According to the Office of National Statistics, fraud accounts for 40% of crime committed against individuals in England and Wales, making it the most common type of crime. If nothing is done, this figure is likely to increase. The Serious Fraud Office (SFO) is responsible for addressing high-level fraud and related offences. However, notoriously lacking […]
The Court of Appeal yesterday handed down judgment in an expedited appeal in complex committal proceedings. Peters & Peters’ client Mrs Nebahat İşbilen was respondent to the appeal brought by her one-time personal financier and trusted adviser, Mr Selman Turk, who had been sentenced to 12 months’ imprisonment in March 2024 following findings that he […]
The Serious Fraud Office (SFO) has launched a review of its cases after discovering issues with software used in evidence disclosure. According to the Financial Times, the agency has told the defendants in all affected cases about the issues, which affected its ability to search for relevant terms of evidence. It added that a solution […]
Earlier this month, the Serious Fraud Office (SFO) published its new strategy for the next five years. This follows on from Nick Ephgrave’s promise of a bold new approach in his inaugural public address as director of the SFO. However, scratch the surface and much of the content and rhetoric in these recent pronouncements has […]
Peters & Peters has recently been instructed to act for the NHS in long-running litigation against the Danish pharmaceutical company Lundbeck and several others. The claims arise from the European Commission’s 2013 decision that Lundbeck and the other defendants infringed European competition law by entering into ‘pay for delay’ agreements under which generic producers and […]
Head of International Keith Oliver and Legal Researcher Caroline Timoney have contributed a chapter to CDR: Essential Intelligence – Fraud, Asset Tracing & Recovery 2024, which has just come out. The guide offers an update on the legislative, regulatory and enforcement developments across 17 key jurisdictions, as well as expertise on current trends and issues […]
What were the key learning points from last year for sanctions lawyers and businesses that want to comply with sanctions measures? In this article for LexisNexis Corporate Crime analysis, Diana Czugler reviews some of the key developments from 2023, including areas that stayed in the limelight, sectors that have come into focus, which country has […]
On 2 April, in a significant victory for Peters & Peters’ client Mr Akintunde Giwa, the High Court held that Mr Giwa was entitled to summary judgment in the sum of Nigerian naira 7,914,209,196.50 (about £4.7 million) against JNFX Limited (a London-based foreign exchange and payment services provider) and its agent Mr Mervyn in respect […]
Earlier this month a criminal trial started that will be of great interest to tax authorities all over the world. The trial involves British fund trader Sanjay Shah, who has been charged along with eight other British and US citizens, over so-called ‘cum-ex’ schemes. Denmark is alleging that the fraud cost it 12.7 billion Danish […]
The High Court has this week found in favour of Peters & Peters’ client Mrs Nebahat İşbilen in committal proceedings initiated against her one-time personal financier and trusted adviser, Mr Selman Turk. As a result, Mr Turk has been sentenced to 12 months’ imprisonment. This is the latest development in long-running fraud proceedings brought by […]
