Corporate Crime & Compliance UK

  • 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.

  • May 20, 2025

    South Africa Tries Again To Extradite Briton In Bribery Case

    A British man wanted in South Africa on charges linked to a £36 million ($48 million) government bribery scandal will face extradition proceedings for a second time after he was rearrested following his successful legal challenge in April.

  • May 19, 2025

    Takeout Owner Gets Suspended Sentence For VAT Tax Dodge

    The former owner of a Chinese takeout restaurant in the U.K. received a one-year prison sentence, which was suspended, for fraudulently disposing property after filing for bankruptcy instead of paying his bill of over £43,000 ($57,000) in value-added tax, the U.K.'s Insolvency Service announced Monday.

  • May 19, 2025

    Osborne Clarke Pro's Conduct Risked Public Trust, SDT Says

    A disciplinary tribunal has ruled that an Osborne Clarke LLP partner committed the kind of misconduct that "would clearly undermine public trust" in lawyers by misusing legal language to try to shield an email sent on behalf of former Chancellor of the Exchequer Nadhim Zahawi from being published, explaining its decision to fine the solicitor over the incident.

  • May 19, 2025

    The Times Sued For Naming Phone Co. Owner In Fraud Probe

    The founder of an exclusive mobile phone provider has sued Times Media Ltd. for allegedly violating his privacy by publishing articles — sourced from covert recordings — identifying him as the subject of a now-closed criminal investigation into corruption in sport.

  • May 19, 2025

    Aviva To Use AI Tool To Map Cyberthreat Behavior

    Insurance giant Aviva PLC on Monday said it has begun using artificial intelligence tools to map the cyberthreats the companies in its portfolio are most exposed to.

  • May 19, 2025

    Big Tech Is Major Obstacle To Stopping UK Financial Fraud

    Anti-fraud campaigners are calling on the government to fine Big Tech companies such as Meta on repeated failures to prevent fraudulent financial advertising on their platforms with a tougher and wider regime than envisaged, with the consensus that social media is the biggest obstacle to combating investment scams.

  • May 19, 2025

    EY Accused Of Flawed Audits At NMC Health's £2B Fraud Trial

    The administrator of NMC Health accused EY on Monday of "fundamentally flawed" auditing that allowed a major fraud against its business by principal shareholders to go undetected for more than seven years, as a multibillion-pound trial kicked off.

  • May 19, 2025

    Legal Aid Agency Cyberattack Shutters Online Portal

    A cyberattack on the Legal Aid Agency has compromised such a large volume of the sensitive personal data of applicants that the government has pulled down the online portal used to pay service providers, the Ministry of Justice confirmed on Monday.

  • May 16, 2025

    'Tuna Bond' Defendants Ordered To Pay $352M In Restitution

    A Brooklyn federal judge ordered three former Credit Suisse bankers and the former finance minister of Mozambique to pay a combined $352 million in restitution Friday after they pled guilty or were convicted of scheming to defraud investors in a $2 billion state-backed development initiative involving tuna fishing.

  • May 16, 2025

    Solicitor Struck Off For £1M Fraudulent Transfers

    A former owner of a now-defunct law firm has been banned from working as a solicitor after he allowed the firm's client account to receive and transfer more than £1 million ($1.3 million) for illegal purposes long after the business had stopped trading.

  • May 16, 2025

    Work Agency Loses VAT Deregistration Appeal Over Tax Fraud

    An agency worker supply company has lost its latest bid to challenge a decision by the U.K. tax authority to cancel its VAT registration over its alleged links to a tax fraud scheme, as a London appeals court refused its bid on Friday.

  • May 16, 2025

    Microsoft Offers To Sell Office Without Teams After EU Probe

    The European Commission called for comments Friday on commitments given by Microsoft to address potential anticompetitive bundling of its Teams video call program and the Office365 and Microsoft 365 groups of products.

  • May 16, 2025

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

    This past week in London has seen Linklaters and EY face negligence claims from a fintech investment firm, property developer Sir John Ritblat bring legal action against a Guernsey-registered company, and fresh equal pay litigation filed against Morrisons and Safeways. Here, Law360 looks at these and other new claims in the U.K.

  • May 16, 2025

    Ex-BGC Tax Adviser Jailed For Breaching Asset Freeze Order

    A former BGC Partners employee was sentenced to 16 months committal in prison Friday for contempt by a London judge Monday after admitting he breached restrictions the court imposed after he committed a £23.5 million ($31.1 million) fraud against a subsidiary.

  • May 16, 2025

    Premier League Betting Sponsors Blocked After AML Failings

    Betting websites that sponsor several top-flight English football clubs have been blocked in Britain after their license-holder surrendered its license to a gambling regulator over anti-money laundering failings, the watchdog said Friday.

Expert Analysis

  • What Steps Businesses Can Take After CrowdStrike Failure

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    Following last month’s global Microsoft platform outage caused by CrowdStrike’s failed security software update, businesses can expect complex disputes over liability resulting from multilayered agreements and should look to their various insurance policies for cover despite losses not stemming from a cyberattack, says Daniel Healy at Brown Rudnick.

  • Drafting Settlement Agreements That Avoid Future Disputes

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    Several recent U.K. rulings highlight the importance of drafting precise settlement agreements to prevent time-consuming and costly disputes over what claims the agreements were meant to cover, says Michelle Radom at Osborne Clarke.

  • Int'l Treaties May Aid Investors Amid UK Rail Renationalization

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    The recently introduced Passenger Railway Services Bill seeks to return British railways to public ownership without compensating affected investors, a move that could trigger international investment treaty protections for obligation breaches, says Philipp Kurek at Signature Litigation.

  • What EU Opinion May Mean For ESG Product Classification

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    The recently issued European Supervisory Authority opinion on the Sustainable Finance Disclosures Regulation offers key recommendations, including revising the definition of sustainable investments and making principal adverse impacts consideration mandatory, that could sway the European Commission’s final approach to product classification, say lawyers at Debevoise.

  • EU Competition Report Spotlights Areas For Future Focus

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    The European Commission’s recent report on protecting competition highlights the importance of safeguarding innovation and preventing exploitative conduct by dominant firms, signaling that strong and focused law enforcement is to remain a priority with an even greater application of abuse-of-dominance rules, say Nicole Kar and Charlotte Mann at Paul Weiss.

  • A Primer On EU's Updated Human Substance Regulations

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    The European Union's updated standards regarding quality and safety of substances of human origin meant for human application carry significant implications for companies that work with cells and tissues, and U.S. companies active in the EU market should pay particular attention to the import and export rules, say Geneviève Michaux and Georgios Symeonidis at King & Spalding.

  • Autonomy Execs' Acquittal Highlights Good Faith Instruction

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    The recent acquittal of two former Autonomy executives demonstrates that a good faith jury instruction can be the cornerstone of an effective defense strategy in white collar criminal cases, in part because the concept of good faith is a human experience every juror can relate to, says Sara Kropf at Kropf Moseley.

  • Implications Of The EU AI Act For Medtech Companies

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    Lawyers at Hogan Lovells discuss challenges the medtech sector faces in conforming with the requirements of the recently enacted European Union Artificial Intelligence Act, and the necessity for a detailed comparison with existing legislation to identify and address potential gaps.

  • Insurance Rulings Show Court Hesitancy To Fix Policy Errors

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    Two recent Court of Appeal insurance decisions highlight that policyholders can only overcome policy drafting errors and claim coverage if there is a very obvious mistake, emphasizing courts' reluctance to rewrite contract terms that are capable of enforcement, says Aaron Le Marquer at Stewarts.

  • What New UK Listing Rules Mean For Distressed Companies

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    The Financial Conduct Authority’s recently published overhaul of U.K. listing rules makes it easier for advisers to restructure distressed listed companies, and in moving to a more disclosure-based approach, simplifies timelines and increases opportunities for investors, say Kate Stephenson and Sarah Ullathorne at Kirkland & Ellis.

  • AI Reforms Prompt Fintech Compliance Considerations

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    With the EU Artificial Intelligence Act's Aug. 1 enforcement, and the U.K.'s new plans to introduce AI reforms, fintech companies should consider how to best focus limited resources as they balance innovation and compliance, says Nicola Kerr-Shaw at Skadden.

  • Irish Businesses Should Act Now To Prepare For EU AI Act

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    Artificial intelligence is increasingly transforming the Irish job market, and proactive engagement with the forthcoming European Union AI Act, a significant shift in the regulatory landscape for Irish businesses, will be essential for Irish businesses to responsibly harness AI’s advantages and to maintain legal compliance, say lawyers at Pinsent Masons.

  • Takeaways From World Uyghur Congress Forced Labor Ruling

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    The Court of Appeal’s recent judgment in the World Uyghur Congress' case against the National Crime Agency confirms that companies dealing in goods that they suspect to be products of forced labor are potentially liable to criminal prosecution, presenting significant legal risks that cannot always be mitigated through conducting supply chain due diligence, say lawyers at King & Spalding.

  • 10 Ways To Manage AI Risks In Service Contracts

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    With the European Union Artificial Intelligence Act coming into force on Aug. 1 and introducing a new regulatory risk, and with AI technology continuing to develop at pace, parties to services arrangements should employ mechanisms now to build in flexibility and get on the front foot, says James Longster at Travers Smith.

  • What Future May Hold For AI Innovation In UK Under Labour

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    Labour’s recent King's Speech was notable in its absence of discussion of a comprehensive artificial intelligence bill, and while this may indicate to many that the UK is open for business, the party’s approach to cross-sectoral engagement will be critical for shaping Britain's AI landscape in the near term, says Alexander Amato-Cravero at Herbert Smith.

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