Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
April 08, 2025
Legal Advice No Shield For Ex-Metro Bank Execs, FCA Says
The City watchdog told a tribunal on Tuesday that two former Metro Bank executives could not use legal advice from Linklaters LLP as a "get-out-of-jail-free card" for publishing a statement at the heart of a £900 million ($1.2 billion) scandal.
-
April 08, 2025
Nigerian Villagers Seek Shell Execs' Docs In Pollution Case
Thousands of Nigerian villagers urged the High Court on Tuesday to rebalance the "inequality of arms" in their battle with Shell by giving them access to documents that they believe could reveal the involvement of senior executives in decisions that led to widespread pollution.
-
April 08, 2025
Ex-SFO Official Joins BNY Mellon As Senior Counsel
A former official of the Serious Fraud Office has joined the Bank of New York Mellon as a senior in-house counsel after more than a decade at law firms including Reed Smith.
-
April 08, 2025
Former Georgian PM Wins Fight To Nix $1.8M Extortion Case
A former prime minister of Georgia won his bid on Tuesday to avoid a court case in London over allegations that he extorted a businessman for almost $1.8 million and tried to take over a tobacco business.
-
April 08, 2025
Law Firm And Gov't Settle Axed Legal Aid Contract Dispute
A criminal law firm has settled its case against the Ministry of Justice, in which it had alleged that the government department unlawfully pulled a contract for legal aid services after the solicitors missed a deadline.
-
April 08, 2025
FCA Boosts Testing Support For Innovative Products
The financial watchdog said Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.
-
April 07, 2025
Starmer Calls For US Trade Deal That Avoids Tax Hikes
The Labour government would sign a trade deal with the U.S. only if the terms fit Britain's national interest, which would mean avoiding the need for further domestic tax hikes, Prime Minister Keir Starmer said in a news conference Monday.
-
April 07, 2025
UK Gov't Fails To Keep Apple Legal Battle Secret
The legal challenge by Apple to the U.K. government's attempt to create a "back door" to personal encrypted data will not be kept secret, after a tribunal refused Monday to accept that revealing the bare details of the case would threaten national security.
-
April 07, 2025
1 In 3 Criminal Barristers Report Bullying, Harassment
A third of criminal barristers say they have been bullied or harassed, the Criminal Bar Association revealed Monday, amid high attrition rates that add to the crisis in the criminal justice system.
-
April 07, 2025
Cash Uncovered In FCA Probe Was My Dad's, Analyst Testifies
A former analyst for an asset management firm testified in London on Monday that £198,000 ($253,000) unearthed by investigators as part of an insider dealing probe was not dirty money, but was partially cash destined for his father's construction business in Albania.
-
April 07, 2025
Linklaters Names New Global Financial Regulation Boss
Linklaters LLP said Monday that it has appointed a new global head of its financial regulation group who will be based in Hong Kong.
-
April 07, 2025
Doubts Grow Over Impact Of UK Capital Market Deregulation
Government efforts to revitalize the country's sluggish economy by stripping away regulatory burdens on financial markets have raised concerns among lawyers that consumers might be exposed to more risk, amid doubts that the steps can stimulate broader U.K. economic output.
-
April 07, 2025
Allianz Luxembourg Unit Penalized For AML Breaches
Luxembourg's financial regulator has hit the domestic branch of insurer Allianz with a €283,000 ($310,000) fine for breaching the country's anti-money-laundering and terrorist-financing rules.
-
April 07, 2025
Brit Jailed For Money Laundering Plot After 7 Yrs On The Run
An extradited tax fugitive has been jailed for five-and-a-half years for his involvement in a £3.5 million ($4.5 million) money laundering scheme, HM Revenue and Customs said Monday.
-
April 07, 2025
Credit Agency Hit With Fine For Misleading Approval Claims
A European Union financial markets regulator said on Monday that it has fined a financial technology credit ratings agency €420,000 ($460,000) for "misleadingly" using the authority's name to suggest that it endorsed the company's activities.
-
April 04, 2025
Deutsche Bank Not Liable For ISIS Terror, Judge Finds
A New York federal judge on Friday dismissed a lawsuit accusing Deutsche Bank AG of facilitating the financing of the Islamic State, saying that the families of two journalists and an aid worker the terrorist group killed failed to sufficiently allege that the bank participated in a human trafficking venture.
-
April 04, 2025
Alleged 'Hollywood Con Queen' Bids To Halt Extradition To US
An Indonesian man accused of impersonating female Hollywood executives to con hundreds of movie workers into paying him fees urged a London judge Friday to block his extradition to the U.S. to face fraud charges, arguing he is at risk of self-harm and could be victimized because of his sexuality.
-
April 04, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Russian industrialist Oleg Deripaska target the intelligence arm of CT Group with a commercial fraud claim, Big Technologies sue its former CEO for allegedly concealing interests in several shareholders, and an investment firm tackle a professional negligence claim by Adidas. Here, Law360 looks at these and other new claims in the U.K.
-
April 04, 2025
Extended Visa Checks Put Companies At Risk, Lawyers Warn
The government's plan to bring in right-to-work checks on self-employed gig economy workers is unlikely to trouble, say, Deliveroo and Uber Eats. But lawyers tell Law360 that they are concerned that the change will create confusion and legal uncertainty for smaller companies.
-
April 04, 2025
Being Rich Isn't A Crime, Brother Of Russian Pol Tells Jurors
The brother of a Russian politician appointed by President Vladimir Putin did not know U.K. restrictions prohibited him from paying school fees for his sibling's children, and it's not a crime to be rich, his defense lawyers told a London jury Friday.
-
April 04, 2025
Denmark's £56M Cum-Ex Fraud Case Struck Out On Appeal
Denmark's roughly £56 million ($72 million) tax refund fraud claim against an English brokerage was struck out Friday after a London appeals court ruled that an issue "fundamental" to the case had been decided in earlier proceedings.
-
April 04, 2025
Ex-Everton FC Director Calls Sanctions Decision 'Political'
A former director of Everton Football Club accused the British government of being improperly politically motivated when placing him under sanctions after Russia invaded Ukraine, as he asked a court Friday for further information to challenge his designation.
-
April 04, 2025
Russell Brand Charged With Rape, Sexual Assault
Actor and comedian Russell Brand has been charged with rape and other historical sexual offenses, the Crown Prosecution Service said on Friday.
-
April 03, 2025
EU Authorities Arrest 3 In €50M VAT Fraud Investigation
Authorities have arrested three people for their alleged ties to a €50 million ($55 million) value-added tax fraud scheme involving the trade of electronic goods, the European Public Prosecutor's Office said Thursday, tying this fraud to a larger €195 million scheme that is still under investigation.
-
April 03, 2025
Staley Told No 'Deliberate' Epstein Lies, Lawyer Says In Close
Former Barclays CEO Jes Staley was honest about the nature of his relationship with Jeffrey Epstein, his lawyer reiterated in closing submissions at trial Thursday, arguing that Staley told no "direct or deliberate" lies.
Expert Analysis
-
What UK Security Act Report Indicates For Future Gov't Policy
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.
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
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
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
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
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
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
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.
-
How Companies House Enforcement Powers Are Growing
Companies House's recently increased ability to assess what material is submitted to the U.K. register of companies, and to proportionately enforce where violations have occurred, may require some degree of cultural shift within many companies, say lawyers at Greenberg Traurig.
-
How New Sanctions Office Will Affect UK Trade Landscape
The recent launch of the Office of Trade Sanctions Implementation will help to create a more comprehensive civil enforcement terrain, but the potential for multiple investigations means businesses should reassess their systems to ensure they do not inadvertently incur civil liability, says Julia Pearce at Robertson Pugh.
-
FCA Savings Update Focuses On Good Customer Outcomes
The Financial Conduct Authority’s recent cash savings update emphasizes its expectations of firms to deliver fair value to consumers by documenting the rationale for actions at each stage, considering customer communications and demonstrating that potential harms are acted upon, say Matt Handfield, Charlotte Rendle and Caroline Hunter-Yeats at Simmons & Simmons.
-
Opinion
Why The UK Gov't Should Commit To An Anti-SLAPP Law
Recent libel cases against journalists demonstrate how the English court system can be potentially misused through strategic lawsuits against public participation, underscoring the need for a robust statutory mechanism for early dismissal of unmeritorious claims, says Nadia Tymkiw at RPC.
-
5 Takeaways From UK Justices' Arbitration Jurisdiction Ruling
The U.K. Supreme Court's recent judgment in UniCredit Bank v. RusChemAlliance, upholding an injunction against a lawsuit that attempted to shift arbitration away from a contractually designated venue, provides helpful guidance on when such injunctions may be available, say attorneys at Fladgate.
-
FCA's Broad Proposals Aim To Protect Customer Funds
The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig.
-
Complying With Growing EU Supply Chain Mandates
A significant volume of recent European Union legislative developments demonstrate a focus on supply chain transparency, so organizations must remain vigilant about potential human rights and environmental abuses in their supply chain and make a plan to mitigate compliance risks, say lawyers at Weil.