Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
May 09, 2025
Ex-Meinl Bank CEO Extradited To US On $170M Odebrecht Rap
The former CEO of Austrian lender Meinl Bank AG was extradited from the U.K. and pled not guilty Friday to money laundering charges, stemming from allegations that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government.
-
May 09, 2025
Brokerage Risk Pro Loses Early Battle In Whistleblowing Case
An employment judge has rejected a compliance manager's bid for interim relief in a row with her former employer because he did not consider it likely that a tribunal will decide she was fired from the brokerage for making protected disclosures.
-
May 09, 2025
Businessman Says $43M Debt Claim Is Plot To Seize Shares
A businessman can intervene in a 194 million Romanian leu ($43 million) debt claim he alleges is part of a fraudulent scheme to acquire his shares in a scrap-metal trading company for free, an appeals court has ruled.
-
May 09, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a subsidiary of State Street Corp. sue British sports betting giant Entain, Manolete Partners and HSBC tackle action just weeks after signing a £17 million revolving credit facility agreement, and a commercial fraud claim launched by EFG Bank against Mirabaud & CIE.
-
May 09, 2025
Dyson Loses Bid To Take Forced Labor Claim To UK Top Court
Dyson will fight claims in England that it did nothing about allegations of forced labor at Malaysian factories making components for the appliance manufacturer after the U.K.'s highest court refused it permission to challenge jurisdiction in the case any further.
-
May 09, 2025
Nigeria Can Argue £15M Award Was Obtained By Fraud
Nigeria can attempt to set aside a $15 million award in favor of a businessman who was the target of an undercover operation by the country's state security, after a London judge dismissed his bid to strike the case out.
-
May 09, 2025
Brothers Plead Guilty To FCA Insider Dealing Charges
Two brothers admitted on Friday to using inside information to profit from dealing in shares over four years, following a prosecution brought at a criminal court in London by the Financial Conduct Authority, the watchdog said.
-
May 09, 2025
EU Fund Managers Call To Simplify EU Sustainability Package
Europe's fund managers on Friday backed the European Union's bid to streamline the bloc's sustainability regulations, but warned "excessive" reductions in reporting requirements could limit investors' access to crucial environmental, social, and governance data.
-
May 09, 2025
'Bargain Hunt' Art Expert Pleads Guilty To Terrorist Financing
An art gallery founder and reality TV art expert pleaded guilty to terrorist financing offenses at a London criminal court Friday.
-
May 08, 2025
Court Upholds CMA's £99M Thyroid Drug Price Fines
A U.K. appellate court has not only upheld a finding that drug company Advanz excessively inflated the price of its thyroid tablets for the National Health Service but also reimposed fines against the company's former owner that a lower tribunal had cut by almost a third.
-
May 08, 2025
'Bargain Hunt' Art Dealer Charged Under Terror Financing Law
Police charged an art dealer who featured in a hit BBC show under laws against financing terrorism on Thursday, making him the first person ever to face charges in the U.K. for allegedly failing to make obligatory regulatory disclosures.
-
May 08, 2025
UK Watchdog Fines Fuel Trader For Ignoring Info Request
The U.K. government body responsible for implementing and enforcing financial sanctions said Thursday that it has fined a British shipping company for ignoring a request to provide information relating to a "large and complex investigation" involving Russia's largest shipping company.
-
May 08, 2025
Crypto Traders Seek To Revive Part Of £10B Binance Claim
A group of investors asked the Court of Appeal on Thursday to revive their claims against Binance on the basis that its delisting of a cryptocurrency caused them damage, saying a lower tribunal was wrong to toss out its "loss of chance" argument.
-
May 08, 2025
Bulgarian Who Spied For Russia Was Not 'Anti-West'
The ringleader of a group of people who spied on behalf of Russia is not an "anti-Western ideologue" but merely somebody who is willing to work for whoever hires him, his barrister told a sentencing hearing on Thursday.
-
May 08, 2025
Tribunal Clears CPS In Legal Adviser's Discrimination Case
The Crown Prosecution Service did not discriminate against a former legal adviser by giving him formal warnings about his attendance after multiple spells of sickness absence, a tribunal has ruled.
-
May 08, 2025
FRC Bans Former Finance Head Of Bankrupt Local Council
The audit watchdog said Thursday it has banned the former chief financial officer of a bankrupt English local authority from the accounting profession for five years for overseeing a risky investment strategy worth £1 billion ($1.3 billion).
-
May 07, 2025
Sentencing Begins For Bulgarians Who Spied For Russia
The leader of a group of Bulgarians who spied for Russia would always try to "service" the needs and requests of his "paymasters" at the Kremlin, a prosecutor said on the first day of the spies' sentencing Wednesday.
-
May 07, 2025
Finance Trade Body Warns AI Can Amplify Misconduct Risk
A U.K. trade body for financial firms warned a group of members of Parliament at a hearing Wednesday that artificial intelligence amplifies the risk that banks could screen out unwanted customers without anyone knowing, in defiance of the Consumer Duty.
-
May 07, 2025
UK Supreme Court Boosts Creditor Protection In Fraud Cases
Britain's highest court has handed administrators more power to pursue businesses that turn a blind eye to fraud, with a ruling on Wednesday that will bolster protection for creditors and could raise the stakes for companies flying too close to the wind, lawyers say.
-
May 07, 2025
Consultant Disputes Golf Retailer's VAT Invoice Claim
A former consultant to a U.K. golf retailer on Wednesday disputed the company's allegations in London court that he overcharged it nearly $1 million and failed to pay value-added tax to HM Revenue & Customs.
-
May 07, 2025
UK To Make It Easier To Fire Police In Misconduct Cases
Police officers found guilty of gross misconduct are likely to be sacked under regulations presented to Parliament on Wednesday.
-
May 07, 2025
Lloyd's Broker Appears In Court On Ecuador Bribery Charges
A Lloyd's of London broker appeared in court Wednesday accused by the Serious Fraud Office of failing to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.
-
May 07, 2025
EU Watchdog To Advise Tightening Insider Dealing Rules
The EU markets watchdog specified on Wednesday in advice to the European Commission on insider dealing rules for companies listing shares that profit warnings must be disclosed immediately rather than delay until accounts are produced.
-
May 07, 2025
Top UK Court Expands Fraud Liability In Carbon Credits Case
Britain's highest court ruled Wednesday that a major brokerage firm can be held liable for millions of pounds owed to Britain's tax collector from a carbon credits tax fraud, a decision that could expand the reach of insolvency proceedings.
-
May 06, 2025
Cyber Agency Urges Retailers To Review Systems After Hacks
Britain's agency for online security matters is urging retailers to tighten their digital defenses amid speculation over cyberattacks against major local stores and discussions about hackers targeting IT help desks to reset passwords.
Expert Analysis
-
How EU Digital Act Could Shape UK Technology Disputes
Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.
-
Key Findings From EU Report On Antitrust Remedies
Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.
-
How Foreign Cos. Should Prep For New UK Fraud Law
As the U.K. prepares to hold companies criminally liable for failing to prevent fraudulent acts of their associates, U.S. and global companies should review their compliance measures against the broad language of this new offense, which could permit prosecution of acts committed entirely abroad, say attorneys at Latham & Watkins.
-
Opinion
EU's AI Code Of Practice Creates Risk Of Regulatory Clashes
The second draft of the European Commission's Artificial Intelligence Code of Practice significantly expands beyond the European Union's existing legal framework for AI — especially around copyright protection, public transparency and reporting obligations — and risks interfering with other EU laws by introducing requirements contrary to existing regulations, say lawyers at MoFo.
-
Ruling In SFO Case Shows How Contract Rules Apply To DPAs
The Court of Appeal’s recent decision upholding the Serious Fraud Office's first-ever attempt to enforce an expired deferred prosecution agreement illustrates that the courts' approach to DPAs is governed by the rules of contract, and that the intention of the parties at the time of agreement is critical to contract interpretation, say lawyers at Simmons & Simmons.
-
What To Know About Compliance As EU AI Act Takes Effect
Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.
-
Banker Remuneration Proposals Could Affect More Than Pay
The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.
-
Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
-
EU Report May Influence Regulation Of Decentralized Finance
The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.
-
EU Paper Urges Data Protection And Competition Law Unity
A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.
-
Market Infrastructure Regs Aim To Reinvigorate EU Trading
The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.
-
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.
-
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.
-
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.
-
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.