Three former executives at G4S will face trial in January 2022 on charges brought by the Serious Fraud Office in its investigation of a scandal over the security company's electronic tagging of offenders.
The European Union's top court on Tuesday rejected an Iranian bank's bid for €121 million ($142 million) in damages from the EU after its funds were frozen under nuclear sanctions that were later overturned on appeal.
Switzerland's financial watchdog said on Tuesday that Banca Credinvest must end its relationships with Venezuelan clients after it found that the Swiss lender had seriously breached anti-money laundering rules when handling their cash.
The Financial Conduct Authority said on Tuesday that the sale to retail customers of all derivative products linked to crypto-assets will be banned from January after it found that the risky assets can cause serious harm to investors.
Britain's antitrust watchdog has warned a Northern Irish bank over its failure to comply with competition laws by forcing small and midsized business customers to open current accounts with the lender as a condition for applying for a loan.
A New York journalist is being ordered to unmask a confidential source who provided him with a forged police report relating to the arrest for suspected sexual assault of a billionaire venture capitalist who became famous for helping to fund Uber.
A European Union court ruled on Monday that the bloc's antitrust watchdog did not have enough evidence to back up some of its raids of French supermarket groups suspected of teaming up to buy products, but rejected the rest of the retailers' challenge to the searches.
A New York federal judge signed off Monday on a nearly $22 million settlement between five major banks and a class of indirect investors that accused them of manipulating the Libor benchmark.
A proposal to simplify how the U.K. claws back money from convicts is a step in the right direction to reforming an onerous, "draconian" system, but unless more radical changes are made, defendants will be trapped in a cycle of debt and prison, attorneys say.
Billionaire Mike Ashley's sporting goods retail chain cannot claim litigation privilege to avoid handing over to the U.K. audit authority three reports prepared for it by Deloitte LLP, a judge said on Monday.
Two foreign exchange agents have been banned from running a company for a total of 24 years after they misappropriated over £8 million ($10 million) of client money to pay back previous customers instead of investing the cash in trades, a government agency said Monday.
Europe's antitrust enforcer accused food company Conserve Italia on Monday of running a cartel to fix prices for canned vegetable sales, more than a year after settling with three other processors for €31.6 million ($37.2 million).
A fugitive businessman convicted of money laundering in Britain's largest-ever insider trading case should return £1.6 million ($2.1 million) or have eight years added to his prison sentence, a court ruled on Monday.
Companies hoping to join Germany's blue-chip DAX index face tougher membership criteria under reforms proposed by Deutsche Börse on Monday, after Wirecard collapsed and had its listing struck from the exchange because it revealed a €1.9 billion ($2.2 billion) hole in its accounts.
A judge ordered the Royal Bank of Scotland to pay £60 million ($77.7 million) in damages, interest and legal fees after concluding that two former carbon credit traders ignored and then tried to cover up a massive value-added tax fraud scheme.
The U.S. Department of Justice found no competition problems in its review of a plan by the International Swaps and Derivatives Association to help prepare for the potential discontinuation of certain interest rate benchmarks, such as the Libor.
The amount of funds the U.K. has frozen under its local counter-terrorism asset freezing regime has fallen from £39,000 ($51,000) in 2015 to £9,000 this year, which a terror financing expert says is in part due to "savvy" terrorists using various methods to evade the mainstream financial system.
This past week in London has seen a U.K. insurance technology company take aim at KPMG after an acquisition went south, grocer Ocado Group slapped with a patent infringement claim, and Puma and Nike prepare for a sneaker showdown. Here, Law360 looks at those and other new claims in the U.K.
The Financial Conduct Authority has told insurance brokers that hold their clients' money with third parties based in the European Union to ensure that this cash is not at risk as the end of the Brexit transition period draws nearer.
Denmark's tax authority has denied asking HM Revenue & Customs to help recover taxes allegedly taken from the Danish government in a $1.9 billion ($2.2 billion) trading fraud, saying in court documents that it is seeking financial compensation for civil wrongs — not to recoup lost revenues.
Europe's markets watchdog has said that it will decide whether the U.K.'s trading venues qualify for relief from reporting rules after Brexit, in a move that will encourage investment banks to trade derivatives in Britain after the transition period ends in December.
The Competition and Markets Authority has until the new year to get ready to become the United Kingdom's sole antitrust enforcer, but the CMA isn't waiting until it transitions out of the European Union to buff up its capabilities and stamp its imprint on international mergers.
A judge barred a Saudi Arabian lender on Friday from obtaining an expert legal opinion on securities law ahead of a trial that could force the bank to account for $318 million siphoned from an investment company by a former billionaire.
Simon Twigden, senior partner and co-founder of Enyo Law LLP, talks to Law360 about his practice, the process of starting his own firm and his love of international arbitration.
A judge has extended the deadline for the Serious Fraud Office to turn over documents to Eurasian Natural Resources Corp. in the mining company's misconduct lawsuit, but criticized the agency for missing the target, saying its explanation for why it was running behind "beggars belief."
The U.K. National Crime Agency's newly announced strategy of utilizing account freezing, recovery orders and unexplained wealth orders against drug traffickers is arguably misconceived and possibly more of a money-grabbing exercise than anything else, says Jemma Sherwood-Roberts of Corker Binning.
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
U.K. enforcement agencies are growing more comfortable in utilizing unexplained wealth orders and undertaking the complex investigations that follow, but the vast majority of international businesses and private clients in the U.K. with wealth situated overseas should not fear that UWOs will be used against them, says Zoya Burbeza of Zaiwalla & Co.
As shown by the recent acquittal of three Sarclad employees connected to the Serious Fraud Office's Sarclad deferred prosecution agreement, such agreements are not well suited for holding individuals accountable, but introducing a new form of DPAs specifically for individuals would be a step in the right direction, say Ian Hargreaves and Deirdre Lyons Le Croy of Covington.
The European Commission's fine against Canon is one of several recent examples of competition law enforcement that should remind merging companies to carefully assess their actions at the crossroads between permissible preparatory measures and premature transaction implementation, says Andrea Pomana of Debevoise & Plimpton.
The U.K. Fraud Advisory Panel's recent report about unchecked domestic corruption is justified to an extent, but it may be too harsh to make a blanket condemnation of U.K. enforcement agencies' approach to tackling economic crime, says Syedur Rahman of Rahman Ravelli.
Recent cases involving major technology companies and their acquisition of smaller firms have called international attention to the adequacy of competition policy frameworks, and recent proposals in Europe and Australia reveal the onset of an interventionist approach from regulators, say analysts at Cornerstone Research.
The Global Forestry Investments case's progression, from the Insolvency Service's involvement to recent charges by the Serious Fraud Office, indicates that those responsible for serious financial losses may face criminal prosecutions in addition to regulatory penalties, says Maria Theodoulou of Stokoe Partnership Solicitors.
In Europe, evaluating the risk of launching an artificial intelligence system trained by tainted data can be challenging, but identifying the relevant rights, possible sanctions and whether the issue is ongoing can put lawyers well on their way to understanding the risk profile, say Toby Bond and Nick Aries of Bird & Bird.
The U.K. Commercial Court's recent decision on arbitration jurisdiction in Minister of Finance v. International Petroleum Investment makes clear that the court will not unnecessarily interfere with arbitration proceedings, but it will be ready to intervene where appropriate, say Ioannis Alexopoulos and Nikoletta Beneki of Signature Litigation.
A record $230 million General Data Protection Regulation fine issued to British Airways by the U.K. Information Commissioner’s Office shows just how far the GDPR is meant to reach and that not having a robust information technology security program is no longer an option, say Cynthia Cole and Sarah Phillips of Baker Botts.
Since deferred prosecution agreements were introduced in 2014, the Serious Fraud Office has initiated five DPAs that have received formal declarations from the court. Opinions are divided as to whether these agreements improve long-term compliance or allow corporates to pay their way out of prosecution, says Perveen Hill of BDB Pitmans.
The Second Circuit's decision in United States v. Boustani correctly identifies the dangers of a "two-tiered" bail system, but the proper solution is to make bail more accessible to everyone, not to fewer people, says Alexander Klein of Barket Epstein.
A recent Cayman Islands case, Ennismore v. Fenris, sheds light on the process for assessing how much plaintiffs should pay to defendants if they called for a pretrial injunction that the court later finds should not have been granted, say Nicola Roberts and Laura de Heer of Harney Westwood.