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Corporate Crime & Compliance UK
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April 16, 2025
NHS Practice Manager Gets 7-Year Ban For Pension Failings
A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.
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April 16, 2025
Law Firm Fined For Failing To Shield Client Data From Hack
The U.K. privacy watchdog said Wednesday that it has fined an English law firm £60,000 ($79,465) for failing to put in place proper measures to protect its clients' personal information after the firm suffered a cyberattack in 2022.
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April 16, 2025
Google Faces £5B UK Class Action Over Search Ads
A group of U.K. businesses said Wednesday that they are suing Google for more than £5 billion ($6.6 billion), alleging that the technology giant has abused its monopoly in the search engine market by overcharging them for placement in its search results.
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April 16, 2025
Uber Hacker Fights For Freedom Over Evidence Ruling
Lawyers for a man detained as a teenager for hacking companies including Uber and Rockstar Games urged an English appeals court to overturn the jury findings on Wednesday, arguing that his previous convictions should not have been admitted.
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April 16, 2025
EY Under Investigation Over UK Post Office Audits
The accounting watchdog said Wednesday that it has started an investigation into Ernst & Young LLP as auditor of the Post Office over financial shortfalls registered by postmasters around the country.
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April 15, 2025
7 Arrested In France In €3.4M Cross-Border VAT Fraud Case
The European Public Prosecutor's Office arrested seven people suspected of carrying out a value-added tax fraud scheme involving what it called valuable vehicles that resulted in at least €3.4 million ($3.8 million) in tax losses, the EPPO said Tuesday.
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April 15, 2025
Charity Worker Fights To Revive Fraud Whistleblowing Case
An ex-offender turned charity worker fought on Tuesday to revive his case that a non-profit had him recalled to prison for voicing financial misconduct allegations about the charity's founder, a former Bank of Tokyo-Mitsubishi lawyer.
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April 15, 2025
Questions Linger On UK Sanctions Enforcement Despite Win
British prosecutors recently won their first-ever case against a former politician for breaching Russian sanctions, but some experts question whether the authorities are picking simpler cases rather than prosecuting more complex, substantive breaches.
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April 15, 2025
Man Given 4 Years In Prison For Covid Loan Fraud
A man was sentenced Tuesday to four years imprisonment at an English criminal court for defrauding £710,000 ($938,000) from a local authority in business support loans during the COVID-19 lockdowns, prosecutors said.
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April 15, 2025
EU Still Open To Zero-Tariff US Deal, Trade Chief Says
The European Union remains open to a trade deal with the United States to reach zero tariffs on all goods between the country and the trade bloc, the EU trade commissioner said.
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April 15, 2025
Tribunal Judge Sanctioned Over Solicitor Restraint Incident
A retired magistrate has been sanctioned for misconduct for allowing a duty solicitor who was denied re-entry to a court to return without going through security, which led to him being restrained by security staff.
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April 15, 2025
FCA Accuses Director Of £1M Investor Fraud Scheme
The finance regulator said Tuesday that it was prosecuting the director of a trading advice company that it alleges made more than £1 million ($1.3 million) by misleading investors and operating an investment business without authorization.
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April 15, 2025
Ex-Fund Boss Loses Path To Fight $400M Ponzi Scheme Debt
The top appeals court for U.K. overseas territories refused on Tuesday to prevent liquidators from chasing a former hedge fund manager for a $400 million debt linked to a financier convicted of running a multibillion-dollar Ponzi scheme more than a decade ago.
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April 14, 2025
HMRC Lays Out Info Exchange Noncompliance Penalties
HM Revenue & Customs on Monday established the penalty structure for financial institutions that fail to comply with the U.K.'s regulations on automatic exchange of information, including monetary penalties for late filing and inaccurate reports.
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April 14, 2025
Ex-BGC Tax Adviser Admits Contempt In £23M Fraud Case
A former BGC Partners employee faces a potential jail sentence after admitting before a London judge Monday that he breached restrictions the court imposed after he committed a £23.5 million ($30.9 million) fraud against a subsidiary.
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April 14, 2025
Credit Suisse Ignored Greensill Risks, Softbank Tells Court
Softbank told the High Court Monday that Credit Suisse executives had "accepted the risks" that investors might not be paid at the time they agreed to cancel a trade with Greensill Capital in the lead-up to the finance firm's collapse.
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April 14, 2025
Bank Of Ireland Can't Nix Investor's £60M Fraud Claim
Bank of Ireland has lost a bid to block a £60 million ($79 million) case alleging it deceived a property investor into taking out a multimillion-pound loan, with a London judge refusing to rule that the claim was brought too late.
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April 14, 2025
EU Council Greenlights Delay To Sustainability Rules
The Council of the European Union said on Monday that it has formally approved a proposal that will temporarily delay the implementation of two flagship sustainability directives across the bloc.
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April 14, 2025
EY Hit With £325K Fine Over Audit Of Scottish Finance Biz
The accounting watchdog said Monday that it has hit Ernst & Young LLP with a fine of £325,000 ($430,000) and its engagement partner Christopher Voogd £32,000 for failings in the audit of Stirling Water Seafield Finance PLC.
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April 11, 2025
Ireland Probes X's Use Of Public Posts To Train AI Tool Grok
Ireland's data protection authority said Friday that it is forging ahead with an investigation into whether efforts by the Elon Musk-owned social media platform X to train its artificial intelligence model Grok on personal data lifted from public posts complied with the European Union's data protection rules.
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April 11, 2025
Gowling Partner Revives Claim Against Ex-Boss At Credit Firm
A Gowling WLG partner on Friday rekindled her whistleblowing claim against her boss at a credit firm where she previously worked, convincing a London appeals judge that an earlier tribunal was wrong to let the executive off the hook.
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April 11, 2025
3 Convicted Of Driving €24M Car Sales VAT Fraud Ring
A German court convicted and sentenced three ringleaders of a value-added tax fraud scheme that used a series of shell companies and fake invoices to dodge €24 million ($27 million) in owed value-added taxes, the European Public Prosecutor's Office said Friday.
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April 11, 2025
Sheikh Wins $5M Antiques Fraud Case Against Art Dealers
A Qatari royal on Friday won his $5.2 million case against a pair of art dealers, with a London court ruling that the duo could not defend claims that they misrepresented the provenance of antiques because they failed to disclose key evidence.
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April 11, 2025
Teacher Loses Racial Bias, Harassment Claim
An employment tribunal has thrown out a teacher's claims that staff at a grammar school in southeast England discriminated and harassed her, putting an end to her case after she'd already had allegations that the head teacher committed insurance fraud to pay his solicitors tossed out.
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April 11, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.
Expert Analysis
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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.
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FCA Strikes A Balance With 'Finfluencer' Guidance
With financial firms leveraging social media to engage with a broader audience, the Financial Conduct Authority’s recent "finfluencer" guidance signals a recognition of the imperative to adapt regulatory frameworks while maintaining a firm commitment to consumer protection, say David Allinson and Damien O'Malley at RPC.
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Pharma Remains A Key Focus Of EU Antitrust Enforcement
The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.
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Dissecting Recent Developments Against The Misuse Of NDAs
The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.
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What UK Energy Charter Treaty Exit Would Mean For Investors
While the U.K.'s recent announcement that it intends to withdraw from the Energy Charter Treaty is a bold political signal, investor protections will remain in place for a significant period of time, ensuring that an element of certainty and business continuity will remain, say Karel Daele and Jessica Thomas at Taylor Wessing.
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Assessing The FCA Data Study's Response To User Concerns
The Financial Conduct Authority’s recently published report on the supply of wholesale financial data differs from others in its exceptional breadth and analysis of an enormous volume of information, but in its reluctance to address market power or pricing directly, the regulator’s approach is still cautious, say Emma Radcliffe and Greg Dowell at Macfarlanes.
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Uber Payout Offers Employer Lessons On Mitigating Bias
Uber Eats' recent payout to a driver over allegations that the company's facial recognition software was discriminatory sheds light on bias in AI, and offers guidance for employers on how to avoid harming employees through the use of such technology, says Rachel Rigg at Fieldfisher.