Corporate Crime & Compliance UK

  • January 14, 2025

    Apple Tells UK Trial That App Developers Get Fair Price

     Apple told a trial in London on Tuesday that a £1.5 billion ($1.8 billion) claim over the commission it charges to third-party app developers overlooks the benefits users get from its App Store and ignores the company's intellectual property rights. 

  • January 14, 2025

    Siddiq Resigns as City Minister Amid Bangladeshi Questions

    Tulip Siddiq resigned on Tuesday as the Treasury minister in charge of economic policy over questions about her family ties to the deposed prime minister of Bangladesh, amid a widening corruption probe by Bangladeshi authorities.

  • January 14, 2025

    Gunnercooke Pro Fined For Improper Use Of Client Account

    A lawyer at Gunnercooke LLP has been fined more than £14,000 ($17,000) for allowing clients to use the law firm's client account as a banking facility, the Solicitors Regulation Authority has said.

  • January 13, 2025

    NYDFS Launches Staff Exchange With Bank Of England

    The New York Department of Financial Services on Monday launched an international secondment program to allow the department to exchange staff with other regulators, starting with a digital assets-focused exchange with the Bank of England next month.

  • January 13, 2025

    Shippers Accused Of Overcharging Motorists In £100M Trial

    A group of shipping companies caused motorists to pay higher prices for their vehicle than they would otherwise have done by artificially inflating delivery charges, lawyers for the vehicle owners said at the start of a £100 million ($121.4 million) class action trial Monday in London.

  • January 13, 2025

    BNP Paribas Sues Oil Co. Boss For £104M Over Fraud Claims

    BNP Paribas has accused an oil company of defrauding it with forged invoices, making the allegation in a London court claim against the oil business's boss to claw back £104 million ($126 million).

  • January 13, 2025

    Employment Tribunal Rules All-Staff Email Not Whistleblowing

    An employment tribunal ruled that an accountant at a charity in central London did not blow the whistle on the organization's equality practices, finding that his staffwide email contained nothing more than his personal opinion.

  • January 13, 2025

    BHP Disputes Strict Liability Claim In £36B Dam Collapse Trial

    Individuals and municipalities suing BHP for £36 billion ($43.8 billion) do not need to prove a direct causal link between the miner and a dam collapse that caused Brazil's worst environmental disaster, an expert on the country's law told a trial on Monday. 

  • January 13, 2025

    Apple Accused At Trial Of 'Eliminating' App Store Competition

    Apple was accused Monday of "eliminating" competition to its App Store, allowing it to charge developers excessively high commissions that cost consumers up to £1.5 billion ($1.8 billion), as the first U.K. class action trial against a Big Tech company started.

  • January 13, 2025

    UK Unveils Blueprint To Become AI World Leader

    The government unveiled Monday an ambitious blueprint to make Britain a world leader in artificial intelligence to benefit financial services and other sectors, supported by pro-growth regulation.

  • January 13, 2025

    Tax Hikes Hit Business Confidence, UK Industry Chair Says

    The Labour government's decision to raise payroll taxes on employers in last year's budget has hurt business confidence, the chair of an influential British industry group said Monday.

  • January 13, 2025

    Credit Reference Firms Urged To Up Game On Cyberattacks

    The financial watchdog has told credit reference agencies and information providers to prevent cyberattacks better than they do now because they face potential digital threats as they accumulate more data. 

  • January 10, 2025

    Nottingham Forest Owner Can Continue Libel Claim

    Nottingham Forest Football Club owner Evangelos Marinakis can continue his libel claim against the chair of Greek team Aris after a London court ruled Friday that the claim "seems well worth bringing."

  • January 10, 2025

    Woman Who Laundered Bitcoin Fraud Proceeds Must Pay £3M

    A British-Chinese woman convicted for laundering bitcoin converted from an alleged £5 billion ($6.1 billion) investment fraud must pay £3.1 million or face an additional seven years in prison, a London court judge ruled Friday.

  • January 10, 2025

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

    This past week in London has seen legal services group RBG Holdings face a winding-up petition from founder Ian Rosenblatt amid soured talks about the group's leadership, J.P. Morgan file a fresh claim against WeRealize, retailer Asda face an intellectual property claim over a specific type of mandarin and financier Nathaniel Rothschild sue German entrepreneur Lars Windhorst and his investment vehicle Tennor International. Here, Law360 looks at these and other new claims in the U.K.

  • January 10, 2025

    Lawyer Cleared Of Dishonesty Over AML Compliance Failings

    A disciplinary tribunal on Friday cleared a lawyer of dishonesty over allegations that he misled an insurer and the English solicitors regulator about his lack of compliance with anti-money laundering regulations.

  • January 10, 2025

    Apple Showdown Starts 1st Wave Of Big Tech Class Actions

    Apple will become the first big technology company to go on trial under the U.K. collective action regime on Monday, facing a claim of abuse of dominance that could have significant consequences for several other class actions against tech giants including Google, Meta and Amazon.

  • January 10, 2025

    Sports Betting Company Challenges CMA Order To Sell Biz

    Sports betting company Spreadex has appealed against an order by the Competition and Markets Authority that it must sell a business it acquired in 2023 over concerns that a combined entity would harm the market for licensed online sports spread-betting.

  • January 10, 2025

    Broker Arian Hit With Fine For Cum-Ex Trade Failings

    The finance watchdog said Friday that it has fined broker Arian Financial LLP £289,000 ($354,000) for having inadequate systems and controls against financial crime in a cum-ex dividend trading case.

  • January 10, 2025

    NCA Has 'Pokers In The Fire' On Sanctions, Top Official Says

    The effectiveness of Britain's sanctions regime should not be judged solely by court victories, according to a top U.K. law enforcement official who said there are "unrealistic" expectations about the policing of sanctions imposed in response to the war in Ukraine.

  • January 10, 2025

    FCA Objects To Proposed Acquisition Of Payments Firm

    The financial watchdog said Friday that it has issued an objection to a proposed acquisition of a small payments firm, saying the buyer had demonstrated "a serious lack of professional competence."

  • January 17, 2025

    Fieldfisher Hires Disputes Pro From DWF In Birmingham

    Fieldfisher LLP has hired a new dispute resolution partner to its Birmingham office from DWF LLP, with the new arrival saying Friday that he is keen to work on high-value matters that are "unheard of" at other firms in central England.

  • January 10, 2025

    Investors Sue Ackland & Co. Over Negligent Property Advice

    A Welsh law firm has been sued by a group of individuals over alleged breaches of duty in connection with their failed purchases of property in a development in England that collapsed before the promised residential apartments were built.

  • January 09, 2025

    Ex-Yodel Director Denies Stripping Millions Off Courier

    A former director of Yodel has denied stripping over £4 million ($4.9 million) of the delivery company's assets for his own pocket under the pretext of a merger, claiming he had no involvement in money sent to a company he founded.

  • January 09, 2025

    UK Supermarkets Fear Higher Costs Amid Tax Changes

    Supermarket companies Marks & Spencer and Tesco reported Thursday that they had high sales figures due to Christmas, but both retailers also said they expect to face higher tax costs in 2025 due to changes to National Insurance, a payroll tax used to fund social programs.

Expert Analysis

  • Examining The State Of Paccar Fixes After General Election

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    Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

  • EU Reports Signal Greenwashing Focus For Financial Sector

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    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • GDPR 6 Years On: Key Points From EU Report

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    The European Commission’s recent report on the General Data Protection Regulation is clearly positive, concluding that it has brought benefits to both individuals and businesses, but stakeholders are still awaiting essential guidelines on scientific research and important business concerns remain, say Thibaut D'hulst and Malik Aouadi at Van Bael & Bellis.

  • Opinion

    Without Change, Fighting Fraud Is A Losing Battle For The UK

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    To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.

  • Embedding Consumer Duty: 6 Areas Firms Should Prioritize

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    The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.

  • 2 UK Rulings Highlight Persistent Push Payment Fraud Issues

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    Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.

  • Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling

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    The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.

  • What Labour Has In Mind For UK Data Protection Law Reform

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    The U.K.'s new Labour government is indicating that it will strengthen the country's cybersecurity regime, and introduce artificial intelligence legislation similar to that of the European Union, in an attempt to further reform data protection law and harness the power of data for economic growth, says Victoria Hordern at Taylor Wessing.

  • ECJ Cartel Damages Rulings Are Wins For Multinational Cos.

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    Two decisions from the European Court of Justice last month clarifying the limits of the single economic unit doctrine in cartel damages proceedings will help multinational companies anticipate and prepare for litigation within a narrower band of possible jurisdictions, say lawyers at Linklaters.

  • Takeaways From EU's 'Pay Or Consent' Advertising Probe

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    Anne-Gabrielle Haie and Charles Whiddington at Steptoe examine key points from the European Commission's recent investigation into Big Tech's use of "pay or consent" advertising models, as well as the European Data Protection Board’s opinion on how such models can comply with EU competition and data protection laws.

  • Why NCA's 1st Seizure Of Sanctioned Funds Is Significant

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    The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.

  • UK Judgment Could Change Anti-Money Laundering Regimes

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    After the Court of Appeal of England and Wales' determination that criminal property remains criminal property in the hands of its purchaser even if purchased at market value, many businesses could face a new or heightened risk of prosecution for criminality in their supply chains and related money laundering offenses, say lawyers at Macfarlanes.

  • Takeaways From First EU Foreign Subsidy M&A Investigation

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    The European Commission's recent investigation into Emirates Telecommunications' proposed acquisition of PPF Telecom is the first in-depth investigation of an M&A deal under the Foreign Subsidies Regulation, demonstrating that the regulation can have real consequences in practice that companies must consider at the outset of large transactions, says Matthew Hall at McGuireWoods.

  • Takeaways From New FCA Rules On Research Payments

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    The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.

  • How Digital Markets Act Will Enhance Consumer Protections

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    The Digital Markets Act represents a major shift in U.K. competition and consumer protection law by introducing a new regulatory regime for large digital firms, and by giving the Competition and Markets Authority broader merger investigation powers and a wider enforcement remit for online activities, say lawyers at Cooley.

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