Articles - DAC Beachcroft

Articles

Financial Services

Banking & Finance Further News and Updates

Banking & Finance Further News and Updates

For a summary of other recent updates including: the new director of SFO, Investigations of Lloyds bank and KPMG over HBOS fraud, additional charges a ...

FCA Fines Canara Bank for Serious AML failings relating to its trade finance activities in the UK

FCA Fines Canara Bank for Serious AML failings relating to its trade finance activities in the UK

On 6 June 2018, the FCA published its Final Notice explaining the grounds upon which it fined Canara Bank £896,100 and imposed a restriction on it acc ...

Private prosecution for Conspiracy to Defraud results in conviction and 8 year sentence: the case for Private Prosecutions

Private prosecution for Conspiracy to Defraud results in conviction and 8 year sentence: the case for Private Prosecutions

On 11 June 2018, Paul Sultana was sentenced to 8 years' imprisonment and disqualified from acting as a director for seven years following a prosecutio ...

SFO investigations - D&O insurers counting the cost

SFO investigations - D&O insurers counting the cost

In October 2016 we reported the charges that the SFO had brought against three former Directors of Tesco in response to Tesco's £250m accounting scand ...

SMEs face increase in data protection and privacy claims

SMEs face increase in data protection and privacy claims

It is well publicised that there has been an upward trend of data protection and privacy claims in recent years. This is due in part to an increase in ...

Bridging the gap between the SIMR and SM&CR

Bridging the gap between the SIMR and SM&CR

The Senior Managers and Certification Regime (SM&CR) aims to create a culture of accountability and responsibility within regulated firms and to a ...

Instant Access Properties Limited (in liquidation) v Bradley Rosser and Others [2018] EWHC 756 (Ch)

Instant Access Properties Limited (in liquidation) v Bradley Rosser and Others [2018] EWHC 756 (Ch)

In a judgment handed down on 13 April 2018, Morgan J entirely dismissed a claim for £35m made against the former directors (and alleged shadow/de fact ...

The rights of third parties in criminal and regulatory proceedings

The rights of third parties in criminal and regulatory proceedings

Criminal prosecutors and financial regulators in the UK now increasingly aggressively pursue criminal prosecutions and regulatory enforcement in the c ...

A favourable decision on litigation privilege and regulatory investigation - ENRC reconsidered in Bilta

A favourable decision on litigation privilege and regulatory investigation - ENRC reconsidered in Bilta

In the recent decision of Bilta (UK) Ltd (in Liquidation) v RBS, the English High Court revisited the issue of whether documents created in the course ...

Collective redress takes another step forward

Collective redress takes another step forward

More than two years on since English law introduced opt-out collective actions for infringements of competition law, we are still waiting for a case t ...