A Takeaways From 1st EU Foreign Subsidies Merger Ruling

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    The European Commission’s recent decision on the merger between e& and PFF Telecom is the first to approve a transaction subject to commitments under the Foreign Subsidies Regulation, serving as a helpful guide by confirming that behavioral measures ring-fencing EU activities from the potential effect of third-country subsidies are acceptable, say lawyers at Cleary.

  • 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.

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