Corporate Crime & Compliance UK

  • June 24, 2025

    Law Firm Partner Denies Ignoring Signs Of £7M Client Fraud

    A partner at Portner Law denied dishonestly allowing use of the firm's account to launder money, telling a London trial that he did not register any red flags with a client who was involved in a £7 million ($9.5 million) fraud.

  • June 23, 2025

    IBM Trims UK Whistleblower's Claim Of Mistreatment

    An employment tribunal has ruled that a staffer at IBM U.K. cannot sue its parent company because her work as part of a global team did not make it her secondary employer.  

  • June 23, 2025

    Trafigura Beats Dubai Bank Unit's 'Cynical' $21M Fraud Case

    Trafigura on Monday defeated a claim by a subsidiary of Dubai's Rasmala Investment Bank alleging that the commodities trader tricked it into providing $21 million to pay off another company's debts, with a London court ruling the trader was not part of the deception.

  • June 23, 2025

    UK Payroll Tax Revenue Continues Rising, HMRC Says

    The U.K.'s receipts from income and payroll taxes increased to £84.6 billion ($114.4 billion) in April and May, up by £6.1 billion compared with the same period last year, according to data from HM Revenue & Customs. 

  • June 23, 2025

    Staffer Can't Ax Amazon's Defense To Russia Tech Sale Claim

    A former Amazon employee on Monday lost his bid to strike out the tech giant's defense to his claims that he was fired for blowing the whistle on alleged sales of its facial recognition technology to Russia.

  • June 23, 2025

    Investors Say Hargreaves Ignored Woodford Fund's Problems

    Thousands of investors who lost out when Neil Woodford's fund collapsed in 2019 have sued asset manager Hargeaves Lansdown, saying the firm kept the fund on its prestigious Wealth List long after it should have known it was headed for administration.

  • June 23, 2025

    AI-Driven Fake Evidence Could 'Play Havoc' In Legal Disputes

    A recent High Court judgment exposed how nonexistent artificial intelligence-generated citations had been used in legal arguments — but experts say this could be the tip of the iceberg for increasingly sophisticated fake evidence making its way into disputes.

  • June 20, 2025

    Gen Z Less Likely To Blow The Whistle At Work, Study Shows

    Gen Z is the least likely age group to blow the whistle to an employer over workplace wrongdoing like health and safety breaches, fraud, bullying or harassment, according to research published Monday.

  • June 20, 2025

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

    This past week in London has seen Pogust Goodhead face legal action from mining giant BHP Group, Trainline bring a procurement claim against the Department for Transport, Sworders auction house sue Conservative peer Patricia Rawlings, and Nokia hit with a patents claim by Hisense. Here, Law360 looks at these and other new claims in the U.K.

  • June 20, 2025

    Denmark To Focus On Carbon Tax, Transparency As EU Chair

    Denmark will prioritize initiatives including carbon taxation, fiscal transparency and measures to fight tax avoidance when it assumes the presidency of the European Union in July, the country's government said.

  • June 20, 2025

    Digital Nomad Co. Seeks Annulment Of EU VAT Rules

    An online short-term rentals company said it's challenging the Council of the European Union in the bloc's court in a bid to overhaul deemed supplier rules for value-added tax.

  • June 20, 2025

    Energy Data Co. Can't Shut Off Info Supply To Rival

    The Competition Appeal Tribunal has blocked an energy data supplier from suspending its services to a competitor following an allegation that the move is an abuse of its de facto monopoly over U.K. meter usage data.

  • June 20, 2025

    FCA's Crypto Ban Reversal Unleashes Consumer Harm Risk

    The Financial Conduct Authority's proposed reversal of its ban on crypto exchange-traded notes for retail investors has paved the way for immeasurable consumer harm, U.K. and U.S. lawyers have warned.

  • June 20, 2025

    BHP Sues Claimant Lawyers Amid £36B Dam Disaster Trial

    BHP is suing law firm Pogust Goodhead, which is representing hundreds of thousands of individuals, municipalities and businesses in a £36 billion ($48.5 billion) claim against the Australian mining giant over a dam disaster in Brazil that killed 19 people, according to court records.

  • June 20, 2025

    EU Body Issues Warning On Anti-Greenwashing Regulation

    The European Union's markets regulator warned Friday that national authorities across the economic bloc will approach enforcement of anti-greenwashing reporting standards in different ways in an online statement.

  • June 20, 2025

    Shell Can Be Liable Over Oil Spill But 'Legal Barriers' Remain

    Shell can be held liable for damages caused by pollution from illegal refining of stolen oil from its pipelines — but the Nigerian communities suing the energy giant face "significant legal barriers" to succeed at trial, a London judge ruled Friday.

  • June 20, 2025

    Gov't Pulls Funding For Pensions Anti-Fraud Unit

    The government has stopped long-term funding for a specialist anti-fraud unit that has helped to claw back millions of pounds in redress for victims of pension dishonesty, the head of the sector's arbitration body said.

  • June 19, 2025

    HMRC Cleared Of Forging Warrant To Seize £80M Mansion

    A businessman has lost his case that claimed the U.K. tax authority forged a warrant used to seize his £80 million ($107 million) mansion over fraud and money laundering charges, with a London court concluding that the warrant was genuine.

  • June 19, 2025

    Trafigura Partly Blocks Changes To Gupta's $600M Defense

    Metals trader Prateek Gupta was partly blocked Thursday from making wholesale changes to his defense to a fraud claim worth more than $600 million from Trafigura by a judge who nevertheless permitted alterations that had been agreed and those that would not require disclosure. 

  • June 19, 2025

    Ex-Janus Henderson Analyst Convicted Of Insider Dealing

    A London jury convicted a former City hedge fund analyst and his sister of insider dealing and money laundering charges on Thursday over allegations that they traded off confidential information to illegally earn nearly £1 million ($1.35 million).

  • June 19, 2025

    Google Suffers Setback In Bid To Overturn €4B Antitrust Fine

    Google suffered a blow in its bid to overturn to a €4.1 billion ($4.7 billion) antitrust fine on Thursday when an adviser to Europe's top court said it had failed to present proper legal grounds to challenge the penalty for unlawful market abuse using its mobile phone operating system.

  • June 19, 2025

    Slovak Officials Detained In Ukraine Military Aid Probe

    Eight people, four of them public officials within Slovakia's defense ministry, have been detained as part of an investigation into the alleged misuse of money destined for military aid to Ukraine, a European Union body has revealed.

  • June 19, 2025

    Presumed Alive, Fugitive Told To Repay £64M For Ponzi Fraud

    A judge ordered the fugitive mastermind behind a Ponzi scheme on Thursday to repay hundreds of conned investors £64 million ($86 million) after assuming that he might not have died despite suffering a reported heart attack in Mexico.

  • June 18, 2025

    £20M Buybacks Weren't Mainly For Tax Benefit, UK Court Says

    Obtaining a tax advantage wasn't the main purpose of two businessmen arranging £20 million ($26.8 million) in share buybacks, despite that being the effect, so they aren't liable for an anti-avoidance action by HM Revenue & Customs, the U.K. Upper Tribunal said in overturning a lower court's ruling.

  • June 18, 2025

    EU Moves To Overhaul Payment Rules To Target Fraud

    A key committee of European Union member state representatives said Wednesday that it had agreed its position on improving payment services, an early step toward regulations that could fight fraud and boost consumer protections.

Expert Analysis

  • Companies Trading In The EU Should Heed Mondelēz Ruling

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    The European Commission’s recent €337.5 million fine of Mondelēz is the latest decision targeting restrictions on EU cross-border trade, and serves as a warning to companies active in the region to check their contracts and practices for illegal restraints, and to perform audits to ensure compliance, says Matthew Hall at McGuireWoods.

  • Why Reperforming Loan Securitization In UK And EU May Rise

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    The recently published new U.K. securitization rules will largely bring the U.K.’s nonperforming loan regime in line with the European Union, and together with the success of EU and U.K. banks in reducing loan ratios, reperforming securitizations may feature more prominently in relevant markets going forward, say lawyers at Morgan Lewis.

  • How Extension Of EU License Exemption Affects Subsidiaries

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    Since many European Union entities with a presence in Russia will soon need to obtain a license to continue providing certain services and software to Russian subsidiaries, organizations and legal professionals should prepare in advance and assess their companies' supply chain compliance with EU sanctions, say lawyers at McDermott.

  • What Legal Cannabis In Germany Means For Employers

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    Since April 1, the consumption and limited possession of cannabis has been permitted in Germany, so employers should take a few steps to maintain safe and productive workplaces while respecting the new legal landscape, says Sven Lombard at Simmons & Simmons.

  • What French Watchdog Ruling Means For M&A Landscape

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    Although ultimately dismissed due to lack of evidence, the French competition authority’s recent post-closing review of several nonreportable mergers is a landmark case that highlights the increased complexity of such transactions, and is further testament to the European competition authorities’ willingness to expand their toolkit to address below-threshold M&As, say lawyers at Cleary.

  • New Directors' Code Of Conduct May Serve As Useful Guide

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    Although the Institute of Directors’ current proposal for a voluntary code of conduct is strongly supported by its members, it must be balanced against the statutory requirement for directors to promote their company’s success, and the risk of claims by shareholders if their decisions are influenced by wider social considerations, says Matthew Watson at RPC.

  • Comparing EU, Southeast Asia Approaches To AI Regulation

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    Although Southeast Asian countries often adopt statutory frameworks similar to those in the European Union, the region’s more business-friendly approach to artificial intelligence regulation may be a setback to the EU’s push for coordination with its AI Act and a barrier to establishing a global standard, say Anne-Gabrielle Haie at Steptoe and Nop Chitranukroh at Tilleke & Gibbins.

  • Exploring The EU's Draft Standards On Crypto Authorization

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    The European Securities and Markets Authority’s recently published draft standards aim to promote fair competition and a safer environment for crypto providers and investors, detailing precisely the information to be provided to national authorities in charge of screening the acquisitions of a qualifying holding, says Mathieu de Korvin at Norton Rose.

  • Assessing Exposure Under UK Foreign Influence Scheme

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    While the proposed Foreign Influence Registration Scheme, designed to ensure transparency around foreign state-directed activities, may be delayed by the snap general election, organizations should prepare for compliance, including addressing concerns about the extent of unintended consequences arising from the scheme's scope, say Gavin Costelloe and Gillian Sproul at Greenberg Traurig.

  • How FCA Guidance Aligns With Global Cyberattack Measures

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    The U.K. Financial Conduct Authority’s recent guidance on preparing for cyberattacks aligns with the global move by financial regulators to focus on operational resilience, highlighting the importance of proactive strategies and robust resilience frameworks to mitigate disruptions, while observing a disappointing level of engagement by the industry, say Alix Prentice and Grace Ncube at Cadwalader.

  • Contractual Drafting Takeaways From Force Majeure Ruling

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    Lawyers at Cleary discuss the U.K. Supreme Court's recent judgment RTI v. MUR Shipping and its important implications, including how the court approached the apparent tension between certainty and commercial pragmatism, and considerations for the drafting of force majeure clauses going forward.

  • Takeaways From Regulators' £61.6M Citigroup Trading Fine

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    Following the Financial Conduct Authority and Prudential Regulation Authority’s recent significant fining of Citigroup for its catastrophic trading error, and with more enforcement likely, institutions should update their controls and ensure system warnings do not become routine and therefore disregarded, says Abdulali Jiwaji at Signature Litigation.

  • Factors For London Cos. To Consider If Adding US Listings

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    Recent reports of a continuing valuation gap between London and New York have resulted in some London-listed companies considering U.S. listings to gain an increased investor base, but with various obligations and implications involved in such a move, organizations should consider whether there is a real benefit from trading there, say lawyers at Winston & Strawn.

  • Behind The Stagecoach Boundary Fare Dispute Settlement

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    The Competition Appeal Tribunal's recent rail network boundary fare settlement offers group action practitioners some much-needed guidance as it reduces the number of remaining parties' five-year dispute from two to one, says Mohsin Patel at Factor Risk Management.

  • Assessing The Energy Act 2023, Eight Months On

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    Although much of the detail required to fully implement the Energy Act 2023 remains to be finalized, the scale of change in the energy sector is unprecedented, and with the U.K. prioritizing achieving net-zero, it is likely that developments will continue at pace, say lawyers at Paul Hastings.

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