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Corporate Crime & Compliance UK
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October 08, 2025
CPS Has Immunity Over Victim Address Leak In Court
A London appeals court ruled Wednesday that the Crown Prosecution Service is immune from a claim by a domestic abuse victim after its advocate inadvertently revealed the victim's new address to her abusive ex-partner in court.
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October 08, 2025
Tech Biz Says Former Exec Lied About CEO's Links To Russia
A technology company has accused a former executive in a London court of targeting its CEO with a smear campaign about his alleged ties to Russian special services and organized crime networks.
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October 08, 2025
'Finfluencers' Have To Wait Until 2027 For Trial
Three men charged with advertising unauthorized investment opportunities in foreign exchange markets on social media will have to wait at least until late 2027 for their trials, a London judge said Wednesday.
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October 08, 2025
Christie's Denies Hiding Picasso Crime Links In £14.5M Case
Christie's auction house has denied concealing the fact that a Picasso had been owned by a drug trafficker when it persuaded an art collector to bid £14.5 million ($19.5 million) for the painting.
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October 08, 2025
Ex-Yellow Pages CFO Wins Costs In Baseless £1B Fraud Case
A London court has ruled that the former finance chief of Yellow Pages should have his costs covered in both criminal and review proceedings stemming from a private prosecutor's unfounded allegations that the boss oversaw a £1 billion ($1.3 billion) fraud.
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October 08, 2025
Top Prosecutor Blames Gov't For Collapse Of China Spy Trial
Prosecutors dropped criminal charges against two men accused of spying for China because the government did not offer evidence that Beijing was a national security threat, according to the U.K.'s top prosecutor.
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October 07, 2025
Wine Co. Exec Cops To Wire Fraud Conspiracy In $99M Scam
A United Kingdom wine company executive pled guilty to wire fraud conspiracy in New York federal court Tuesday in a criminal case accusing him of scamming investors out of $99 million after persuading them to make loans using wine collections as collateral.
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October 07, 2025
Ex-IT Exec Sues His Lawyers After Losing Hacking Case
A former chief technology officer has sued the law firm that represented him in civil proceedings against his ex-employer following his conviction for hacking their computer systems, accusing the law firm of breaching its duties by refusing to pursue an appeal argument.
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October 07, 2025
FCA Says Lenders Will Pay Out £8B For Motor Finance Scandal
The Financial Conduct Authority released a proposed industry-wide program under consultation on Tuesday to compensate motor finance customers treated unfairly between 2007 and 2024, which it estimates will pay out £8.2 billion ($11 billion) in redress.
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October 07, 2025
Class Reps Vie To Bring Rival Ad-Price Claims Against Google
A former judge and a competition law scholar on Tuesday fought to bring rival multibillion-pound class actions against Google over allegedly unfair advertising pricing practices, each arguing at a London tribunal that they would be the better candidate to take on the tech giant.
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October 07, 2025
Nick Candy Admits Looking Stupid Over Alleged €5M Fraud
Property entrepreneur Nick Candy admitted that he "looks stupid" after being allegedly deceived by a dotcom-era investor into putting money in a failed social media startup, as he gave evidence on the first day of a €5 million ($5.8 million) trial.
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October 07, 2025
KPMG Fined By FRC For 'Serious' Failings In Audit Of Retailer
The accounting watchdog said Tuesday that it has hit KPMG and one of its partners with a £711,000 ($952,000) fine for "serious" failings in an audit of an online retailer — the latest in a series of penalties imposed by the regulator.
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October 06, 2025
SFO Stands By Ex-Deutsche Bank Trader's Fraud Conviction
The Serious Fraud Office said Monday that the conviction of a former Deutsche Bank AG trader for conspiring to rig a benchmark interest rate remains safe even after the U.K.'s highest court overturned similar cases of two former bankers earlier this year.
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October 06, 2025
London Casino Loses Dispute Over VAT Base Method
HM Revenue & Customs used the correct method for calculating the value-added tax base of a casino, a London court ruled Monday, rejecting the casino's arguments for the use of a special method that would have allowed it to recover more input VAT.
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October 06, 2025
Carter-Ruck Pro Can't Get Info On SRA OneCoin Investigation
A Carter-Ruck partner who threatened to sue a whistleblower who exposed the multibillion-dollar OneCoin crypto-scam failed to convince a tribunal Monday to order the Solicitors Regulation Authority hand over information about the decision to press on with her prosecution.
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October 06, 2025
Regulators Crack Down On Misleading Motor Finance Ads
The Financial Services Authority said Monday it has joined forces with the Solicitors Regulation Authority and other watchdogs to stop misleading advertising by claims management companies and law firms working on motor finance claims.
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October 06, 2025
Qualcomm Accused Of Driving Up Phone Prices At £480M Trial
British consumer group Which told a London tribunal that Qualcomm drove up Apple and Samsung phone prices by threatening to cut component supply in patent license negotiations, kicking off the trial of its £480 million ($655 million) case on Monday.
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October 06, 2025
Lloyds Pushes To Slash £1.3B Arena TV Fraud Claims To £50M
Lloyds Bank PLC and its Bank of Scotland PLC subsidiary sought at a London court hearing on Monday to slash "extravagant" claims worth a combined £1.3 billion ($1.7 billion), brought by failed broadcast equipment companies at the center of fraud allegations.
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October 06, 2025
Linklaters Fails To Toss Fintech Investor's Negligence Case
Linklaters lost an attempt on Monday to strike out a claim brought by a financial technology investor that the Magic Circle firm had negligently failed to spot a "large-scale fraud" against a company that the investor had acquired.
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October 06, 2025
Former Petrobras Exec's $7.7M Asset Fight Delayed To 2026
The challenge brought by a former Petrobras executive to the seizure from him by the Serious Fraud Office of $7.7 million will continue in 2026 to allow additional information about related Brazilian proceedings to be gathered, a London court ordered on Monday.
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October 06, 2025
Ex-Soldier Gets 7.5 Years In Prison For £1.3M Ponzi Fraud
A former British Army rifleman convicted of running a £1.3 million ($1.75 million) Ponzi scheme was sentenced to seven-and-a-half years in prison on Monday, as a judge said it was a "great pity" he had not seen the strength of the evidence against him.
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October 06, 2025
Justices Won't Review Ex-BigLaw Atty's OneCoin Conviction
The U.S. Supreme Court on Monday declined to take up a former Locke Lord LLP partner's appeal of his conviction and prison sentence for helping launder roughly $400 million in proceeds from the infamous OneCoin cryptocurrency scheme.
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October 06, 2025
Pogust Goodhead Seeks To Exit Dieselgate Lead Role
Pogust Goodhead asked a court on Monday for permission to exit its role as joint lead firm on the Dieselgate litigation, a week before the trial is due to begin in what is one of the largest group actions ever brought.
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October 03, 2025
Ex-Petrobras Exec's Challenge To $7.7M Seizure Delayed
A former Petrobras executive's challenge to the U.K's Serious Fraud Office's seizure of $7.7 million from him was delayed by a London court Friday, after the white-collar agency said it needed time to gather evidence about related proceedings in Brazil.
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October 03, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen billionaire Michael Platt sue his former tax lawyer, five former Deutsche Bank staffers file claims against the German bank and an Italian financier issue a commercial fraud claim against the Vatican and UBS.
Expert Analysis
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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.
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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.
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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.
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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.
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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.
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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.
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New Bill Introduces Important Whistleblower Protections
If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.
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Important Changes To Note In Accountant Ethics Code Update
The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.
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What EU Sustainable Category Proposals Will Mean For Funds
The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.
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What To Expect As CAT Considers Mastercard Settlement
It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.
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Managing Transatlantic Antitrust Investigations And Litigation
As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.
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What 2025 Holds For UK, EU Restructuring And Insolvency
European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.
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What To Know As EU Urges Outbound Investment Reviews
A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.
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Competition Act Brings Important UK Merger Control Changes
Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.
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How GCs Can Protect Cos. From Geopolitical Headwinds
Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.