Corporate Crime & Compliance UK

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • October 03, 2025

    SFO Investigator Loses Whistleblowing Case Over Disclosure

    A former Serious Fraud Office senior investigator who claims he lost a job promotion for raising concerns about a disclosure policy lost his case Friday when a tribunal dismissed his whistleblowing claim.

  • October 03, 2025

    Denmark's £1.4B Cum-Ex Loss Raises Legal Strategy Doubts

    Denmark's "bruising" defeat in its £1.4 billion ($1.9 billion) cum-ex fraud case against trader Sanjay Shah and others calls into question its legal strategy and the scope of its claim, lawyers have said, although they believe an appeal appears inevitable.

  • October 03, 2025

    EU Markets Watchdog Widens Supervisory Reach For 2026

    The European Union's financial markets regulator said Friday it will expand its supervisory responsibilities into a raft of new areas in 2026, including sustainability ratings, green bond issuance and the giant information technology service providers.

  • October 03, 2025

    Denmark Denied Permission To Appeal £1.4B Cum-Ex Defeat

    Denmark cannot revive its £1.4 billion ($1.9 billion) against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

  • October 02, 2025

    UK Crypto Seizure Tees Up £5.5B Legal Battle With China

    The record capture by British police of £5.5 billion ($7.4 billion) in cryptocurrency from a convicted money launderer has set up a mammoth legal showdown between the U.K. and defrauded investors, who say the money should be returned to victims in China.

  • October 02, 2025

    Russia Claims Fraud Tainted $63B Yukos Arbitration Awards

    Russia has told a London court that a $63 billion arbitration award to investors in Yukos Oil is unenforceable because the investors obtained it by concealing documents and bribing a witness.

  • October 02, 2025

    BA Rejects Passengers' Data-Breach Claims As 'Unarguable'

    British Airways has hit back at claims from thousands of customers who allege that the airline failed to protect their personal data from a cyberattack, arguing that the claims are time-barred and not well founded.

  • October 02, 2025

    Groups Want Treasury Flexibility On Overseas Equivalence

    U.K. and European financial services trade bodies have asked HM Treasury to take a flexible approach in recognizing overseas regimes as effectively "equivalent" to allow overseas firms access to U.K. customers, with a year's notice of withdrawal.

  • October 02, 2025

    Commerzbank Says Analyst Made Bogus Harassment Claims

    Commerzbank urged a London judge on Thursday to find a former analyst was in contempt for making "wholly bogus" allegations of sexual harassment in an employment tribunal against his former colleagues.

  • October 02, 2025

    Deutsche Sued By Bankers Tied To Monte Dei Paschi Case

    Deutsche Bank has been hit with legal claims in London by five former employees who were convicted and subsequently acquitted for aiding false accounting and market manipulation in one of Italy's biggest financial sandals, according to High Court filings published Tuesday. 

  • October 02, 2025

    Denmark Loses £1.4B Cum-Ex Fraud Case Against UK Trader

    Denmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

  • October 02, 2025

    FCA's Crypto Rules Risk Abuse Without Tailored Safeguards

    The proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned.

  • October 01, 2025

    Daily Mail Publisher Seeks To Contain Celebs' Privacy Claims

    The publisher of U.K. tabloid The Daily Mail sought to prune claims brought by public figures including Prince Harry over alleged unlawful information-gathering techniques, arguing Wednesday that they should be restricted to specific allegations of wrongdoing.

  • October 01, 2025

    Law Firm Denies Liability Over Fraudulent Property Deal

    A regional law firm said it should not be liable to pay nearly £1 million ($1.35 million) to a property developer for representing a fraudster posing as the owner of a London property, saying it believed the sale was a genuine transaction.

  • October 01, 2025

    FCA Gives Chancellor 4-Point Plan For Consumer Duty

    The Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday.

  • October 01, 2025

    FRC Eyes Public, Accelerated Action For Audit Breaches

    The accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued.

Expert Analysis

  • 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.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

  • Navigating PRA's Data Request For Crypto-Asset Exposure

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    The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.

  • Key Points From FCA Financial Crime Guide Updates

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    The Financial Conduct Authority’s recent updates to its financial crime guide reflect the regulator’s learnings on sanctions following Russia's invasion of Ukraine, highlighting and clarifying consumer duty, anti-money laundering and other compliance expectations, say lawyers at Womble Bond.

  • Tax Directive Marks Milestone In Harmonizing EU System

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    The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and compliance costs for cross-border investors, says Martin Phelan at Simmons & Simmons.

  • Why Nonfinancial Misconduct Should Be On Firms' Radar

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    Following a recent Financial Conduct Authority survey showing an increase in nonfinancial misconduct, the regulator has made clear that it expects firms to have systems in place to identify and mitigate risks, says Charlotte Pope-Williams at 3 Hare Court.

  • What New UK Code Of Conduct Will Mean For Directors

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    The Institute of Directors’ new voluntary code of conduct is intended to help directors make better decisions and enable U.K. businesses to win back eroded public trust, although, with no formal means of enforcement, its effectiveness could be limited, says Sarah Turner at Eversheds Sutherland.

  • Russian Bankruptcy Ruling Shows Importance Of Jurisdiction

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    The U.K. Supreme Court's recent decision not to assist a Russian receiver in Kireeva v. Bedzhamov will be of particular interest in cross-border insolvency proceedings, where attention must be paid to assets outside the jurisdiction, and to creditors, who must consider carefully where to apply for a bankruptcy order, say lawyers at McDermott.

  • Russia Sanctions Spotlight: UK Guides Offer Support To Cos.

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    The Office of Trade Sanctions Implementation’s recent guidance provides best practice suggestions that can help businesses mitigate the risk of their exports being targeted by Russian circumvention efforts, while noting that there is no one-size-fits-all approach to compliance, says Alexandra Melia at Steptoe.

  • How Board Directors Can Adapt To Shifting Governance Tides

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    With European Union regulatory initiatives trending toward a sharp focus on ESG reporting requirements and ramping up pressure on corporate boards, directors should play a more active part in ensuring business objectives are aligned with regulatory demands, says Kallia Gavela at Alvarez & Marsal.

  • How Listing Act Measures Will Modernize EU Capital Markets

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    The new European Union Listing Act, in line with the capital markets union initiative, aims to simplify market access for small and midsize enterprises, laying a foundation for a more integrated framework and representing a modernization milestone, say lawyers at Cleary.

  • Forced Labor Imports Raise Criminal Risks For UK Retailers

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    Last summer’s London appeals court ruling applying the Proceeds of Crime Act to products made with forced labor, potential legislative reforms and recent BBC allegations about Chinese produce harvested by Uyghur detainees suggest British importers and retailers should increase scrutiny of their supply chains, says Ian Hargreaves at Quillon Law.

  • Insider Info Compliance Highlights From New FCA Guidance

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    The Financial Conduct Authority's recent guidance to companies on identifying inside information clarifies the regulator's expectation of case-by-case assessment, helpfully highlighting that abuse of U.K.-regulated markets can arise earlier than some might think, say lawyers at Sullivan & Cromwell.

  • EU's AI Act May Lead To More M&A Arbitration

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    With the EU's Artificial Intelligence Act and its stiff penalties beginning to take effect, companies acquiring AI targets should pay close attention to the provisions in the dispute resolution clauses of their deal documents, say Nelson Goh at Pallas Partners and Benjamin Qiu at EKLJ.

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