High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

White collar specialists scramble in landmark prosecution

White-collar crime specialists have scrambled across the City as the Serious Fraud Office (SFO) last month charged Barclays and four former executives with conspiracy to commit fraud, false representation and unlawful financial assistance in arranging a £7.3bn Qatar funding deal at the height of the 2008 financial crisis.

Continue reading “High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution”

‘Should be the end of the proposal’: Queen’s Speech reprieve for SFO as abolition move recedes

‘Should be the end of the proposal’: Queen’s Speech reprieve for SFO as abolition move recedes

Theresa May’s Conservative manifesto pledge to subsume the Serious Fraud Office (SFO) into the National Crime Agency (NCA) was absent from June’s Queen’s Speech, with lawyers welcoming the prospect of the merger being shelved.

The speech, outlining the next two years’ statutory agenda, instead introduced a UK repeal and a customs bill and related European legislation to replace the EU’s customs regime, the world’s largest by economic output.

Continue reading “‘Should be the end of the proposal’: Queen’s Speech reprieve for SFO as abolition move recedes”

Cleary, CC and Covington lead as EC fines Google €2.4bn for online shopping abuse of dominance

Cleary, CC and Covington lead as EC fines Google €2.4bn for online shopping abuse of dominance

Google illegally favoured own online shopping comparison service, demoting rivals

On 27 June, the European Commission (EC) fined Google a record €2.4bn for abuse of dominance in online shopping comparison search, paving the way for a raft of damages claims.

Continue reading “Cleary, CC and Covington lead as EC fines Google €2.4bn for online shopping abuse of dominance”

‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures

‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures

The Solicitors Disciplinary Tribunal (SDT) has struck off former Clyde & Co senior associate Rajpal Ahluwalia from the roll and ordered him to pay over £41,000 in costs after a series of failures starting in 2013, when he omitted to file a client’s defence.

The June judgment followed a 9-11 May hearing, at which Ahluwalia admitted failing to ensure that a client’s defence in 2013 was filed in good time, resulting in default judgment and £500,000 damages and costs.

Continue reading “‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures”

‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures

‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures

The Solicitors Disciplinary Tribunal (SDT) has struck off former Clyde & Co senior associate Rajpal Ahluwalia from the solicitor’s roll and ordered him to pay over £41,000 in costs after a series of failures starting in 2013 when he omitted to file a defence in a client’s case.

Continue reading “‘Cavalier’: former Clyde & Co litigator struck off roll after string of misleading failures”

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

City white-collar crime specialists have been drafted in as the Serious Fraud Office (SFO) today (20 June) charged Barclays and four former executives with conspiracy to commit fraud, false representation and unlawful financial assistance in arranging a £7.3bn Qatar funding deal at the height of the financial crisis – the first such prosecution of a bank.

Continue reading “High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution”

‘Fundamentally different’: MasterCard and Visa to face new £300m UK retailers’ interchange fee claims

‘Fundamentally different’: MasterCard and Visa to face new £300m UK retailers’ interchange fee claims

Humphries Kerstetter has launched a series of new £300m competition damages claims against MasterCard and Visa, on behalf of a group of 27 UK high street companies including betting firms, online retailers and a major supermarket.

Continue reading “‘Fundamentally different’: MasterCard and Visa to face new £300m UK retailers’ interchange fee claims”