Financial Crime and Corruption By Jonathan Brogden Topical news and thought leadership on issues relating to economic crime, money laundering, bribery and corruption.
Credit Suisse emergency rescue – lawsuits threatened after USD 17 billion Co-Co writedown By William Allison Following weeks of turmoil within Credit Suisse, which saw a massive fall in share prices and investor confidence, UBS has agreed an emergency takeover of the Swiss banking giant. The Swiss regulator FINMA announced on Sunday (19 March 2023) that,…
D&O and FI Newsletter - Spring 2022 By Francesca Muscutt DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and contacts Informed Insurance delivers fresh thinking on hot topics across the full spectrum of insurance risks and our global locations. Visit …
Living with COVID-19 – implications for employers and EPL claims By Louise Bloomfield The Government has announced its plans to remove the remaining coronavirus (COVID-19) legal restrictions in England and has set out it plans in Living with Covid. Nicola Sturgeon has also unveiled plans for Scotland, which include an end to…
The Economic Crime (Transparency and Enforcement) Act 2022 (“ECA”) – What You need to know (1) By Jonathan Brogden The ECA, designed to make it easier and quicker to impose sanctions and identify and trace illicit wealth, received royal assent on 15 March 2022.
What do record number of insolvencies mean for D&O insurers? By Graham Briggs Company insolvencies have recently hit a record high and are on an upward trend in the aftermath of the COVID-19 pandemic. This means that we are likely to see an increase in claims against directors, especially in light of new legislation that…
Greenwashing and Financial Services – getting ahead of the rising tide By Annabel Walker The UK government aims to cut emissions and reach net-zero by 2050. The financial services sector forms a key part of the government’s strategy to achieve these goals, which will need a significant shift towards investment in sustainable projects…
Directors beware! The activists are on to you By John Bramhall ClientEarth has issued a letter of claim against 13 of Shell’s executive and non-executive directors alleging that a failure to properly prepare for net-zero puts them in breach of their legal duties.
Re JD Group Ltd [2022] EWHC 202 (Ch) (03 February 2022) By Daniel Woodruff A director has been found liable in the High Court for fraudulent trading as a result of failing to carry out proper due diligence in a series of transactions which were found to be part of a VAT fraud scheme. The claim was brought against the…
Lloyd v Google - What next for representative Class Actions? By William Allison The Supreme Court, in its long-awaited decision in Lloyd v Google, unanimously overturned the decision of the Court of Appeal and refused Mr Richard Lloyd’s request to proceed with a class action on behalf of all iPhone users in the UK against…
The evolving litigation risk for multinational companies By Graham Ludlam In the last 12 months, we have seen a marked increase in the number of shareholder claims that are being pursued. This phenomenon is not limited to traditional securities claims in the US, but is something that is happening in multiple…