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Corporate Crime & Compliance UK
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October 09, 2025
BAE Suppliers Deny Selling Faulty Parts In £11.5M M&A Row
The former owners of an aerospace component maker that supplied BAE Systems has denied knowingly selling faulty parts as it fights the new owner's claim for an £11.5 million ($15.3 million) refund after an acquisition.
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October 09, 2025
Richard Desmond Wants £1.3B Over National Lottery Award
A group owned by former publishing magnate Richard Desmond alleged Thursday at the trial over its £1.3 billion ($1.7 billion) claim that the U.K. gambling regulator had made "manifest errors" in the process of awarding the National Lottery license.
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October 09, 2025
Banks Warn Of Extra Hit Over Car Loan Finance Scandal
Lloyds and Close Brothers both warned on Thursday that they are reviewing whether they need to allocate extra cash to compensate U.K. motor finance customers, days after the City watchdog disclosed a planned redress program for the mis-selling scandal.
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October 08, 2025
Senior Managers At Risk In FCA's £8B Motor Finance Plan
The Financial Conduct Authority's proposed £8.2 billion ($11 billion) car finance redress scheme would force senior managers of lenders to put their heads on the block by attesting that they have adequate systems to identify customers for compensation, with wrong decisions risking enforcement action by the regulator, lawyers have warned.
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October 08, 2025
Tobacco Co. Made Timely Tax Refund Claims, UK Court Rules
A British tobacco company didn't wait too long to seek repayment of taxes it mistakenly paid on foreign dividends, a U.K. appeals court ruled Wednesday, rejecting HM Revenue & Customs' contention that the claims were time-barred.
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October 08, 2025
CPS Has Immunity Over Victim Address Leak In Court
A London appeals court ruled Wednesday that the Crown Prosecution Service is immune from a claim by a domestic abuse victim after its advocate inadvertently revealed the victim's new address to her abusive ex-partner in court.
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October 08, 2025
Tech Biz Says Former Exec Lied About CEO's Links To Russia
A technology company has accused a former executive in a London court of targeting its CEO with a smear campaign about his alleged ties to Russian special services and organized crime networks.
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October 08, 2025
'Finfluencers' Have To Wait Until 2027 For Trial
Three men charged with advertising unauthorized investment opportunities in foreign exchange markets on social media will have to wait at least until late 2027 for their trials, a London judge said Wednesday.
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October 08, 2025
Christie's Denies Hiding Picasso Crime Links In £14.5M Case
Christie's auction house has denied concealing the fact that a Picasso had been owned by a drug trafficker when it persuaded an art collector to bid £14.5 million ($19.5 million) for the painting.
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October 08, 2025
Ex-Yellow Pages CFO Wins Costs In Baseless £1B Fraud Case
A London court has ruled that the former finance chief of Yellow Pages should have his costs covered in both criminal and review proceedings stemming from a private prosecutor's unfounded allegations that the boss oversaw a £1 billion ($1.3 billion) fraud.
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October 08, 2025
Top Prosecutor Blames Gov't For Collapse Of China Spy Trial
Prosecutors dropped criminal charges against two men accused of spying for China because the government did not offer evidence that Beijing was a national security threat, according to the U.K.'s top prosecutor.
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October 07, 2025
Wine Co. Exec Cops To Wire Fraud Conspiracy In $99M Scam
A United Kingdom wine company executive pled guilty to wire fraud conspiracy in New York federal court Tuesday in a criminal case accusing him of scamming investors out of $99 million after persuading them to make loans using wine collections as collateral.
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October 07, 2025
Ex-IT Exec Sues His Lawyers After Losing Hacking Case
A former chief technology officer has sued the law firm that represented him in civil proceedings against his ex-employer following his conviction for hacking their computer systems, accusing the law firm of breaching its duties by refusing to pursue an appeal argument.
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October 07, 2025
FCA Says Lenders Will Pay Out £8B For Motor Finance Scandal
The Financial Conduct Authority released a proposed industry-wide program under consultation on Tuesday to compensate motor finance customers treated unfairly between 2007 and 2024, which it estimates will pay out £8.2 billion ($11 billion) in redress.
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October 07, 2025
Class Reps Vie To Bring Rival Ad-Price Claims Against Google
A former judge and a competition law scholar on Tuesday fought to bring rival multibillion-pound class actions against Google over allegedly unfair advertising pricing practices, each arguing at a London tribunal that they would be the better candidate to take on the tech giant.
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October 07, 2025
Nick Candy Admits Looking Stupid Over Alleged €5M Fraud
Property entrepreneur Nick Candy admitted that he "looks stupid" after being allegedly deceived by a dotcom-era investor into putting money in a failed social media startup, as he gave evidence on the first day of a €5 million ($5.8 million) trial.
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October 07, 2025
KPMG Fined By FRC For 'Serious' Failings In Audit Of Retailer
The accounting watchdog said Tuesday that it has hit KPMG and one of its partners with a £711,000 ($952,000) fine for "serious" failings in an audit of an online retailer — the latest in a series of penalties imposed by the regulator.
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October 06, 2025
SFO Stands By Ex-Deutsche Bank Trader's Fraud Conviction
The Serious Fraud Office said Monday that the conviction of a former Deutsche Bank AG trader for conspiring to rig a benchmark interest rate remains safe even after the U.K.'s highest court overturned similar cases of two former bankers earlier this year.
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October 06, 2025
London Casino Loses Dispute Over VAT Base Method
HM Revenue & Customs used the correct method for calculating the value-added tax base of a casino, a London court ruled Monday, rejecting the casino's arguments for the use of a special method that would have allowed it to recover more input VAT.
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October 06, 2025
Carter-Ruck Pro Can't Get Info On SRA OneCoin Investigation
A Carter-Ruck partner who threatened to sue a whistleblower who exposed the multibillion-dollar OneCoin crypto-scam failed to convince a tribunal Monday to order the Solicitors Regulation Authority hand over information about the decision to press on with her prosecution.
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October 06, 2025
Regulators Crack Down On Misleading Motor Finance Ads
The Financial Services Authority said Monday it has joined forces with the Solicitors Regulation Authority and other watchdogs to stop misleading advertising by claims management companies and law firms working on motor finance claims.
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October 06, 2025
Qualcomm Accused Of Driving Up Phone Prices At £480M Trial
British consumer group Which told a London tribunal that Qualcomm drove up Apple and Samsung phone prices by threatening to cut component supply in patent license negotiations, kicking off the trial of its £480 million ($655 million) case on Monday.
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October 06, 2025
Lloyds Pushes To Slash £1.3B Arena TV Fraud Claims To £50M
Lloyds Bank PLC and its Bank of Scotland PLC subsidiary sought at a London court hearing on Monday to slash "extravagant" claims worth a combined £1.3 billion ($1.7 billion), brought by failed broadcast equipment companies at the center of fraud allegations.
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October 06, 2025
Linklaters Fails To Toss Fintech Investor's Negligence Case
Linklaters lost an attempt on Monday to strike out a claim brought by a financial technology investor that the Magic Circle firm had negligently failed to spot a "large-scale fraud" against a company that the investor had acquired.
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October 06, 2025
Former Petrobras Exec's $7.7M Asset Fight Delayed To 2026
The challenge brought by a former Petrobras executive to the seizure from him by the Serious Fraud Office of $7.7 million will continue in 2026 to allow additional information about related Brazilian proceedings to be gathered, a London court ordered on Monday.
Expert Analysis
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Rising To The Task Of Online Safety Act Compliance
The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith.
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Google Win Illustrates Hurdles To Mass Data Privacy Claims
The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal.
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What To Know About FCA's UK Listing Rules Proposal
A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.
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Issues To Watch At ABA's Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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New UK Short Selling Rules Diverge From EU Regs
Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.
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How New EU Product Liability Directive Will Affect Tech And AI
While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.
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What Latest FCA Portfolio Letter Means For Payments Firms
Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.
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ECB Guide Targets Harmonized Cyber Testing Approach
The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.
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Court Backlog Could Alter Work Safety Enforcement Priorities
While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.
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New CMA Powers Will Change Consumer Protection Regime
The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.
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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.