Corporate Crime & Compliance UK

  • February 02, 2026

    EY Settles £2B Negligence Case Over NMC Health Collapse

    EY has settled a £2 billion ($2.73 billion) claim in London over its allegedly negligent auditing of collapsed health giant NMC Health and its failure to spot major fraud by shareholders at the hospital operator.

  • February 02, 2026

    Carter-Ruck Partner Can Claim Costs For Failed SRA Action

    The Solicitors Disciplinary Tribunal ruled Monday that a Carter-Ruck partner can in principle recover costs from the industry regulator after she was cleared of disciplinary charges linked to the OneCoin cryptocurrency scam, but said that the High Court should decide how much.

  • January 30, 2026

    Tech Exec Fired After Board Coup Bid Was 'Unfairly' Let Go

    A London Employment Tribunal has ruled that a financial technology payment startup unfairly dismissed its chief technology officer, but did not do so for the disclosures he made amid a souring relationship with the company's chief executive that led to an attempted boardroom coup.

  • January 30, 2026

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

    This past week in London saw collapsed solar bonds company Rockfire Capital sue the Royal Bank of Scotland, e-ticket platform Eventbrite target the owners of Salford Red Devils rugby club over an alleged contract breach, and Scottish distiller William Grant & Sons square off against a former MP in a trademark tussle tied to its Glenfiddich whisky. 

  • January 30, 2026

    Trafigura Wins Trial Over $500M Nickel Fraud Against Magnate

    Trading company Trafigura was the victim of a "massive fraud" carried out by Prateek Gupta and his companies in which he made $500 million in sham nickel trades, a London court concluded on Friday.

  • January 30, 2026

    FCA Proposes New Climate Disclosure Rules For Listed Cos.

    The Financial Conduct Authority proposed to replace its climate disclosure rules on Friday for companies listed on the London Stock Exchange, under a new regime aligned with international standards.

  • January 30, 2026

    Higher Fines, New Settlements In UK Sanctions Revamp

    The sanctions enforcer plans to introduce higher maximum fines and a new settlement scheme as part of a wave of reforms aimed at keeping pace with the increased volume and complexity of its investigations.

  • January 29, 2026

    MoD Urged To Unite Teams To Better Combat Economic Crime

    The U.K.'s public spending watchdog urged the Ministry of Defence on Friday to create a single body that brings together the department's counter-fraud and police teams to better investigate economic crime.

  • January 29, 2026

    Ex-Oil Minister Says She Repaid 'Lavish' Gifts From Execs

    Diezani Alison-Madueke did not abuse her position as a Nigerian petroleum minister by accepting "lavish" gifts from oil executives as the cash, car rides and luxury accommodation were later reimbursed, her lawyer told jurors in London on Thursday. 

  • January 29, 2026

    Ex-LCF Boss Violated Court Order Imposed During SFO Probe

    The former chief executive of London Capital & Finance PLC and his wife admitted on Thursday to breaching a court order imposed during an investigation into the £237 million ($326.8 million) collapse of the company, the Serious Fraud Office said.

  • January 29, 2026

    Barclays Traders' Rate-Rigging Cases Sent To Court Of Appeal

    The watchdog for miscarriages of justice referred the convictions of five former Barclays traders back to the Court of Appeal on Thursday after concluding that the legal errors which led the country's highest court to overturn historical Libor and Euribor prosecutions also undermined their cases.

  • January 29, 2026

    FCA, OFSI Team Up To Fight Crypto Abuse, Money Laundering

    The Financial Conduct Authority has joined forces with the sanctions policing body, law enforcement agencies and regulators in an information-sharing initiative to tackle the abuse of crypto assets and money laundering.

  • January 29, 2026

    Local Authority Settles Claim Over Lost £20M Bond Investment

    A local council in England has agreed to a settlement in its £20 million ($28 million) claim against a regulatory host over allegedly fraudulent misrepresentations that led the now essentially bankrupt authority to invest in high-risk bonds.

  • January 29, 2026

    Deutsche Bank Probed For Suspected Money Laundering

    German prosecutors confirmed on Thursday that they are investigating Deutsche Bank AG for suspected money laundering activity linked to foreign businesses. 

  • January 29, 2026

    Howard Kennedy's Ex-Client Can't Challenge £196K Legal Bill

    Howard Kennedy LLP has successfully defeated a former client's challenge to a legal bill of almost £196,000 ($270,000) racked up in connection with Financial Conduct Authority proceedings, as a London court ruled that the man was made aware of the costs.

  • January 28, 2026

    Belarusian Co. Fights To Overturn 'Irrational' UK Sanctions

    A Belarusian construction company urged a London appellate court Wednesday to overturn a decision upholding the U.K. Foreign Office's imposition of economic sanctions on it, arguing that it no longer benefited from or supported the republic's government in Minsk.

  • January 28, 2026

    Lawyers Urge UK Gov't To Expand Anti-SLAPP Laws

    More than 120 lawyers and other representatives of civil society called on Wednesday for the government to include provisions in the next King's Speech for tackling strategic legal claims designed to gag reporting and silence criticism.

  • January 28, 2026

    Coinbase Crypto Ads Banned Over Cost-Of-Living Claims

    The Advertising Standards Authority banned adverts by Britain's largest crypto-asset exchange on Wednesday, saying that they trivialize the risk of cryptocurrency investing by implying it could be an alternative to cost-of-living concerns.

  • January 28, 2026

    Ex-OPEC Head Vowed Oil Execs Would Join Her In Jail

    Diezani Alison-Madueke threatened to expose the oil tycoons who had showered her with lavish gifts after hearing rumors of a plot to "sink" her, vowing to "escort all of you to jail along with myself," prosecutors told a London court on Wednesday.

  • January 28, 2026

    FCA Urged To Clarify AI Rules For Senior Managers

    The Financial Conduct Authority is facing calls from legal experts for it to plug gaps in its rules that could leave senior managers on the hook for failings in artificial intelligence under existing accountability regulations.

  • January 27, 2026

    UBS Wants Hayes' $400M Malicious Prosecution Suit Axed

    UBS AG has asked a Connecticut state court to throw out former trader Tom Hayes' lawsuit that alleges the bank scapegoated him for Libor-rigging, arguing the case doesn't belong in the state and improperly seeks to punish the bank for cooperating with prosecutors.

  • January 27, 2026

    Slapped Down: SRA At Crossroads After SLAPP Setbacks

    The string of failed prosecutions brought by the Solicitors Regulation Authority against City lawyers accused of trying to silence journalists on behalf of clients has raised questions about its enforcement strategy, with critics accusing the watchdog of overreaching its rules.

  • January 27, 2026

    Ex-OPEC Head Accused Of Taking Cash, Cars, Jets In Bribes

    Diezani Alison-Madueke lived a "life of luxury" taking bribes that included cash, cars and the use of high-end properties to "favor" executives in Nigeria's oil and gas industry, prosecutors said at the start of her criminal trial in London on Tuesday.

  • January 27, 2026

    Execs Say $22M Investec Loan Breached Sberbank Sanctions

    Two business executives have denied owing Investec Bank PLC almost £22 million ($30.2 million) over loan agreements, arguing that the Anglo-South African lender knew the deals were designed to aid the purchase of a Russian bank's assets in breach of sanctions.

  • January 27, 2026

    Home Office Pressed Over Failure To Explain RTW Fine

    The Home Office must explain how it has determined that someone does not have the right to work in the U.K. when it issues penalty notices to employers, a restaurant argued at Britain's top court on Tuesday.

Expert Analysis

  • EU Paper Urges Data Protection And Competition Law Unity

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    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

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    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

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    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

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    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

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    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.

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    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.

  • New Bill Introduces Important Whistleblower Protections

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    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.

  • Important Changes To Note In Accountant Ethics Code Update

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    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.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    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.

  • What To Expect As CAT Considers Mastercard Settlement

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    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.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    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.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    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.

  • What To Know As EU Urges Outbound Investment Reviews

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    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.

  • Competition Act Brings Important UK Merger Control Changes

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    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.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    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.

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