INTRODUCTION On 30 April 2020, the High Court in Andrew Cole & Ors v Scion Limited & Ors dismissed an application for summary judgment brought by Carpenter Rees Limited, the Third Defendant, on the grounds that the Claimants had demonstrated reasonable prospects of success in proving that their claims were not statute-barred. The judgment, available here, offers a […]
INTRODUCTION On 30 April 2020, the High Court in Andrew Cole & Ors v Scion Limited & Ors dismissed an application for summary judgment brought by Carpenter Rees Limited, the Third Defendant, on the grounds that the Claimants had demonstrated reasonable prospects of success in proving that their claims were not statute-barred. The judgment, available […]
Partner Anna Bradshaw comments on the fine imposed in 2019 on Standard Chartered Bank by the Financial Conduct Authority (FCA) for breaches in connection with its UK correspondent banking operation and governance of foreign branches. Her quotes are included in an annual survey of anti-money laundering and sanctions enforcement by MoneyLaundering.com, a publication of the Association of […]
Peters & Peters are lead counsel for a senior Abu Dhabi official in the global investigations concerning allegations of corruption stemming from high-level government figures in Malaysia and Abu Dhabi. It is alleged that our client conspired with individuals in Malaysia to defraud the Malaysian public in a series of billion dollar bond issues. Investigations […]
The idea of criminalising corporates for ‘failing to prevent’ financial misfeasance has, in recent years, been put forward as a cure-all for tackling economic crime; however, it remains unclear whether such an approach would be viable, or indeed desirable, in the context of market abuse. Careful consideration needs to be given to the existing FTP […]
Our client is a former senior executive of Barclays Investment Bank and was a defendant (formerly alongside Barclays itself and three other former executives, and latterly alongside two other former executives only) in the SFO’s landmark prosecution based on payments made by Barclays to a Qatari sovereign wealth fund and the Prime Minister of Qatar. […]
Peters & Peters acts for the Hungarian national oil and gas company, MOL, which in 2009 entered two agreements with the Republic of Croatia concerning the management of the Croatian national oil and gas company, INA. Croatia subsequently alleged that the agreements had been procured as the result of a bribe which it claimed MOL […]
Financial crime is one of the biggest threats facing the global economy. The 2019 Crime Survey for England & Wales indicated that 3,863,000 fraud offences were committed last year alone, with a high number of cases also unreported. The sheer volume presents law enforcement authorities with an impossible burden were they to investigate and prosecute every offence. […]
We act for one of two individuals prosecuted for insider dealing by the FCA in their only such prosecution since 2016. The co-defendant was a former executive in the compliance team at a major international bank. The prosecution’s case was that our client made £1.4m by trading on inside information received from his co-defendant, which she obtained from the bank’s computer system […]
In 2015, Bill Gates gave a Ted Talk on the biggest threat to the human population. Not a war. But a virus. Today, we live out this prediction. In 2018, Bill Gates’ company, Microsoft, was the first tech giant to warn of another threat to our way of life: facial recognition technology. Without proper regulation, […]
