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Corporate Crime & Compliance UK
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July 01, 2025
Traders Banned And Fined For 'Spoofing' Market Manipulation
A London tribunal has approved fines and bans for three traders totaling £381,000 ($523,000) for market abuse after upholding claims from the Financial Conduct Authority that they dishonestly placed bogus bond orders to manipulate the market.
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July 01, 2025
3 Ex-Officials At Letby Hospital Arrested In Baby Deaths Probe
Three former senior officials at the hospital where convicted child murderer Lucy Letby worked have been arrested on suspicion of gross negligence manslaughter, police said Tuesday.
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July 01, 2025
Barclays Car Finance Appeal Must Wait For Top Court Ruling
Barclays' bid to overturn a ruling by the Financial Ombudsman on motor finance commissions was delayed on Tuesday, as the Court of Appeal adjourned the case to await a high-stakes judgment from the U.K. Supreme Court.
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July 01, 2025
British-Russian Man Charged With Paying Bitcoin To Militia
A British-Russian national alleged to have funded pro-Russian militia groups in occupied eastern Ukraine through bitcoin payments made his first appearance at a London court on Tuesday accused of breaching the U.K. sanctions regime.
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June 30, 2025
UK Supreme Court Denies Russia Immunity In $63B Yukos Case
Russia has been denied permission to challenge an appellate court ruling in Britain dismissing its attempt to use state immunity to block former investors in Yukos Oil Co. from enforcing more than $63 billion in arbitral awards they won nearly 11 years ago, the investors said Monday.
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June 30, 2025
HMRC Investigated Avoidance Scheme Enough, Court Rules
HM Revenue & Customs didn't need to investigate further before determining that nearly 50 consultants owed taxes on income routed through offshore entities on the Isle of Man, the High Court of Justice said in declining to review the British tax authority's decision.
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June 30, 2025
UK Backs G7 Deal Excluding US Cos. From Global Min. Tax
The U.K. government said it supports the Group of 7 countries' deal to exclude U.S. companies from the global minimum tax regime in exchange for the U.S. government dropping its so-called revenge tax.
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June 30, 2025
Class Rep Can Bid To Revive £800M Water Pollution Case
An environmental consultant has won permission to challenge a U.K. antitrust court's decision to toss her proposed £800 million ($1.1 billion) class action against several water companies over their alleged failure to report pollution, her lawyers said Monday.
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June 30, 2025
Google, Apple Accused Of Misleading App Age Ratings
Consumer advocates have filed a complaint against Apple and Google with Britain's competition watchdog, accusing the technology giants of displaying misleading age ratings for games bought in their app stores in breach of data and privacy regulations.
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June 30, 2025
EU Watchdog Pushes For Stronger Greenwashing Controls
The European Union's markets watchdog warned national regulators Monday to supervise better how investment managers disclose sustainability-related factors of funds.
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June 30, 2025
FCA's New Enforcement Regime Threatens Firms, Individuals
The Financial Conduct Authority could damage the reputations of businesses and individuals under investigation in cases that it publicizes anonymously as an unintended consequence of a new enforcement policy, lawyers have warned.
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June 30, 2025
CPS Drops Bribery Case Against Oil Entrepreneur Over Errors
Prosecutors have dropped bribery charges against a Nigerian-born U.S. oil entrepreneur accused of making illegal payments to a banker, admitting at a court hearing in London on Monday to substantial errors in disclosing evidence.
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June 27, 2025
How Staley's Legal Bid To Save His Reputation Backfired
Former Barclays boss James "Jes" Staley's bid to salvage his reputation has backfired in the face of a London tribunal's findings he "lacked credibility" due to the "overwhelming" evidence of his close relationship with convicted sex offender Jeffrey Epstein.
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June 27, 2025
FCA Launches Investigation Into John Wood Group
The U.K.'s financial watchdog said Friday that it has opened a probe into the Scottish multinational engineering consultancy John Wood Group PLC after the company revealed the probe in a statement to markets.
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June 27, 2025
Dubai Man Banned From Doing Biz In UK Over £1.1M Tax Debt
A Dubai-based businessman is banned from directing companies in the U.K. after running up £1.1 million ($1.5 million) in tax debts and unpaid penalties with HM Revenue & Customs, including £400,000 in falsely claimed value-added tax refunds, the government's business authority said.
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June 27, 2025
SRA Requests Post Office Files In Horizon IT Scandal Probe
The English solicitors' watchdog has asked a London court to compel the Post Office to hand over documents to the regulator's investigation into lawyers who worked for the company, following the Horizon IT scandal.
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June 27, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, Law360 looks at these and other new claims in the U.K.
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June 27, 2025
Ex-NASA Scientist Pleads Guilty To £1M Investment Fraud
A former NASA scientist has admitted a £1 million ($1.4 million) fraud that "fleeced unwitting investors" while he operated an investment business without authorization, the Financial Conduct Authority said on Friday.
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June 27, 2025
ICO Secures Guilty Verdicts In Massive Data Misuse Case
The director of a legal funding company and seven other men have been convicted over a personal injury data conspiracy at an English court, the U.K.'s data regulator has said.
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June 27, 2025
HMRC Beats Dentist's Appeal Over Tax Avoidance Scheme
A dental practice has failed to overturn a finding that it engaged in tax avoidance by making loan payments to its owner through a trust, after an appeals court Friday found that the payments fall to be taxed as income.
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June 27, 2025
FCA Flags Poor Risk Management Practices At Payment Firms
The Financial Conduct Authority has revealed that payment services companies displayed inadequate risk management in every case it examined in a multi-company review.
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June 26, 2025
Microsoft Can Appeal IP Ruling In £270M Antitrust Case
The Competition Appeal Tribunal on Thursday allowed Microsoft to challenge the tribunal's jurisdiction over copyright law issues that arose out of a £270 million ($370 million) antitrust claim against the technology titan.
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June 26, 2025
Law Firm Settles Crypto Fraud Victim's Negligence Claim
A boutique investment fraud law firm and a cryptocurrency fraud victim have inked a settlement to end a claim accusing the firm of providing negligent advice to recover £500,000 ($687,600) in stolen funds.
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June 26, 2025
BHP Fails To Block Contempt Bid In £36B Dam Disaster Battle
BHP lost its bid on Thursday to block Brazilian municipalities from bringing criminal contempt proceedings in a £36 billion ($50 billion) case over Brazil's worst environmental disaster, with a London court ruling there were reasonable grounds to argue the mining giant was in contempt.
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June 26, 2025
SFO Joins Global Anti-Corruption Alliance To Combat Bribery
The Serious Fraud Office said Thursday it has joined an international and multi-agency team that investigates major corruption to bolster the U.K.'s ability to fight white collar crime and illicit cross-border finance.
Expert Analysis
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.