Serious Fraud Office | ENRC Suing for Alleged Misfeasance in Public Office
On Monday 24 May 2021 the High Court heard evidence that the Serious Fraud Office (SFO) encouraged Neil Gerrard a former partner of the law firm Dechert to leak confidential information about his client whilst it was the subject of an investigation. SFO Investigation | Rosenblatt’s Financial Crime Team A lawsuit against Dechert and the Serious Fraud Office (SFO) launched […]
Read MoreShould Authenticity Replace Diversity as the Focus of Diversity and Inclusion Groups?
I was recently considering the similarities between what happens in a secondary school environment and how this can play out in the workplace more than a decade later. What can workplaces learn from schools and what type of values and conduct should parents and society seek to embed in and expect of young people, so that respectful, tolerant, and inclusive […]
Read MorePrivate Prosecutions | Statutory Inquiry Announced into the Post Office Scandal | Rosenblatt’s Financial Crime Team
The government has acceded to calls to put the inquiry into the Post Office scandal on statutory footing. Although, many questions are likely to be left unanswered for the wrongfully convicted sub-postmasters. Private Prosecutions | Rosenblatt’s Financial Crime Team This article is one in a series we have written on this case, with our latest one questioning the lawyers’ involvement […]
Read MoreRosenblatt’s and Grant Thornton’s Financial Crime Resilience Series: All Sessions Recordings
Rosenblatt‘s and Grant Thornton‘s financial crime resilience series provided a deeper understanding of the most pressing financial crime issues facing firms today, including the cyber threat to UK business. To recap or catch up on any of the topics covered in this series, watch the webinars on-demand below: https://www.grantthornton.co.uk/en/insights/financial-crime-resilience-event-series/
Read MoreBig Shake Up On the Way for Retail Financial Providers as FCA Consults on a New Consumer Duty Principle
On 14th May 2021, the Financial Conduct Authority (“FCA”) published a consultation paper (CP21/13) setting out its proposals for a new consumer duty to be imposed on FCA regulated firms. This new duty will, if implemented, necessitate a big shake up in the way firms market, sell and price their financial retail products. This new FCA initiative is in part […]
Read MoreCOVID-19 | Roadmap: 17 May | Rosenblatt’s Financial Crime Team
Monday 17 May 2021 marks the further easing of COVID-19 restrictions in England, Wales and parts of Scotland. Millions can now socialise indoors in small groups, hug loved ones and visit pubs and restaurants again. The ban on foreign travel has also been lifted with many venturing abroad for the sunshine. COVID-19 Update | Rosenblatt’s Financial Crime Team Up to […]
Read MoreSerious Fraud Office | GFG Alliance and Greensill Capital UK Limited | Rosenblatt’s Financial Crime Team
On 14 May 2021, the Serious Fraud Office (SFO) announced that it had launched an investigation into Sanjeev Gupta’s steel empire putting David Cameron at risk of being drawn into the fraud inquiry. SFO Investigation | Rosenblatt’s Financial Crime Team The business empire of Liberty Steel owner Sanjeev Gupta, Gupta Family Group Alliance (GFG), is facing an investigation by the […]
Read MoreCourt Upholds Claim for Breach of Non-Solicitation Covenant in Shareholders’ Agreement | Rosenblatt’s Corporate Team
Summary In this article, we consider the recent judgment of Joanne Wicks QC In the matter of Score Draw Limited1, which concerned a claim for breach of a non-solicitation covenant in a shareholders’ agreement. Background The case concerned the supply of retro football shirts. Score Draw Limited (“Score Draw”) is a retailer and wholesale supplier of retro football shirts. Prior […]
Read MoreEU Authorises Negotiations for EU-UK Competition Co-operation Agreement
The EU Commission has negotiated a number of international competition co-operation agreements with third countries which allow, amongst other things, for the exchange and use of confidential information in competition and merger control cases. It has previously signed agreements with the US (1991), Canada (1999), Japan (2003), South Korea (2009) and Switzerland (2013). Now that the UK has left the […]
Read MoreHMRC Arrests Over Suspected £3.4m Furlough Fraud | Rosenblatt’s Financial Crime Team
Two people have been arrested over a suspected £3.4m furlough scheme fraud. Furlough Fraud | Rosenblatt’s Financial Crime Team A man, 35 and a woman, 36 from Bradford were interviewed in relation to a suspected multi-million-pound tax fraud. HM Revenues & Customs (HMRC) have frozen more than £6m held in bank accounts controlled by the pair. This comes after HMRC’s […]
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