BNP Paribas climate case could prompt wider litigation against banking sector
April 12, 2023
In February, three French NGOs, Friends of the Earth France, Notre Affaire à Tous and Oxfam France, launched proceedings in France against BNP Paribas, Europe’s largest bank, in connection with its financing of fossil fuel polluters and thus failing to comply with its obligations under the French corporate duty of vigilance law, which came into […]
Coming soon to the UK: sweeping corporate criminal liability reforms?
March 30, 2023
Traditionally, in England and Wales, a firm could be found guilty of some economic crimes only if its “directing mind and will” had been involved in the offense. This is the so-called identification doctrine. However, amendments to the Economic Crime and Corporate Transparency Bill are currently making their way through Parliament could change this. In […]
Crypto regulation – where are we now?
March 27, 2023
Last month, HM Treasury released a report on cryptoassets, in which it proposed a new, comprehensive regulatory regime. In this article for Business Reporter, Neil Swift, James Tyler and Michal Chajdukowski review the government’s plans to regulate the crypto sector. They discuss the timings of, and background to, the proposals, what key protections the new […]
ESG: a load of old greenwash?
March 23, 2023
Transition to net zero in the UK and in many other jurisdictions relies heavily upon consumer and investor pressure, combined with environmental social governance (ESG) disclosure requirements. While there are some sectors of the economy which are well placed to deliver in this regard, the development sector being one, there is a Wild West elsewhere, […]
Peters & Peters advises Boris Johnson at Parliamentary Privileges Committee
March 23, 2023
Peters & Peters lawyers were at the eye of the storm yesterday assisting former Prime Minister Boris Johnson in his appearance for questioning at the UK Parliament’s Privileges Committee which is investigating allegations that he misled Parliament over the so-called “Partygate” events at 10 Downing Street during Covid lockdowns in 2020 and 2021. Peters & […]
“Greenwashing” – CMA investigations are not going away
March 22, 2023
With more businesses using sustainability as a marketing tool, in a bid to attract environmentally aware consumers or to secure investment in environmental, social and governance (ESG)-related funds, it was only a matter of time before “green” or “eco-friendly” claims would attract the regulators’ attention. In July 2022, the UK Competition and Markets Authority (CMA) […]
Fraud, bribery and corruption in sport – will rugby take the mantle in 2023?
March 21, 2023
Fraud, bribery and corruption (FBC) in sport are nothing new. INTERPOL notes that criminal offences in sport “are a way for organized syndicates to generate high profits and launder their illegal proceeds, with limited risk of detection”. In recent times, the spotlight has been on sports with circular balls, with a host of scandals rocking […]
‘The Big Cases’ – Anna Bradshaw on the BBC
March 20, 2023
In the Spring of 2020, Eleanor Williams, a young girl from Barrow-in-Furness, in Cumbria, published pictures on social media of her alleged injuries, claiming she had been the victim of an Asian grooming gang. The allegations sent shockwaves through her community, even leading to social unrest and incidents of hate crime. However, Police investigations showed […]
Time to whistle another tune?
March 20, 2023
The UK’s approach to whistleblowing needs reforming. Currently, the Public Interest Disclosure Act 1998 (PIDA) offers the only legislative “protection” for those reporting wrongdoing. However, this is limited to employment situations, such as speaking out against an employer, and offers no protection to those raising concerns about clients, suppliers, contractors and other parties. Self-employed workers […]
Synesis: High Court dismisses first de-listing case under the UK’s sanctions regime
March 15, 2023
On 14 March 2023, Mr Justice Jay handed down judgment in LLC Synesis v Secretary of State for Foreign, Commonwealth and Development Affairs  EWHC 541 (Admin). The case is the first to come before the UK courts under the Court Review provision under section 38 of the Sanctions and Anti-Money Laundering Act 2018 (SAMLA). […]