Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
June 26, 2025
Businessman To Stand Trial In Malawi Bribery Case In 2027
A British businessman accused of making corrupt payments to the former vice-president of Malawi, the country's former solicitor general and other high-ranking officials appeared before a London judge on Thursday to be told he won't stand trial for two years.
-
June 26, 2025
SRA Taps FRC Exec To Lead Regulator Past Controversies
The Solicitors Regulation Authority said Thursday that it has appointed a senior executive from the U.K. accounting watchdog as its new chief executive, as the regulator navigates a turbulent period marked by high-profile scandals and increased scrutiny.
-
June 26, 2025
Audit Watchdog Sets New Guidance For 'Black Box' AI
Britain's accounting watchdog warned Thursday in new guidance on using artificial intelligence in audits that the opacity of AI models makes it crucial for firms to document how they are controlled.
-
June 26, 2025
Staley Fails To Overturn FCA Ban Over Epstein Ties
Former Barclays boss James "Jes" Staley lost his bid to overturn the Financial Conduct Authority's ban for allegedly lying about his ties to Jeffrey Epstein on Thursday as a London tribunal found he intentionally misled the watchdog's inquiry into their relationship.
-
June 25, 2025
Class Certified In Suit Over Oil Market's Historic Price Crash
A Chicago federal judge has certified a class of futures traders who claim Vega Capital London Ltd. and 12 of its traders caused a historic oil crash with an aggressive price manipulation scheme that resulted in oil futures going negative for the first time, saying the plaintiffs have met all the requirements for certification.
-
June 25, 2025
Sanctioned Co. Director Convicted Of Failing To Give Info
A sanctioned company director was convicted in a criminal court in London on Wednesday of failing to adequately respond to a request for information by the U.K.'s sanctions agency.
-
June 25, 2025
Solicitor Hit With £30K Court Bill Over Fake Car Claims
A solicitor has been handed an eight-month suspended sentence and a £30,874 ($40,871) bill for filing false claims that city potholes in Stoke-on-Trent were damaging cars, following an investigation that uncovered anomalies in his invoices.
-
June 25, 2025
Ex-Trowers Pro Loses Disability Claim Over SRA Referral
An employment tribunal has barred a former employee of Trowers & Hamlins LLP from bringing part of a legal claim against the firm after it reported her to the Solicitors Regulation Authority.
-
June 25, 2025
Businessman Jailed For Laundering £1.9M For Romance Scam
A businessman who laundered £1.9 million ($2.6 million) in romance scam proceeds through his textiles business has been imprisoned for more than four years, the Crown Prosecution Service said Wednesday.
-
June 25, 2025
Sweden Fines Diagnostics Co. $1.25M For Market Abuse
Sweden's financial watchdog has fined a medical diagnostics company 12 million Swedish kronor ($1.25 million) for breaching European Union regulations on market abuse following an investigation into its handling of insider information, the company revealed on Wednesday.
-
June 25, 2025
Steptoe Chastised For Breaching Russian Sanctions
The solicitors' regulator has rebuked the U.K. arm of Steptoe International after it breached the terms of its license to act for two clients under the Russian sanctions regime.
Expert Analysis
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.