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Corporate Crime & Compliance UK
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September 19, 2025
Midwife Can't Sue Regulator, Barrister Over Sanction
An employment tribunal ruled that it has no jurisdiction to consider a midwife's bias claims against the profession's regulator, as she had a statutory right of appeal under the regulator's own rules to fight a decision that her ability to practice was "impaired."
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September 19, 2025
UK Gov't Borrowing Hits £18B Ahead Of Autumn Budget
U.K. government borrowing reached £18 billion ($24.3 billion) in August, according to official figures published Friday, adding to pressure for the government to hike taxes in its coming budget.
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September 19, 2025
Ex-Havilland CEO Denies Involvement In Qatari Bond Plan
The former chief executive of Banque Havilland's U.K. branch said Friday at a London tribunal that he had not been involved in a plan to de-peg Qatar's currency from the dollar during a trade embargo, saying he had not instructed a junior employee to create a presentation outlining it.
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September 19, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen brokerage firm ADS Securities file a fresh claim against German entrepreneur Lars Windhorst, AmTrust and Endurance Worldwide Insurance tackle an ongoing £50 million ($67 million) dispute over a failed litigation and insurance scheme, and Howard Kennedy LLP sue the son of a diamond tycoon over a £3.1 million legal bill.
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September 19, 2025
Motor Policyholders To Receive £200M After FCA Steps In
More than 270,000 motorists will receive compensation from their insurers, the Financial Conduct Authority said Friday, after the watchdog stepped in over poor claims handling practices by the sector.
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September 19, 2025
SRA Eyes Stricter Rules On Litigation-Funding Practices
The Solicitors Regulation Authority called for responses from the legal profession on Friday to help it understand consumer risks in litigation-funding for high-volume claims, following the collapse of SSB Group in 2024.
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September 18, 2025
HSBC Analyst Launches Libel Case Over Online Posts
An HSBC analyst has accused a company and its director of defaming him by making false allegations that the analyst was a "serial cheater" and liar who had refused to pay £50,000 ($68,000) debts.
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September 18, 2025
Ex-AllSaints Chair Spared Prison For Contempt Of Court
A court in London has handed the former chairman of AllSaints a suspended prison sentence for contempt of court by breaching a court order and claiming an interest in shares in the high street fashion chain after his fraud allegations were rejected.
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September 18, 2025
Former IoD Director General Banned Over COVID Loan Abuse
The former head of one of the U.K.'s leading business groups has been handed an 11-year director ban for failing to repay a £50,000 ($68,000) COVID-19 Bounce Back Loan she wasn't entitled to.
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September 18, 2025
HMRC Names 5 Accountancy Firms With Tax Avoidance Links
HM Revenue & Customs on Thursday revealed five accountancy firms that took fees for connecting their clients to a tax avoidance scheme.
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September 18, 2025
Ex-Havilland CEO To Testify In Qatar Dispute With FCA
Ex-Banque Havilland SA chief executive Edmund Rowland is due to testify in a dispute with the U.K.'s financial regulator over fines imposed for an alleged scheme to de-peg Qatar's currency from the dollar during a trade embargo, a London tribunal heard Thursday.
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September 18, 2025
Three People Arrested On Suspicion Of Spying For Russia
Three people have been arrested on suspicion of spying for Russia, London's Metropolitan Police Service said on Thursday.
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September 18, 2025
Carter-Ruck Hired By CryptoQueen 'In Furtherance Of Fraud'
Fugitive cryptocurrency scammer Ruja Ignatova instructed Carter-Ruck "in furtherance of fraud," and therefore legal filings linked to the prosecution by the Solicitors Regulation Authority of a partner at the law firm must be made public, a tribunal has ruled.
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September 18, 2025
Allied World Denies Liability In £3M 'Ponzi Scheme' Dispute
An insurer has argued that it does not have to indemnify the liquidators of the business behind an investment plan for more than £3 million ($4 million), arguing there is no evidence that the investment was a Ponzi scheme.
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September 18, 2025
FCA Drops Property Group Probe Despite £55M Client Losses
The financial regulator has ended an investigation into property development investments that lost clients about £55 million ($75 million), deciding that the risk of no returns was fairly put to customers.
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September 18, 2025
Former SFO Case Controller Joins Boutique Law As Partner
A former case controller at the Serious Fraud Office has joined criminal and regulatory specialist firm Boutique Law LLP as a partner.
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September 17, 2025
HMRC Tightens Tax Rules For Umbrella Companies
Recruiters and their clients in the U.K. will be jointly liable for tax avoidance by businesses using umbrella companies to pay temporary workers, Britain's tax authority said in guidance issued Wednesday.
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September 17, 2025
Funder Says Businessman Colluded To Overturn Asset Case
A litigation funder told a London court on Wednesday that a businessman should not be allowed to participate in proceedings seeking to enforce an asset recovery judgment, because he allegedly improperly colluded with a convicted fraudster to overturn the outcome of past litigation.
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September 17, 2025
FCA Unveils Tough Proposed Rules For Crypto Firms
The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.
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September 17, 2025
Duty Of Candor Could Be Transformative, But Doubts Remain
The government's bid to enshrine a duty of candor in public office could be transformative in compelling authorities to be more transparent, but legal experts have expressed doubts about how effective enforcement will be.
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September 17, 2025
Ex-Consultancy Execs Liable For £2.4M Over Misleading Sale
A Birmingham court has ordered the former owners of a technology consultancy to pay more than £2.4 million ($3.3 million) in damages for selling the company under the misleading impression that some of its client contracts were more profitable than they really were.
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September 17, 2025
Sexual Harassment Calls To Acas Up 39% After Law Change
Inquiries to the U.K.'s workplace disputes mediator about sexual harassment have grown by 39% following a law change requiring employers to take steps to shield their staff, data released on Wednesday revealed.
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September 17, 2025
Gambling Co. To Pay £360K Over AML, Social Duty Breaches
An online gambling business has agreed to pay a £360,000 ($491,400) settlement after an investigation by the Gambling Commission uncovered failings in social responsibility and anti-money laundering measures within the company.
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September 16, 2025
Gov't Says Hillsborough Law Won't Drive Up Prosecutions
A new offense that would make it a crime for officials to mislead the public is unlikely to drive future prosecutions or target authorities not already liable under the existing law, according to a Home Office report published Tuesday.
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September 16, 2025
Pogust Goodhead Reshuffles Team Leading £36B BHP Case
Pogust Goodhead has had to reshuffle its team on the BHP class action trial after its lead lawyer on the £36 billion ($49 billion) claim moved to another case and the partner overseeing its Dieselgate litigation left the firm.
Expert Analysis
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EU Report May Influence Regulation Of Decentralized Finance
The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.
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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.