en-auhttp://www.elexica.com/en/resources/training-landing/20130508-market-misconduct-the-screws-tightenIn the last few months we have seen significant structural changes to the regulatory / statutory regime governing market misconduct in Hong Kong.Wed, 22 May 2013 17:59:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-self-reporting-to-mr-greens-sfoThe rewriting of the SFO guidance on self reporting left many unsure where they stood. SFO director David Green QC has been setting out his views.Mon, 20 May 2013 09:46:00 GMThttp://www.elexica.com/en/resources/training-landing/20130515-managing-us-uk-criminal-risk-for-asset-managersRecording and slides from a seminar, held in London on 15 May 2013, examining the key criminal risk areas for your business in light of this and how to manage them, focusing on insider dealing and corruption.Fri, 17 May 2013 13:45:00 GMThttp://www.elexica.com/fr-FR/resources/training-landing/20130516-penal-social-un-couple-infernalMaîtriser les risques en droit pénal du travail et faire face aux poursuites pénales. Thu, 16 May 2013 13:33:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/15-crime-international-may-2013In this issue we have developments from China, Hong Kong, the Netherlands, France, the US and the UK, covering deferred prosecution agreements, corruption, price manipulation, money laundering, tax fraud and extradition.Wed, 15 May 2013 11:44:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-the-legislative-response-to-the-cahuzac-scandalThe French Government has announced proposals for tougher legislation to combat corruption and tax fraud following a national scandal.Wed, 15 May 2013 11:33:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-us-enforcers-impose-disgorgement-on-dutch-listed-company-philips-in-relation-to-bribery-offencesUS and Dutch enforcement agencies investigated allegations of corruption at Philips and the results illustrate differences of approach.Wed, 15 May 2013 11:32:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-anti-money-laundering-storm-warning-signalHong Kong’s regulators are ramping up enforcement activity as high profile prosecutions follow 2012’s Anti Money Laundering and Counter Terrorist Financing (Financial Institutions) Ordinance.Wed, 15 May 2013 11:26:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-revised-guidance-on-suspicious-activity-reportsSOCA has issued revised best practice guidance for those making suspicious activity reports.Wed, 15 May 2013 11:26:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-fcas-reign-begins-with-three-new-offencesThe Financial Services Act 2012 entered into force on 01 April 2013, introducing the FCA and three new criminal offences.Wed, 15 May 2013 11:25:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-the-crime-and-courts-act-deferred-prosecution-agreements-and-extraditionThe Crime and Courts Act introduces DPAs into the UK and makes important changes to the extradition regime.Wed, 15 May 2013 11:22:00 GMThttp://www.elexica.com/en/resources/training-landing/tmt-sector-legal-update-2013/investigations-workshopOur Crime, Fraud and Investigations team discuss how to conduct effective internal investigations and some of the challenges in keeping control of the process.Wed, 15 May 2013 09:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/TMT-Sector-Legal-Update-2013Video recordings and accompanying slides from our sixth annual TMT sector legal update, held on 23 May 2013.Wed, 15 May 2013 08:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/08-the-legislative-response-to-the-cahuzac-scandalThe French government is proposing tough measures to counter corruption and tax evasion following embarrassing revelations about ministers' offshore accounts.Wed, 08 May 2013 15:45:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-to-the-bath-house-and-beyond-lilly-pays-us$30m-to-settle-sec-allegations-of-fcpa-breachesEli Lilly’s alleged violation of the Foreign Corrupt Practices Act of 1977, in connection with the activities of its subsidiaries.Thu, 02 May 2013 13:16:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-anti-money-laundering-storm-warning-signalHong Kong is tightening its grips on anti-money laundering with a ramped up AML supervision team and increased scrutiny of compliance by financial institutions.Thu, 02 May 2013 07:41:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds-hk-china/legal-headwinds-hk-china-2013-q2The Q2 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in HK/China for the period from 01 April to 30 June 2013. Mon, 22 Apr 2013 09:53:00 GMThttp://www.elexica.com/nl-NL/legal-topics/crime-fraud-and-investigations/10-anticorruptiebeleid-in-zes-landenIn deze bijdrage zullen wij de belangrijkste en meest opvallende verschillen en overeenkomsten in kaart brengen betreffende de (handhaving van de) anti corruptiewetgeving in China, Duitsland, Hong Kong, Italië, Nederland en het Verenigd Koninkrijk.Wed, 10 Apr 2013 14:10:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-an-overview-of-anti-corruption-legislation-and-enforcement-in-six-jurisdictionsWe look at the most striking differences and similarities for the anti corruption legislation and enforcement in China, Germany, Hong Kong, Italy, the Netherlands and the United Kingdom.Wed, 10 Apr 2013 14:09:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-getting-serious-about-bribery-in-the-prcChina's government has unveiled a series of new measures to crack down on corruption, including a unified database of cases that could ruin a business's reputation. Internal compliance programmes need to be strengthened and updated.Wed, 10 Apr 2013 07:46:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/08-china-to-regulate-unfair-competition-activities-in-outbound-investmentMOFCOM issues new competition rules which marks the first attempt of the government to regulate the issue of unfair competition amongst Chinese investorsMon, 08 Apr 2013 01:53:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/19-upper-tribunal-upholds-fsa-decision-on-market-abuseThe Upper Tribunal (Tax and Chancery Chamber)has upheld the decision of the Financial Services Authority to fine Swift Trade £8m for market abuse in breach of section 118 of the Financial Services and Markets Act 2000.Tue, 19 Mar 2013 15:26:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/12-chinese-antimonopoly-authorities-continue-crackdown-against-price-manipulationTwo state owned spirit producers penalised as China continues to show a growing appetite for tackling price fixing activities in the Chinese market.Tue, 12 Mar 2013 04:11:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/01-transparency-in-healthcare-remains-on-global-agendaIn both the US and Europe steps are being taken to make payments between medical industries and medical professionals more transparent.Fri, 01 Mar 2013 11:17:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0291-doing-business-in-africa-managing-corruption-riskNick Benwell talks to Paris Managing Associate, Etienne Kowalski, about the challenges of operating in Africa and key issues to consider when seeking to manage the risk of corrupt activity. Tue, 05 Feb 2013 11:31:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-hong-kong-anti-bribery-and-anti-corruption-reviewA review of anti bribery and anti corruption laws in Hong Kong highlighting a series of high profile cases.Wed, 30 Jan 2013 15:26:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-germany-anti-bribery-and-anti-corruption-reviewA review of anti bribery and anti corruption laws in Germany highlighting a series of high profile cases.Tue, 29 Jan 2013 15:52:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0288-fcpa-and-dodd-frank-updateNick Benwell talks to Foreign Corrupt Practices Act (FCPA) partner Lesli Ligorner about the DOJ-SEC guidance on the FCPA published in November 2012 and the 2012 SEC report on the Dodd Frank whistleblower regime.Mon, 28 Jan 2013 12:04:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-italy-anti-bribery-and-anti-corruption-reviewA review of anti bribery and anti corruption laws in Italy highlighting a series of high profile cases.Fri, 25 Jan 2013 15:52:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-netherlands-anti-bribery-and-anti-corruption-reviewA review of anti bribery and anti corruption laws in The Netherlands highlighting a series of high profile cases.Thu, 24 Jan 2013 10:51:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/23-fml-timeline-crime-shahShah and another v HSBC Private Bank (UK) Limited, 16 May 2012 [2012] EWHC 1283 (QB)Wed, 23 Jan 2013 12:16:00 GMThttp://www.elexica.com/en/legal-topics/tax/22-us-issues-much-anticipated-final-fatca-regulationsThe US Treasury and Internal Revenue Service has issued the long awaited final regulations detailing how the Foreign Account Tax Compliance Act (FATCA) will be implemented. They provide clarity on many practical aspects of FATCA implementation, finally allowing financial institutions to put necessary internal and external processes and procedures in place.Tue, 22 Jan 2013 14:41:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-uk-anti-bribery-and-anti-corruption-reviewA review of anti bribery and anti corruption laws in the UK highlighting a series of high profile cases.Tue, 22 Jan 2013 12:18:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds-hk-china/legal-headwinds-hk-china-2013-q1The Q1 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in HK/China for the period from 01 January to 31 March 2013. Mon, 21 Jan 2013 03:19:00 GMThttp://www.elexica.com/en/resources/training-landing/20130116-identity-theft-and-brand-infringementRecording and slides from a seminar held in London on 16 January 2013.Thu, 17 Jan 2013 10:06:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/15-legal-headwinds-hk-china-introKey legal and regulatory developments relevant to financial institutions operating in Hong Kong and China. Wed, 16 Jan 2013 12:23:00 GMThttp://www.elexica.com/es-ES/resources/newsletter-listing/derecho-corporativo-y-de-negocios-en-espana/15-spain-newsletter-diciembre-2012Os remitimos una nueva edición del Newsletter legal elaborado por la Oficina de Madrid de Simmons & Simmons.Tue, 15 Jan 2013 10:24:00 GMThttp://www.elexica.com/es-ES/legal-topics/crime-fraud-and-investigations/15-la-nueva-configuracion-del-delito-fiscal-tras-la-reforma-del-codigo-penalLlevada a cabo por la Ley Orgánica 7/2012, de 27 de diciembre.Tue, 15 Jan 2013 10:14:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-china-antibribery-and-anticorruption-reviewA review of anti bribery and anti corruption laws in China highlighting a series of high profile cases.Fri, 28 Dec 2012 03:14:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/11-crime-december-2012A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Tue, 11 Dec 2012 14:08:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-annual-report-on-dodd-frank-whistleblower-programme-reveals-international-reachThe Securities and Exchange Commission has published its annual report on the Dodd-Frank whistleblower programme, revealing from where information has originated.Tue, 11 Dec 2012 13:55:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-sfo-pays-the-price-for-its-sheer-incompetence-in-the-tchenguiz-caseThe Serious Fraud Office has been ordered to pay substantial costs to the Tchenguiz brothers following their request for judicial review of the agency's conduct.Tue, 11 Dec 2012 13:55:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-fsa-turns-anti-financial-crime-attention-to-asset-managersThe FSA has announced a thematic review of anti-money laundering, anti bribery and sanctions compliance controls within asset management firms, with 22 firms selected for immediate review.Tue, 11 Dec 2012 13:55:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-could-do-better-crown-prosecution-service-inspectorate-reports-on-serious-fraud-officeThe Crown Prosecution Service Inspectorate has published its findings following its first ever review of the Serious Fraud Office.Fri, 30 Nov 2012 12:31:00 GMThttp://www.elexica.com/nl-NL/resources/training-landing/20121129-autumn-legal-update-nl/professionele-aansprakelijkheid-van-asset-managersDeze presentatie behandelt verschillende typen van mogelijke claims tegen asset managers in het huidige economische klimaat en de verwachte benadering van schadeclaims.Fri, 30 Nov 2012 10:34:00 GMThttp://www.elexica.com/en/resources/training-landing/20121030-asia-fi-cpd-day/3-market-misconduct-and-ipo-liability-who-is-to-blameMark Steward, the head of enforcement at the SFC, has gone on the record to say that potential issuers won't "get away with misconduct". In this session, our specialists review the SFC's recent focus on market misconduct in IPOs and predictions for the future direction of enforcement against sponsors and other market participants.Fri, 30 Nov 2012 09:17:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-italys-new-anti-corruption-lawAfter three years of intense debate, on 13 November 2012 Italy's new “anti corruption” law was finally published in the Official gazette, receiving a mixed reception. Tue, 20 Nov 2012 10:06:00 GMThttp://www.elexica.com/it-IT/legal-topics/crime-fraud-and-investigations/15-la-nuova-legge-anticorruzioneIl 28 novembre 2012 entrerà in vigore la nuova legge anticorruzione che rappresenta, tra le altre cose, il primo tentativo di dotare il nostro paese di un “sistema quadro” contro la corruzione che non si limiti a misure repressive penali, ma che contenga efficaci misure preventive.Thu, 15 Nov 2012 10:47:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/06-fsa-thematic-review-of-anti-money-laundering-and-anti-bribery-controls-of-asset-management-firmsAsset management firms are to be subject to an FSA thematic review into their systems and controls for anti-money laundering and anti-bribery and corruption. Wed, 07 Nov 2012 17:36:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/fsa-enforcement-current-priorities-and-the-future-from-the-fcaThe FCA will take over the FSA's enforcement remit in 2013. This session looks at the current enforcement focus of the FSA on financial institutions and approved persons and examine the possible changes as the new regulators take over. Wed, 24 Oct 2012 16:06:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/financial-crime-updateWe examine key developments of the last 12 months, focusing on changes at the SFO, international anti corruption enforcement, mutual legal assistance and the FSA's anti financial crime initiatives. We also take a look at anticipated developments in the next year, in particular the likely advent of deferred prosecution agreements.Wed, 24 Oct 2012 14:45:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-ministry-of-justice-publishes-its-response-to-dpa-consultationThe Ministry of Justice has published its response to the consultation on the introduction of Deferred Prosecution Agreements. We look at this response, including how it deals with the key issues and the extent to which it has taken into account questions and concerns raised in the consultation.Wed, 24 Oct 2012 14:20:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/market-abuse-latest-cases-and-trendsThe FSA has upped the ante in terms of its market abuse enforcement. This session reviews the most significant recent cases brought by the FSA, and the key trends, in both the civil and criminal arenas.Wed, 24 Oct 2012 10:20:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/23-ministry-of-justice-publishes-its-response-to-dpa-consultationThe Ministry of Justice has released its response to the consultation on the introduction of Deferred Prosecution Agreements.Tue, 23 Oct 2012 14:06:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/18-information-manipulation-in-the-netherlandsOur article embarks on a critical analysis of two verdicts, maintaining the decisions of the Authority for the Financial Markets (Autoriteit Financiële Markten or "AFM").Thu, 18 Oct 2012 08:32:00 GMThttp://www.elexica.com/ja-JP/legal-topics/crime-fraud-and-investigations/14-delegation-and-directors-liability-thyssenkrupp-japanese本記事は、職場における安全衛生に関し、日本企業又は多国籍企業のイタリア子会社の取締役が負う可能性のある法的責任を検討するものです。Wed, 10 Oct 2012 10:02:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/09-new-sfo-guidance-on-self-reportingAn analysis of the new SFO guidance on self reporting, facilitation payments and business expenditure.Tue, 09 Oct 2012 17:11:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/02-crime-international-october-2012A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Tue, 02 Oct 2012 09:33:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-statutory-guidance-proposed-on-an-amended-uk-cartel-offenceThe UK Government is considering issuing statutory guidance, similar to that on the Bribery Act, to address concerns about its proposed reform of the cartel offenceTue, 02 Oct 2012 09:15:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-reform-of-french-legislation-on-police-custodyThe Conseil constitutionnel, the French Constitutional Court, has considered questions regarding the reformed police custody regime, but doubts remain that it complies with EU law.Tue, 02 Oct 2012 09:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-new-zenith-and-nadir-for-the-sfoThe SFO is being restructured, as it achieves notable success in the conviction of Asil Nadir but suffers stinging judicial criticism in the Tchenguiz case.Tue, 02 Oct 2012 09:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-spanish-bill-aims-to-amend-the-criminal-code-on-transparency-and-fraudProposals to amend the Spanish Criminal Code aim to speed up enforcement action against those defrauding the public purse and impose higher penalties in aggravated cases.Tue, 02 Oct 2012 08:48:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-money-laundering-risk-and-correspondent-bankingThe FSA has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 in relation to correspondent banking.Tue, 02 Oct 2012 08:30:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-dutch-minister-seeks-mandate-to-come-down-hard-on-white-collar-criminalsA controversial draft bill proposes to increase investigatory powers and sentences for corporate crime in the Netherlands.Tue, 02 Oct 2012 08:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-icacs-continued-focus-on-the-financial-sectorHong Kong's Independent Commission Against Corruption is increasingly playing a role alongside the Securities and Futures Commission in combating market misconduct.Tue, 02 Oct 2012 07:44:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-templeton-v-motorcare-sanctions-imposed-for-contemptThe court has sentenced two individuals to terms of imprisonment for contempt of court in breaching freezing injunctions.Fri, 28 Sep 2012 09:51:00 GMThttp://www.elexica.com/en/resources/training-landing/doha-cpd-day-2012/banking-and-islamic-financePresentation on LIBOR including what went wrong and the Islamic Interbank Benchmark Rate.Wed, 26 Sep 2012 16:10:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/20-sec-publishes-final-rule-on-disclosure-of-payments-by-resource-extraction-issuersOn 22 August 2012, the SEC issued its long awaited Rule 13q-1, requiring all “resource extraction issuer” companies to disclose payments made to any Government for the purpose of the commercial development of oil, natural gas or minerals.Thu, 20 Sep 2012 10:47:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/10-pfizer-a-dose-of-fcpa-medicineThe details of remedial steps required under Pfizer’s US Deferred Prosecution Agreement relating to corrupt sales arrangements show what a robust anti corruption programme entails.Mon, 10 Sep 2012 10:30:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/labour-leader/issue-35-labour-leader-august-2012-first-whistleblower-rewarded-under-controversial-doddfrankThe SEC has announced that it has paid its first bounty to a whistleblower under the controversial provisions of the Dodd-Frank Act.Mon, 27 Aug 2012 08:09:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/23-first-whistleblower-rewarded-under-controversial-dodd-frank-provisionsThe SEC has announced that it has paid its first bounty to a whistleblower under the controversial provisions of the Dodd-Frank Act.Thu, 23 Aug 2012 13:52:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/03-breach-of-trust-and-mortgage-fraudA mortgage fraud case illustrating that solicitors must adhere to the mandatory requirements outlined in the Council of Mortgage Lenders’ Handbook. Nationwide Building Society v Davisons Solicitors (A Firm) 2012 (Unreported).Fri, 03 Aug 2012 16:26:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-clipping-the-wings-of-civil-recovery-ordersIn Perry v SOCA, the Supreme Court has held that Civil Recovery Orders cannot be made in respect of property located outside the UK.Thu, 02 Aug 2012 14:23:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0244-compensation-orders-for-market-misconductSimmons & Simmons partner Paul Li talks to fellow colleague Abdulali Jiwaji about compensation orders for market misconduct in Hong Kong.Tue, 31 Jul 2012 11:17:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-getting-the-deal-through-anti-money-laundering-2012A review of the money laundering and anti money laundering (AML) laws and regulations in the UK Fri, 27 Jul 2012 09:28:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/spotlight-on-competition/02-spotlight-on-competition-july-2012Issue 57 of our monthly update bringing you highlights and analysis of recent EU, competition, and regulatory issues and their impact on business.Mon, 02 Jul 2012 13:38:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-public-health-insurance-fund-doctors-not-criminally-liable-for-accepting-bribesThe German Federal Court of Justice issues a decision providing more security when applying the law relating to inducements paid to private medical practitioners.Mon, 02 Jul 2012 10:58:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-german-f1-corruption-case-harsh-sentence-for-former-bayernlb-bankerThe Munich Regional Court has sentenced a former banker to a lengthy prison sentence for accepting bribes in the sale of shares in Formula 1.Mon, 02 Jul 2012 09:20:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-does-fraudulent-exaggeration-permit-an-entire-claim-to-be-struck-outIn a key decision for insurers, the Supreme Court has considered whether a fraudulently exaggerated claim should be struck out in its entirety.Fri, 29 Jun 2012 13:33:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-removal-of-dishonesty-from-the-cartel-offence-controversy-continuesThe UK government's proposal to reform the cartel offence is criticised by stakeholders.Fri, 29 Jun 2012 12:25:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/28-crime-june-2012Issue 38 of regular updates on business related crime.Thu, 28 Jun 2012 15:59:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-ec-report-on-proposed-amendments-to-the-eu-anti-money-laundering-regimeThe European Commission has published its findings on whether the EU anti money laundering regime requires amendments.Thu, 28 Jun 2012 14:37:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-government-consults-on-dpasThe UK Government has launched a consultation on the introduction of Deferred Prosecution Agreements for enforcing the criminal law against commercial organisations.Thu, 28 Jun 2012 14:22:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-phrases-awaiting-a-meaning-under-the-uk-bribery-actTwo key phrases define the corporate offence under the Bribery Act, "carrying on a business" and "associated persons" - how should they be interpreted?Thu, 28 Jun 2012 14:06:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-the-bribery-act-one-year-onOne year after it came into force, what impact has the UK Bribery Act had and what is the future for its enforcement?Thu, 28 Jun 2012 14:02:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-the-uk-bribery-act-how-are-prc-companies-responding-to-challengesOn the eve of the first anniversary since the UK Bribery Act came into effect, how have multinationals and PRC companies responded to this far reaching and powerful Act?Thu, 28 Jun 2012 13:35:00 GMThttp://www.elexica.com/en/resources/training-landing/20120604-implications-of-international-anti-corruption-legislationThis video seminar examines the implications of the UK Bribery Act, the US Foreign Corrupt Practices Act, the PRC Criminal Law and Hong Kong’s Prevention of Bribery Ordinance.Fri, 15 Jun 2012 02:10:00 GMThttp://www.elexica.com/en/resources/training-landing/20120514-handling-cross-border-regulatory-investigationsFinancial institutions are scrutinised by regulators on both a local and a global basis. This video seminar examines strategies on how to navigate these issues.Thu, 14 Jun 2012 02:48:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0236-bribery-act-one-year-onSimmons & Simmons partner Nick Benwell and colleague Claire McLeod discuss the impact of the UK’s Bribery Act and developments as to how it will be enforced.Wed, 13 Jun 2012 14:52:00 GMThttp://www.elexica.com/en/legal-topics/environment-and-climate-change/11-an-end-to-either-way-offencesNew powers that will allow magistrates to hand down unlimited fines will have far reaching consequences, particularly in the environmental and Health and Safety arena.Mon, 11 Jun 2012 09:12:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-fsa-brings-first-successful-cross-border-insider-dealing-caseThe FSA has recently underlined its "willingness, and ability, to tackle serious, organised insider dealing" following three convictions in its first successful cross border insider dealing prosecution.Mon, 11 Jun 2012 09:04:00 GMThttp://www.elexica.com/en/resources/training-landing/20120416-insider-dealing-einhorn-and-greenlight-capitalJoin our financial services regulatory specialists as they explain why Hong Kong’s insider dealing regime is significantly more stringent.Mon, 04 Jun 2012 02:36:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-suspicious-minds-shah-v-hsbc-decidedBank that delayed transfers not liable for client losses, because money laundering reporting officer held a suspicion that the funds represented the proceeds of crime.Fri, 18 May 2012 08:49:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-the-enforcement-future-reading-the-queens-speechHow the legislative programme for the next parliamentary year will shape the enforcement of corporate crime.Thu, 17 May 2012 14:20:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120510-anti-money-laundering-recent-uk-and-european-developmentsAudio recording from a training session held on 10 May 2012. This session provides an overview of the latest key developments in relation to anti money laundering requirements.Mon, 14 May 2012 10:04:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/30-freezing-injunctions-goodwill-and-the-role-of-contemptA director and a shareholder have been found guilty of criminal contempt for breaching a freezing injunction by transferring the goodwill of their company.Mon, 30 Apr 2012 10:19:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/23-citic-pacific-privilege-cat-goes-back-in-the-bagAn update on a recent Hong Kong case on legal advice privilege, looking at a new Court of Appeal judgment on waiver.Mon, 23 Apr 2012 10:26:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/19-crime-international-april-2012A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Fri, 20 Apr 2012 11:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-commendations-and-concerns-oecd-delivers-mixed-verdict-on-uk-bribery-enforcementAn analysis of the report on the UK’s implementation of the OECD Anti Bribery Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.Fri, 20 Apr 2012 10:58:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/19-home-affairs-committee-calls-for-changes-to-uk-us-extradition-regimeA report on the House of Commons Home Affairs Committee’s review of the US-UK Extradition Treaty.Thu, 19 Apr 2012 11:22:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/19-proceeds-of-crime-international-cooperation-and-property-rights-in-franceA look at a Court of Appeal of Aix-en-Provence decision that highlights the issues that arise when states seek cooperation in combating money laundering.Thu, 19 Apr 2012 11:01:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/19-new-guidance-on-prosecution-for-corruption-of-public-officials-in-the-netherlandsAn overview of prosecutors' guidance in the Netherlands, parts of which highlight a difference of approach from those issued by UK prosecutors last year.Thu, 19 Apr 2012 10:23:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-german-f1-corruption-case-back-on-trackA note on the high profile case against former BayernLB banker, Gerhard Gribkowsky, related to the sale of a stake in the Formula 1 empire. Thu, 19 Apr 2012 09:54:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-delegation-and-directors-liability-thyssenkruppA look at the recent ThyssenKrupp case on director’s liability and delegation of powers.Wed, 18 Apr 2012 16:59:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-fatfs-revised-anti-money-laundering-recommendationsA report on recommendations of the Financial Action Task Force, aimed at further alignment of standards across the developed world.Wed, 18 Apr 2012 16:50:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-slow-progress-on-anti-corruption-in-italyAn overview of anti corruption in Italy in light of the findings of the Council of Europe’s Group of States Against Corruption (GRECO).Wed, 18 Apr 2012 14:41:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-uk-corruption-enforcement-developmentsAn update from the UK on corruption and events at the Serious Fraud Office.Wed, 18 Apr 2012 14:34:00 GMThttp://www.elexica.com/en/legal-topics/real-estate/18-real-estate-fraud-in-the-netherlandsA report on the high profile “Klimop” case, which provides insight into the enforcement of Dutch anti corruption laws in a business to business context.Wed, 18 Apr 2012 14:16:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-sanctions-on-syria-and-iranOverview of EU sanctions on Syria and Iran, what the sanctions are and who they apply to. Thu, 12 Apr 2012 12:25:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/05-coutts-a-sign-of-things-to-comeCoutts bank has been fined £8.75m for failings in its anti-money laundering systems for Politically Exposed Persons, as the FSA steps up enforcement action.Thu, 05 Apr 2012 14:53:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/05-fsa-publishes-review-of-banks-anti-bribery-systems-and-controlsThe FSA has criticised investment banks for their approach to anti bribery and corruption measures and launched a consultation on proposed changes to its regulatory guide.Thu, 05 Apr 2012 13:11:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/05-home-affairs-committee-calls-for-changes-to-uk-us-extradition-regimeThe House of Commons Home Affairs Committee has urged the Government to make significant changes to the UK-US extradition regime to protect British citizens.Thu, 05 Apr 2012 09:53:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/21-proposed-reform-of-the-uk-competition-regimeA year after its initial consultation was launched, the UK Government has revealed its plans to reform the competition regime.Wed, 21 Mar 2012 15:42:00 GMThttp://www.elexica.com/nl-NL/resources/newsletter-listing/werk-in-uitvoering/issue-48-werk-in-uitvoering-march-2012Nieuwsbrief van Simmons & Simmons over vastgoed, civiel bouwrecht, huurrecht, aanbestedingsrecht, bestuursrecht, ruimtelijk ordeningsrecht en milieurecht.Tue, 13 Mar 2012 11:24:00 GMThttp://www.elexica.com/nl-NL/legal-topics/real-estate/12-niet-ambtelijke-omkoping-anno-2012Met de veroordelingen in de vastgoedfraudezaak Klimop lijkt de publieke aandacht voor corruptie voorlopig nog niet ten einde. Mon, 12 Mar 2012 14:14:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-75-oversight-february-2012-sfcs-new-aml-guidelinesComing into effect on 1 April 2012, the SFC's consultation conclusions on the new AML Guidelines highlight a number of key changes for SFC licensed corporations which have been made to the Guideline from the Existing Guidance Note. Thu, 23 Feb 2012 06:37:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/02-tappin-appeal-against-us-extradition-dismissedThe English High Court has rejected an appeal against extradition to the US by Christopher Tappin, exhausting his options in the UK.Fri, 03 Feb 2012 14:56:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/21-fsa-market-abuse-casesThis article sets out the key market abuse decisions by the FSA under the market abuse regime pre and post 01 July 2005.Fri, 20 Jan 2012 19:30:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/20-shareholder-dividends-and-the-proceeds-of-crimeThe SFO recovers more than £130,000 from Mabey Engineering (Holdings) Ltd under a Civil Recovery Order.Fri, 20 Jan 2012 18:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-further-uk-enforcement-actions-on-corruptionA look at the latest prosecutions for corruption offences.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-supreme-court-rejects-challenge-to-civil-standard-of-proofThe Supreme Court ruled on a challenge to the use of Civil Recovery Orders against those denying any wrongdoing.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-bank-need-not-name-employees-who-suspected-money-launderingThe Court of Appeal considered whether a bank is obliged to disclose the names of employees who suspected a transaction may have involved the proceeds of crime.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-a-british-standard-for-anti-bribery-proceduresA look at proposals for a British Standard for an Anti Bribery Management System.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-blowing-the-whistleA recent case that emerged out of allegations made by an ex employee. The role of whistleblowing is currently a common theme between the US, EU and UK.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-civil-recovery-order-concludes-macmillian-publishers-corruption-caseThe Serious Fraud Office (SFO) has obtained a fifth Civil Recovery Order (CRO) in a corruption case in the High Court.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-chasing-the-assets-masri-v-consolidated-contractorsA summary of some of the more innovative aspects of the enforcement proceedings in the civil case of Masri.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/24-no-more-than-a-whitewash-lord-scott-bakers-review-on-extraditionA summary of Lord Scott Baker's 486 page report on the UK's extradition arrangements.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/24-crime-november-2011Issue 37 of regular updates on business related crime.Thu, 24 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-deferred-prosecution-agreements-the-future-of-corporate-criminal-enforcementThe Solicitor General has proposed legislation to introduce deferred prosecution agreements (DPAs) into the UK as a cost effective means of enforcing corporate criminal law.Mon, 07 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20111103-Netherlands-FI-Sector-Autumn-Legal-Update-2011-English-versionSlides from the sessions comprising our Netherlands Financial Institutions Autumn Legal Update 2011, held in our Amsterdam office on 03 November 2011. Thu, 03 Nov 2011 08:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20111103-netherlands-fi-sector-autumn-legal-update-2011-english-version/white-collar-crimeWhat lies ahead in the battle against bribery, corruption and money laundering? This presentation looks at this question from three criminal law perspectives: economic, financial and tax. Thu, 03 Nov 2011 08:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20111103-Nederland-FI-Sector-Autumn-Legal-Update-2011-Nederlandse-versieOp donderdag 3 november gaf Simmons & Simmons tijdens de Autumn legal update een overzicht van de laatste juridische ontwikkelingen die relevant zijn voor de financiële sector.Thu, 03 Nov 2011 08:00:00 GMThttp://www.elexica.com/nl-NL/resources/training-landing/20111103-nederland-fi-sector-autumn-legal-update-2011-nederlandse-versie/white-collar-crimeWat staat ons te wachten op het terrein van anti-corruptie en anti-witwassen? De meest actuele onderwerpen op het gebied van economisch, financieel en fiscaal strafrecht worden belicht tijdens deze presentatie.Thu, 03 Nov 2011 08:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0197-the-future-of-pan-european-freezing-ordersSimmons & Simmons lawyer Andrew Bartlett talks to colleague Simon Morgan about the continuing significance of the draft regulation on European Asset Preservation Orders (EAPO) despite the UK's decision not to opt in. Wed, 02 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/tax/12-uk-switzerland-withholding-tax-agreementAn agreement between the UK and Switzerland requiring Swiss banks and other paying agents to deduct withholding tax on the accounts of UK residents in certain circumstances, both in respect of historic unpaid taxes and on an ongoing basis, is expected to come into force from 2013.Tue, 11 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/6-crime-international-october-2011A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/UK-Financial-Institutions-Autumn-Legal-Update-2011Video recordings and accompanying slides from our seventh FI Sector Autumn Legal Update, held on Thursday 06 October 2011.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/6-fsa-financial-crime-guideA report on the FSA draft regulatory guide for authorised firms entitled `Financial Crime: A guide for firms`.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/6-who-is-a-public-official-in-europeA look at the approach different jurisdictions are taking over who might constitute a “public official” in the sphere of corporate complianceWed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/6-investor-protection-in-spain-fraud-and-the-dissemination-of-false-rumoursA look at changes to the Spanish Criminal Code in relation to crimes against the market and consumers.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/where-the-real-risks-are-in-financial-crime-and-how-to-mitigate-themThis session looks at where the criminal risks are for financial institutions and how these risks can be mitigated, covering recent developments in money laundering, sanctions, market misconduct and insider dealing, including a review of the personal responsibilities and liabilities for directors and senior managers of authorised firms and of their parent companies.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/bribery-and-developments-in-enforcementNow that the UK Bribery Act has come into effect, how will it be enforced? This session looks at recent developments in enforcement and lessons learned, the roles of the FSA and SFO, the changing landscape of enforcement agencies, and how to manage self reporting.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-proposed-amendments-in-the-dutch-money-laundering-and-terrorist-financing-prevention-actA report on a proposals to amend the Dutch Money Laundering and Terrorist Financing (Prevention) Act.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-changes-to-the-french-bribery-regimeA report on the change to the definition of bribery in French law.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-calling-for-a-bank-run-a-new-criminal-offence-under-dutch-lawA look at the Dutch bill that proposes to make a public call for a “run” on a bank a criminal offence.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-proposals-for-reform-of-the-european-anti-fraud-officeA report on proposals for the reform of the European Anti fraud Office.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-lessons-learned-eu-sanctions-in-practiceA report on the EU sanctions regime in practice.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/15-european-account-preservation-orders-on-the-horizonThe European Commission publishes draft regulation to introduce Europe wide freezing orders on bank account, intended to facilitate the recovery of unpaid debts in the EU.Wed, 14 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/Resources/Microsite/Guide-to-Dawn-RaidsKnowing how to respond to a dawn raid in an informed and efficient manner is an essential part of an organisation's risk management policies. This guide provides detailed information on dawn raids across a range of jurisidiction. Sun, 04 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0185-bribery-fsa-and-the-willis-caseSimmons & Simmons partner Richard Sims talks to colleague Charles Mayo about the implications of the recent Willis fine by the FSA and the implications for both FSA regulated and non regulated businesses.Sun, 07 Aug 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-willis-a-familiar-message-but-a-new-audienceThe FSA has imposed its largest fine yet for inadequate systems and controls to counter corruption: with the Bribery Act now in force, the lessons extend beyond the regulated sector.Thu, 28 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0183-libyan-sanctions-in-practiceSimmons & Simmons lawyer Cherie Spinks talks to colleague David Bridge about the issues that have arisen for businesses dealing with the UK and EU sanctions regimes relating to Libya.Wed, 27 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/25-crime-july-2011Issue 36 of regular updates on business related crime.Sun, 24 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-uk-government-proposals-to-abolish-criminal-penalties-for-breaches-of-the-money-laundering-regulations-2007A report on the Government`s review of the Money Laundering Regulations 2007.Sun, 24 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-corporate-manslaughter-conviction-and-sentencingAnalysis of the first conviction and sentencing of a company under the Corporate Manslaughter and Corporate Homicide Act 2007.Sun, 24 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-where-now-for-civil-recovery-ordersThe UK High Court has approved the use of a Civil Recovery Order (CRO) by the Serious Fraud Office as part of a settlement of corruption charges.Sun, 24 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-bae-tanzania-settlement-to-whom-do-i-make-it-payableMore than six months after its settlement with the SFO over corruption allegations regarding a deal in Tanzania, BAE still faces difficult decisions.Sun, 10 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/13-does-the-cartel-offence-need-dishonestyThe UK Department for Business, Innovation and Skills (BIS) proposes to remove the dishonesty element from the UK cartel offence to make it easier to secure convictions.Sun, 12 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-split-decision-the-serious-fraud-office-survives-intactThe UK Government has announced plans for the future of the SFO and Economic Crime Agency, reversing previous proposals on how economic crimes should be investigated and prosecuted in the UK.Wed, 08 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/in-the-courtsA forward looking schedule of finance sector cases currently in the courts.Mon, 06 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/23-wiretap-evidence-the-fsa-and-insider-dealingMay 2011`s conviction in New York of Raj Rajaratnam for insider trading was a landmark for US law enforcement. One of the keys to the DoJ`s success was its use of wiretap evidence, ie the covert monitoring and recording of live telephone conversations. This article considers the position regarding the use of such evidence in the UK.Sun, 22 May 2011 23:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20110512-TMT-Sector-Legal-Update-2011Video recordings and accompanying slides from our fourth annual TMT sector legal update, held on 12 May 2011.Thu, 12 May 2011 17:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110512-tmt-sector-legal-update-2011/hacktivismCyber crime, in its various forms, is one of today's few growth industries. Businesses in particular suffer immediate financial damage, as well as regulatory and compliance risks and longer term damage to reputation and goodwill following cyber assaults. With their practical experience of assisting businesses before, during and after such attacks, Control Risks joined Simmons & Simmons to discuss how to minimise the impact on businesses from attacks. Thu, 12 May 2011 16:32:00 GMThttp://www.elexica.com/en/resources/training-landing/20110512-tmt-sector-legal-update-2011/uk-bribery-actThis session examined the Ministry of Justice guidance and the SFO/DPP guidance in relation to the Act, and discussed the implications for TMT companies as they prepare for the Act coming into force on 01 July 2011. The speakers focused on the practical challenges of dealing with corporate hospitality, supply chains, joint ventures and facilitation payments.Thu, 12 May 2011 16:32:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0167-international-trade-sanctions-current-developmentsSimmons & Simmons partner Johan Polet talks to Mark Huijzen about the implications of international trade sanctions concerning the Middle East and North Africa (MENA) region for international business.Wed, 11 May 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-the-bribery-act-what-fund-managers-need-to-knowA summary of the risk areas for fund managers and answers to some of the most common questions fund managers ask about the Bribery Act.Wed, 04 May 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0160-uk-bribery-act-implications-for-fund-managersSimmons & Simmons partner Richard Perry talks to colleague Nick Benwell about the Bribery Act, the Ministry of Justice guidance and the implications for UK and overseas fund managers.Mon, 18 Apr 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110414-bribery-act-guidance-2011Simmons & Simmons and KPMG were joined by leading in house compliance officers to discuss the final guidance and to examine how organisations can address some of the difficult issues to which the Act gives rise, including use of third parties to win work, joint ventures and supply chains, promotional expenditure, corporate hospitality and facilitation payments. Wed, 13 Apr 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0155-bribery-act-an-overview-of-the-guidanceSimmons & Simmons partner Charles Mayo talks to colleague Nick Benwell about the Ministry of Justice guidance in relation to the Bribery Act, published on 30 March 2011. Wed, 30 Mar 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-uk-bribery-act-final-guidance-what-s-in-it-for-youThe Ministry of Justice has published the final form of the guidance on procedures that commercial organisations can put in place to prevent persons associated with them from paying bribes. This article provides a full analysis of the guidance including how it deals with the key issues and the extent to which it has taken into account issues raised in the consultation and draft guidance.Tue, 29 Mar 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/25-crime-international-march-2011A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Fri, 25 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20110325-Life-Sciences-Professional-Development-Day-2011Video recordings and accompanying slides from our Life Sciences legal and professional skills training day, held on 25 March 2011.Fri, 25 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110325-life-sciences-professional-development-day-2011/where-we-are-on-the-uk-bribery-act-now-that-implementation-is-nighA change of government, implementation delays, industry consultation: a lot has happened since the Bribery Bill received Royal Assent. Companies across industry sectors have been preparing for its implementation, amid much discussion as to the meaning of "adequate procedures". Our crime and corporate governance experts provide the latest for life sciences companies on this landmark piece of legislation.Fri, 25 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110325-life-sciences-professional-development-day-2011/key-issues-in-conducting-internal-investigationsIn this interactive panel discussion we consider the potential problems that might be faced by in house counsel when undertaking in depth internal investigations into sensitive issues such as compliance with competition law or the Bribery Act. We consider the issues that commonly arise in such an investigation, including contractual, employment and IT risks.Fri, 25 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-bribery-in-private-sector-transactionsA report on the new offences of corruption between private parties in Spain.Fri, 25 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-libya-sanctions-alertA report on US, UN and UK sanctions against the Libyan regime.Wed, 02 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/litigation-scheduleA schedule of finance sector cases currently at the pre-trial stage.Tue, 01 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/16-mortgage-fraudThis seminar considered mortgage fraud and the doctrine of illegality; fraud and vicarious liability and associated issues and finally mortgage fraud and attribution of knowledge.Wed, 16 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/1-norris-appeals-conviction-following-extradition-to-the-usIan Norris is appealing an 18 month sentence for conspiracy to obstruct a federal grand jury investigation.Tue, 01 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/1-bribery-act-implementation-delayedThe UK Government has confirmed that the date of implementation will slip, to preserve the three month period for companies and other commercial organisations to work through the guidance.Tue, 01 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/17-crime-january-2011Issue 35 of regular updates on business related crime.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-order-of-merit-the-corruption-perceptions-indexA look at Transparency International`s 2010 Corruption Perceptions Index, a document set to become more widely read as companies focus on anti-corruption due diligence in the run up to implementation of the Bribery Act.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-a-dead-end-corporate-manslaughter-prosecution-in-the-balanceA report on how the first prosecution for corporate manslaughter under the Corporate Manslaughter and Corporate Homicide Act 2007 may be grinding to a halt.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-bribery-act-consultation-on-guidance-for-commercial-organisationsOur response to the Ministry of Justice consultation on guidance about commercial organisations preventing bribery (section 9 of the Bribery Act 2010), highlighting the areas where the draft is least satisfactory.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-jail-sentence-for-senior-executive-confirms-tough-stance-on-briberyA report on the jail sentencing of Julian Messent, an executive convicted of authorising corrupt payments.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-resisting-arrest-an-update-on-european-arrest-warrantsA look at recent developments relating to European Arrest Warrants.Mon, 17 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/10-directors-and-employees-not-liable-for-a-company-s-fines-for-breach-of-competition-lawThis article examines the recent decision handed down by the Court of Appeal in the important case of Safeway Stores Ltd & Ors v Twigger & Ors.Mon, 10 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/Resources/Microsite/UK-Bribery-ActThis resource brings together articles, podcasts and seminar materials that provide guidance for those wanting to know what this legislation means for their business.Mon, 03 Jan 2011 11:27:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-bae-sentencingBAE Systems has been sentenced for accounting offences following the SFO`s long-running and controversial investigation into the company`s use of overseas agents. Following the recent sentencing of Julian Messent, is the future direction of plea deals now clearer?Tue, 21 Dec 2010 00:00:00 GMThttp://www.elexica.com/nl-NL/legal-topics/crime-fraud-and-investigations/15-uk-bribery-act-2010Nederlandse ondernemingen met bedrijfsactiviteiten in het Verenigd Koninkrijk lopen binnenkort het risico te worden vervolgd indien zij verzuimen om adequate procedures ter voorkoming van corruptie in te voeren. Dit is het gevolg van nieuwe anticorruptiewetgeving die is opgenomen in de UK Bribery Act 2010. Tessa van Roomen bespreekt de eisen en hoe Nederlandse ondernemingen hieraan kunnen voldoen.Wed, 15 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101208-the-toughest-corruption-legislation-in-the-world-bribery-act-2010-hong-kong-prcWhen the UK's Bribery Act comes into force in April 2011, it will be the toughest anti bribery law in the world. The Act will apply to the worldwide operations of any Hong Kong/Chinese company that is carrying on business in the UK. This seminar looks at implications for Hong Kong/Chinese companies and discusses the practical steps that companies should take in preparing for the Act.Wed, 08 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/2-individual-liability-for-cartel-infringements-is-taking-root-in-various-european-countriesIndividuals are increasingly facing sanctions for breaches of competition law.Thu, 02 Dec 2010 00:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/crime-fraud-and-investigations/2-neues-anti-korruptionsgesetz-in-england-tritt-nicht-vor-april-2011-in-kraftDas neue englische Anti-Korruptionsgesetz von 2010 (der „Bribery Act“) tritt nun doch nicht vor April 2011 in Kraft. Dies hat das britische Justizministerium verkündet.Thu, 02 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20101118-Nederland-FI-Sector-Autumn-Legal-Update-2010Op donderdag 18 november gaf Simmons & Simmons tijdens de Autumn legal update een overzicht van de laatste juridische ontwikkelingen die relevant zijn voor de financiële sector.Thu, 18 Nov 2010 08:30:00 GMThttp://www.elexica.com/nl-NL/resources/training-landing/20101118-nederland-fi-sector-autumn-legal-update-2010/session-1-str-2-compliance-en-risk-management-bij-beslagen-onder-banken-en-verzekeraarsIn deze presentatie wordt ingegaan op recente ontwikkelingen op het gebied van compliance bij beslag onder financiële instellingen. Onderwerpen die aan bod zullen komen zijn onder meer de risico's van banken en verzekeraar bij een beslag ten laste van een cliënt, de snelheid waarmee actie moet worden ondernomen en de verplichtingen die vallen onder het beslag.Thu, 18 Nov 2010 08:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0127-the-uk-bribery-act-and-the-middle-eastSimmons & Simmons partner Vanessa Abernethy talks to colleague Louise Delahunty about the far reaching effects of the UK Bribery Act, which comes into force in April 2011, and its potential impact on companies in the Middle East. Sat, 13 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-response-to-the-consultation-on-guidance-about-commercial-organisations-preventing-bribery-section-9-of-the-bribery-act-2010Response to the Ministry of Justice consultation on guidance about commercial organisations preventing bribery (section 9 of the Bribery Act 2010). The response includes an opening summary of the points made.Mon, 08 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/employment-conference-calls/adequate-procedures-guidance-for-the-uk-bribery-actOne of a series of practical telephone calls in English, focussing on employment law in the UK. Aimed primarily at human resources personnel, these recordings may also be of interest to employment lawyers.Wed, 03 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-uk-bribery-act-and-key-considerations-for-japanese-companiesThis article gives an overview of the UK Bribery Act including details on the scope of the act, a comparison with the Japanese and US systems, enforcement trends and practical steps on how to prepare for the Act.Tue, 02 Nov 2010 00:00:00 GMThttp://www.elexica.com/ja-JP/legal-topics/crime-fraud-and-investigations/02-the-uk-bribery-act-japanese-version英国贈収賄法について、概要から、適用範囲,日米英の簡単な比較、親会社の適用可能性、執行状況、企業の採るべき対策に至るまで、説明しています。Tue, 02 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/28-committal-proceedings-civil-or-criminalThe UK High Court considered this question alongside the use of evidence obtained by enquiry agents in Munib Masri v Consolidated Contractors International Company SAL, Consolidated Contractors (Oil & Gas) Company SAL and Wael Khoury [2010] EWHC 2640 (Comm).Wed, 27 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-insight-europe/27-legal-insight-europe-november-2010Issue 2 of our bilingual newsletter on selected legal issues relevant for Japanese businesses with operations in Europe.Wed, 27 Oct 2010 07:00:00 GMThttp://www.elexica.com/nl-NL/legal-topics/employment-and-benefits/25-wet-controle-op-rechtspersonenOp 6 juli jl. heeft de Eerste Kamer het wetsvoorstel “Wet controle op rechtspersonen” (Wcr) aangenomen. In dit artikel zet Tessa van Roomen de verschillen op een rijtje tussen de huidige en de nieuwe situatie.Sun, 24 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/8-crime-international-october-2010A review of legal and general developments covering criminal risk and related compliance issues relevant to companies and institutions doing business internationally.Thu, 07 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/7-new-dutch-legal-entities-scrutiny-actThis article examines new legislation in the Netherlands that is targeted at the misuse of limited liability companies and other forms of legal entities for criminal purposes, including shielding assets from creditors, terrorist financing and money laundering.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-spanish-criminal-code-reform-and-criminal-liability-of-corporate-bodiesThe Spanish Criminal Code has been modified to change the framework in which companies operate, introducing criminal liability for corporations. Companies operating in Spain will need to consider whether they now need to introduce or improve internal programmes in order to ensure compliance.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-uk-bribery-act-update-timetable-and-guidanceAn update of the timetable for the implementation of the UK Bribery Act, the draft guidance published and the widespread concern due to the breadth of some of its provisions.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-german-federal-constitutional-court-clarifies-the-requirements-for-breach-of-trustA decision by the Federal Constitutional Court has finally addressed a controversial section of the German Criminal Code relating to breach of trust.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-fraud-sentencing-is-the-uk-out-of-stepReflections on comparative sentencing for those involved in corporate fraud.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-guidelines-on-the-exchange-of-intelligence-between-law-enforcement-authoritiesThis article examines how the EU is addressing corporate wrong doing. The new guidelines indicate the potential extent of information exchange that underlies this co-operation.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/the-new-global-anti-corruption-standard-the-uk-bribery-act-or-the-us-fcpaThe UK's Bribery Act, in force from 2011, imposes up to a 10 year prison sentence and unlimited fines if you get it wrong. It has global reach against UK and overseas companies. Until now US law has led the way in the anti corruption campaign. But, this Act is stricter. There are no carve outs or affirmative defences. How do you prepare for the new standard? How do you manage your risk and who in your organisation is going to take responsibility?Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/20101006-UK-Energy-and-Infrastructure-CPD-DayVideo recordings and slides from our third Energy & Infrastructure CPD day, held in our London office on Wednesday 06 October 2010.Tue, 05 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101006-uk-energy-and-infrastructure-cpd-day/uk-bribery-act-2010In this session we examine the key provisions of the Act, the areas of risk and exposure for corporates involved in the energy and infrastructure sector and the steps which can be taken to limit that exposure.Tue, 05 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-the-new-uk-bribery-actWhen the UK`s Bribery Act comes into force, as is now expected in 2011, it will arguably be the toughest anti bribery law in the world and will have important implications for Chinese organisations doing business in the UK.Wed, 25 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0099-uk-market-abuse-updateSimmons & Simmons partner Darren Fox talks to colleague Richard Sims about market abuse, including the latest civil and criminal action by the FSA and the future for enforcement of the market abuse regime.Mon, 09 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0094-the-uk-bribery-act--implications-for-chinese-companiesSimmons & Simmons corporate partner Charles Mayo talks to Nick Benwell (London) and Gareth Hughes (Hong Kong) about the Bribery Act and the implications for Chinese companies carrying on business in the UK.Wed, 28 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/28-crime-july-2010Issue 34 of regular updates on business related crime.Tue, 27 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-the-imperial-caseA look at how the recent failure to secure a conviction against directors for dishonesty offences at the second attempt illustrates the continuing difficulties in pursuing such cases.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-the-latest-fsa-insider-dealing-prosecutionsA report on the most recent insider dealing prosecutions brought by the FSA.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-the-new-economic-crime-agency-improving-detection-and-enforcement-of-serious-economic-crimeA report on the proposed new economic crime agency for the investigation and prosecution of white collar crime.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-defence-costs-a-victory-for-fairnessA look at a recent judgment that has struck down a government cost cutting initiative which had potentially serious implications for those facing prosecution for white collar criminal offences.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-the-bribery-act-avoiding-repentance-at-leisureA report on the Ministry of Justice announcement that the implementation of the Bribery Act will not now come into force until April 2011.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-extradition-back-under-the-spotlightA note highlighting the prospect of the Coalition Government reviewing the UK`s extradition arrangements with the US.Mon, 26 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-the-bribery-act-a-window-of-opportunityThis article discusses the important window of opportunity that companies now have to review their current anti bribery and gifts & entertainment policies, before the new `corporate offence`, under the UK Bribery Act 2010, comes into force.Mon, 21 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-first-sentencing-of-a-pharmaceutical-company-for-violation-of-the-anti-gift-lawThe Criminal Court of Clermont-Ferrand rendered on 15 March 2010 a judgment in first instance against a French pharmaceutical company, imposing a fine on the company. This decision is the first sentencing of a pharmaceutical company in France for a violation of the anti gift law which prohibits pharmaceutical companies from granting any kind of benefits, directly or indirectly, to healthcare professionals.Sun, 20 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-financial-markets-breakfast-briefing-series-2010/market-abuse-and-insider-dealing-the-latest-developmentsRegulators and prosecutors have been focusing their attention on market abuse and insider dealing. This session examines the latest developments in the UK and European legal regimes in this area, with a focus on recent cases and a look at where the regulators' attention is directed next.Wed, 16 Jun 2010 07:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0084-bribery-act-updateSimmons & Simmons partner Louise Delahunty talks to fellow partner Nick Benwell about the status and timing of the Bribery Act following the general election, and what companies should be doing in preparation for the Act. They also discuss the position in relation to plea deals following the court decisions in Innospec and Dougall. Wed, 09 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/2-the-ingredients-of-dishonesty-in-the-cartel-offenceThe Court of Appeal (Criminal Division) has held that mutual dishonesty is not required in order to satisfy the dishonesty element of the cartel offence under section 188 Enterprise Act 2002.Tue, 01 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-rio-tinto-shows-that-the-chinese-government-is-serious-about-combating-corruption-updateThe recent Rio Tinto judgment reiterates the PRC Government`s determination to root out corruption in the PRC.Tue, 01 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/tax/27-vat-fraud-and-due-diligenceThe Court of Appeal has held that, in order to determine if a taxpayer can be denied input tax credit in relation to a transaction connected with MITC fraud, the question is not whether the trader exercised sufficient due diligence but rather whether he should have known that the only reasonable explanation for the circumstances in which his transaction took place was that it was connected to fraudulent evasion of VAT.Wed, 26 May 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/13-crime-international-may-2010International crime newsletter - Issue 5Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/13-key-developments-in-spanish-law-to-tackle-corruptionA brief overview of statutory developments in Spain which aim to tackle corruption.Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/13-prosecuting-bribery-are-plea-deals-a-thing-of-the-pastA look at the Serious Fraud Office`s approach to plea deals, the use of civil recovery orders and the negotiated press release.Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/13-daimler-settles-us-corruption-accusationsUS authorities` investigations against Daimler AG and its subsidiaries for corruption in at least 22 countries.Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/13-benefits-to-private-medical-practitioners-can-result-in-criminal-liability-in-germanyThe Brunswick Higher Regional Court view that medical practitioners are agents of public health insurance companies could result in their criminal liability.Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/13-bribery-act-2010An update on the UK Bribery Bill which has now become an Act of Parliament.Wed, 12 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/10-ba-executives-off-the-hook-as-the-first-contested-criminal-cartel-case-collapsesThe failure to identify and disclose key information to the defence has brought about the collapse of the prosecution case against four defendants accused of the cartel offence.Sun, 09 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/7-trial-by-jury-the-uk-cartel-offence-under-the-microscopeThe issue of dishonesty is at the heart of the first contested prosecution under the UK cartel offence.Thu, 06 May 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0077-rio-tinto-case-in-chinaSimmons & Simmons litigation partner Gareth Hughes talks to colleague Kasin Chan about the People's Republic of China's Government's position on corruption and bribery in light of the recent Rio Tinto judgment. Thu, 06 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/5-new-rules-for-leniency-programmes-and-their-impact-on-internal-compliance-in-germanyWith the 43rd Act on Changes of the German Criminal Law, the legislative body has finally established a general leniency programme, as the result of long discussions.Tue, 04 May 2010 23:00:00 GMThttp://www.elexica.com/nl-NL/legal-topics/crime-fraud-and-investigations/27-nieuwe-oeso-aanbeveling-ter-bestrijding-van-omkopingIn het OESO-Verdrag inzake de bestrijding van omkoping van buitenlandse overheidsfunctionarissen bij internationale zakelijke transacties, worden de lidstaten - waaronder Nederland - opgeroepen tot het nemen van effectieve maatregelen om omkoping te bestrijden. Recentelijk heeft de OESO enkele aanvullende aanbevelingen en oproepen gedaan.Mon, 26 Apr 2010 23:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/crime-fraud-and-investigations/26-die-gro-e-kronzeugenregelung-und-ihre-auswirkungen-auf-die-betriebliche-complianceDurch das 43. Strafrechtsänderungsgesetz hat der Gesetzgeber nach langen Diskussionen eine sogenannte große Kronzeugenregelung geschaffen. Nach der neuen Vorschrift des § 46 b des Strafgesetzbuches (StGB) können Straftäter unter gewissen Voraussetzungen durch freiwilliges Offenbaren ihres Wissens Strafmilderung (bis hin zur Straffreiheit) erlangen, wenn sie hierdurch wesentlich dazu beitragen, dass eine Tat nach § 100 a Abs. 2 der Strafprozessordnung (StPO) aufgeklärt wird.Sun, 25 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-the-bribery-bill-the-race-is-onFollowing the announcement that the next general election will be held on 06 May 2010, the race is on for the Bribery Bill to complete its passage through Parliament. With only two days left of the parliamentary session, will the Bill become the Act?Tue, 06 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0072-directors-in-the-firing-line-for-uk-cartel-finesSimmons & Simmons corporate partner Charles Mayo talks to Martin Smith (EU, competition and regulatory) and Patrick Boylan (litigation) about Safeway's attempt to recoup possible cartel fines from its former directors and employees. Thu, 01 Apr 2010 16:23:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-innospec-limited-a-severe-setback-for-the-sfo-s-fight-against-overseas-corruptionThe Innospec case is a serious setback to the UK`s Serious Fraud Office and its strategy for dealing with overseas corruption.Sun, 28 Mar 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-lehman-cornerstone-of-uk-investor-protection-found-wantingOn 15 December 2009 Mr Justice Briggs of the High Court of England and Wales handed down a Lehman judgment of significance to investor confidence in UK firms, to the speed and complexity of the Lehman administration, to the returns ultimately available to UK creditors in the UK and to the credibility of the Financial Services Authority at an already challenging moment.Fri, 26 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-sfo-raids-and-arrests-in-latest-foreign-corruption-investigationSFO`s anti corruption campaign continues.Fri, 26 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-fsa-launches-its-biggest-raid-yetFSA`s raid in pursuit of `sophisticated and long running` insider dealing operation.Fri, 26 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/22-crime-march-2010Issue 33 of regular updates on business related crime.Mon, 22 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-bae-deal-or-no-dealBAE`s settlement with the UK Serious Fraud Office faces judicial review.Mon, 22 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-why-fraud-is-like-an-elephantA recent case confirms that, while you know it when you see it, fraud itself is rather hard to define.Mon, 22 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-bribery-bill-updateThe latest on the UK Bribery Bill`s race against time.Mon, 22 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-briber-beware-bung-paid-to-solicitor-unrecoverable-from-firmNayyar and others v Denton Wile Sapte and another confirms the ex turpi causa principle: that a claimant may not rely on their own illegal act and that this extends to the retrieval of a bribe which did not bear fruit.Thu, 11 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-the-bribery-act-and-the-fcpaA comparison of the US Foreign Corrupt Practices Act 1977 and the UK`s Bribery Bill.Fri, 05 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-financial-markets-breakfast-briefing-series-2010/the-impact-of-the-bribery-bill-on-financial-institutionsThis session addresses the following questions: what are the key provisions of the Bill, how will the corporate offence of failing to prevent corruption apply to financial institutions, and how might the Bill interface with regulatory risk?Thu, 04 Mar 2010 08:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/4-supreme-court-upholds-decision-to-extradite-ian-norrisNine Supreme Court judges confirm that Ian Norris should face obstruction charges in the US.Thu, 04 Mar 2010 00:00:00 GMThttp://www.elexica.com/es-ES/legal-topics/crime-fraud-and-investigations/1-proyecto-de-ley-de-prevenci-n-del-blanqueo-de-capitales-y-de-la-financiaci-n-del-terrorismo-plpbcA finales de noviembre del año pasado, el Gobierno aprobó la remisión a las Cortes Generales del PLPBC de 27 de noviembre, que transpone al ordenamiento jurídico español las Directivas comunitarias 2005/60/CE y 2006/70/CE.Mon, 01 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/Resources/Training-Landing/2010-Financial-markets-breakfast-briefing-series-2010After a year of far reaching regulatory reform and continued market upheaval, the financial sector is now focusing on identifying opportunities in the new landscape as well as dealing with the legacy of the old. What does this mean in practical terms for market participants? Video recordings and slides from this series of seminars are available here.Thu, 25 Feb 2010 08:00:00 GMThttp://www.elexica.com/en/resources/training-landing/employment-conference-calls/hr-implications-of-the-uk-bribery-actOne of a series of practical telephone calls in English, focussing on employment law in the UK. Aimed primarily at human resources personnel, these recordings may also be of interest to employment lawyers.Thu, 25 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/19-shah-v-hsbc-analysis-of-the-implications-for-sarsHow a recent Court of Appeal ruling may have put banks on a tightrope between criminal sanction for failing to disclose suspicious transactions and civil litigation from disgruntled customers.Fri, 19 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20100210-anti-corruption-a-transatlantic-viewSlides from a breakfast briefing held in February 2010, in which Simmons & Simmons and Cadwalader, Wickersham & Taft LLP discuss developments in US and European anti corruption regimes. Wed, 10 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-sentencing-guidelines-for-corporate-manslaughterGuidelines for corporate manslaughter take financial impact on innocent employees into account but introduce steep minimum fines.Tue, 09 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-shah-v-hsbc-no-poca-safety-netThe Court of Appeal`s ruling in Shah v HSBC has blown open the question of protection afforded to financial institutions when dealing with suspicion and the decision to file a Suspicious Activity Report.Fri, 05 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/14-crime-international-december-2009International crime newsletter - Issue 4Mon, 14 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/14-when-the-insurer-doesn-t-have-to-pay-d-o-insurance-and-the-fraud-exceptionThe Stanford defendants have faced two hurdles to obtaining their D&O cover: the wide ranging receivership order set against their assets, and their insurers` decision to try and convict them.Mon, 14 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/14-uk-bribery-bill-stand-aside-fcpaThe Bribery Bill looks as though it may well win its race against time to pass through the current session of Parliament. As well as changing the playing field for British business, it will also affect many overseas companies too.Mon, 14 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/27-the-stanford-fallout-the-blame-game-continues-as-investors-put-law-firm-into-batStanford’s alleged victims are leaving no stone unturned in their efforts to recover lost capital which, of course, means targeting the professional advisers.Fri, 27 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/9-crime-november-2009Issue 32 of regular updates on business related crime.Mon, 09 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-the-honest-cartelistA look ahead to the cartel trial of BA executives and the difficulties of proving dishonesty; and whether the Australians have (in common with everyone else outside the UK) avoided a major difficulty in their new cartel legislation.Mon, 09 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-waiver-of-privilege-in-plea-deals-a-blank-cheque-that-needs-to-be-filled-outWhile the privilege waiver in the Mabey & Johnson settlement is an idea imported from across the Atlantic, it is a blunt instrument that the US Justice Department subsequently refined.Mon, 09 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-court-of-appeal-confirms-the-fsa-s-power-to-prosecute-money-laundering-offencesThe Court of Appeal has confirmed that the Financial Services Authority has the power to prosecute money laundering offences under POCA.Mon, 09 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/3-corporate-crime-a-brief-overviewAn overview of corporate crime including a money laundering checklist and a view of bribery law now and in the future.Tue, 03 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/13-german-federal-court-lowers-the-bar-for-criminal-liability-of-compliance-officersCompliance Germany - English version.Mon, 12 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/18-crime-international-september-2009International crime newsletter - Issue 3Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/18-first-decision-is-given-in-the-parmalat-affairThe first judicial decision is given in the criminal prosecutions arising from the Parmalat scandal.Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-rio-tinto-shows-that-the-chinese-government-is-serious-about-combating-corruptionThe recent Rio Tinto arrests are part of a much wider initiative to root out corruption in the PRC.Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-rio-tinto-shows-that-the-chinese-government-is-serious-about-combating-corruptionThe recent Rio Tinto arrests are part of a much wider initiative to root out corruption in the PRC.Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-pfizer-s-fine-shows-the-perils-and-politics-of-employees-criminal-activitiesPfizer have paid their fourth fine of the last ten years, to avoid criminal charges by the US authorities.Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-joint-committee-of-parliament-report-on-the-draft-bribery-billThe Joint Committee set up by Parliament to scrutinise the Bill has reported on its hearings and recommended some changes.Thu, 17 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-bribery-law-reform-in-the-uk-companies-to-be-liable-for-failing-to-prevent-corruptionThis article evaluates four offences in the draft Bribery Bill which are most likely to make the final cut, including the most controversial of failing to prevent a bribery.Mon, 14 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/4-international-reach-of-us-cartel-enforcers-former-sas-cargo-director-indictedA former Scandinavian Airlines sales director has been indicted in the US on three counts in relation to the air cargo cartel investigation.Thu, 03 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0038-bribery-in-the-uk-the-bill-is-hereSimmons & Simmons partner Nick Benwell talks to fellow partner Louise Delahunty about the key provisions of the UK's draft Bribery Bill, focusing on the consequences for companies and institutions of the implementation of this latest attempt at reforming the bribery and corruption legislation in the UK. Will companies have to change the way they do business? How can they avoid liability under the proposed corporate offence of failing to prevent bribery? Thu, 03 Sep 2009 15:44:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/28-oversight-july-2009-consultation-on-enhancement-of-the-aml-regime-of-the-financial-sectorOn 09 July 2009, the Financial Services and the Treasury Bureau of Hong Kong issued a consultation paper to gauge public views on the conceptual framework of the legislative proposal to enhance the anti money laundering regulatory regime in respect of the financial sector in Hong Kong. This article provides an overview of the proposed legislation and its potential Implications on the operations of financial institutions.Mon, 27 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/23-combatting-corruption-initatives-in-the-uaeAn analysis of measures put in place to prevent crime in the UAEWed, 22 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/14-crime-july-2009Issue 31 of regular updates on business related crime.Mon, 13 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/9-calls-for-wide-ranging-changes-to-the-aml-and-asset-recovery-regimes-in-the-ukTransparency International publishes a report calling for changes to how the UK combats money laundering.Wed, 08 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-senior-accounting-officers-and-naming-and-shamingA potentially unpleasant package in the Finance Bill 2009?Tue, 07 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-court-gives-sentencing-guidelines-for-insider-dealingSentencing has been upheld in the TTP case and professional traders are likely to face steeper sentences in future.Tue, 07 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0025-civil-fraud-and-freezing-orders-in-the-netherlandsSimmons & Simmons litigation lawyer Johan Polet talks to colleague Ton van Oosten about civil fraud and the possibilities of freezing orders in the NetherlandsThu, 02 Jul 2009 13:47:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0024-corporate-crime-prosecution-trendsSimmons & Simmons corporate crime lawyer Claire McLeod (London) talks to colleague Petra van Kampen (Rotterdam) about trends in the prosecution of corporate crime offences in the UK and The Netherlands. Tue, 23 Jun 2009 13:40:00 GMThttp://www.elexica.com/en/legal-topics/tax/18-member-states-get-boost-in-their-fight-against-cross-border-tax-evasionLonger statute of limitations for concealed assets held in foreign bank accounts in line with EC law.Wed, 17 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/15-covert-surveillance-and-privileged-conversationsThe House of Lords has held that, provided certain stringent conditions are met, the state is entitled to conduct covert surveillance, pursuant to the Regulation of Investigatory Powers Act 2000 (RIPA), of a detainee`s consultations with his legal and medical advisers.Sun, 14 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/8-crime-june-2009Issue 30 of regular updates on business related crime.Sun, 07 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0020-market-abuse-post-parmalatSimmons & Simmons corporate crime lawyer Luca Basilio talks to colleague Richard Sims about the first decision of an Italian court on the Parmalat scandal.Wed, 03 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-plea-negotiation-a-new-approach-to-prosecutionsPlea bargaining (or something like it) comes to BritainThu, 28 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-fsa-s-review-of-the-financial-sanctions-regimeThe FSA finds misconceptions among businesses about what its sanctions regime does.Thu, 28 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-ian-norris-the-end-of-the-roadIan Norris appears to be out of options in resisting his extradition.Thu, 28 May 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0016-missellingSimmons & Simmons partner Marc Thorley talks to colleague Richard Sims about misselling claims, which will be a prominent part of the 2009 litigation and regulatory landscapes. Already there are substantial actions in the UK, Hong Kong and the US. Where are the pressure points, what are the areas of risk for UK institutions, and what are the regulatory implications? Thu, 21 May 2009 11:10:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/13-crime-international-may-2009International crime newsletter - Issue 2Tue, 12 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-combating-corruption-initiatives-in-the-uaeThis article provides an overview of some of the initiatives that have been taken by the Abu Dhabi and Dubai Governments to combat corruption in the United Arab Emirates.Sun, 10 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/8-asset-recovery-in-the-netherlandsThis article looks at the speed and ease with which injunctive relief can be obtained in the Netherlands for preserving and recovering misappropriated assets.Thu, 07 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-pacific-consultants-international-directors-found-guilty-in-japan-of-bribing-a-vietnamese-officialThis article considers Japan`s increasingly hard line against overseas corruption, which is illustrated by the conviction of three senior directors, guilty of bribing a high ranking Vietnamese official.Thu, 07 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-proposals-for-the-review-of-criminal-process-in-franceThis article reviews proposals by President Sarkozy to reform the French criminal process, abolishing the Investigating Magistrate and increasing the power of the Executive in the person of the Public Prosecutor.Thu, 07 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/8-us-prosecutors-unable-to-pursue-british-bankThe long arm of US jurisdiction has a finite length after all.Thu, 07 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-criminalisation-of-the-business-worldThe criminal law was something that directors could generally ignore in the 1990s. Since then, a raft of new criminal laws has been introduced, which has fundamentally altered the corporate governance landscape.Tue, 21 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/27-crime-march-2009Issue 29 of regular updates on business related crime.Fri, 27 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-switzerland-eases-banking-secrecy-lawsThis article discusses whether Swiss cooperation on tax disclosure marks the end of a secretive world.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-new-framework-on-plea-discussions-in-fraud-casesThis article provides a quick update on the new framework for plea discussions in fraud cases.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-why-shouldn-t-mckinnon-be-tried-here-instead-of-the-usLike the NatWest Three, Gary McKinnon has been turned down by the UK authorities in his request to be tried here.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-who-s-been-cooking-former-restaurant-boss-pleads-guilty-to-insider-dealingThis article explains how the former operations manager of the Belgo restaurant group avoided jail by a whisker.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-money-laundering-in-the-counter-terrorism-act-2008This article discusses the new requirements put upon financial and credit institution by the CTA.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-fsa-beefs-up-its-criminal-prosecutions-capability-but-comes-under-criticismWhile reforms proposed by the FSA may not silence its critics they do show that it is still open for business.Wed, 25 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/19-subsidiary-or-additional-charges-the-norris-case-is-back-in-courtHaving failed to extradite Ian Norris for price fixing, the US authorities are now seeking to extradite him for so called `subsidiary` offences connected to it.Thu, 19 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0004-corporate-crime-in-the-credit-crisisSimmons & Simmons Partner Louise Delahunty talks to fellow partner Nick Benwell about key UK and international trends in corporate crime and fraud coming out of the credit crisis. Wed, 18 Mar 2009 12:10:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/11-credit-provisions-trading-documentation-scrutinisedThis article explores some of the credit related provisions in trading documentation that have come under pressure in the light of the failure of Lehman Brothers and adverse market conditions.Wed, 11 Mar 2009 00:00:00 GMThttp://www.elexica.com/nl-NL/legal-topics/crime-fraud-and-investigations/11-interne-fraudeInterne fraude is helaas aan de orde van de dag, juist ook in tijden van economische crisis met een toenemende neerwaartse druk op beloningen en bonussen. Bij het voorkomen ervan is een goede balans tussen vertrouwen en controle het uitgangspunt.Wed, 11 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-bringing-bribery-law-up-to-dateThe Law Commission proposals.Mon, 02 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/26-oversight-february-2009-a-summary-of-the-sfc-s-report-on-the-issues-raised-by-lehman-minibondsIn December 2008, the Hong Kong Securities and Futures Commission submitted its report entitled `Issues raised by the Lehman minibonds crisis` to the Financial Secretary. This article provides a brief summary of the Report with regard to the issues which may be relevant to intermediaries, including fund managers and distributors of funds and other investment products.Thu, 26 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-bank-charges-under-review-office-of-fair-trading-v-abbey-national-plc-and-othersOn 26 February 2009, the Court of Appeal handed down judgment in Office of Fair Trading v Abbey National and Others, the test case between seven banks and one building society and the Office of Fair Trading.Thu, 26 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-bribery-and-corruption-a-bill-with-more-biteThe Law Commission`s draft Bill on bribery aims to strengthen UK law and improve its image as a force to be reckoned with in the international fight against fraud.Wed, 25 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-trust-your-instincts-in-poca-disclosuresThis article outlines a recent ruling that gives reassurance to banks and other businesses that they will not be held liable for delays resulting from putting in requests to continue with transactions under the Proceeds of Crime Act 2002.Wed, 25 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime-international/23-crime-international-february-2009International crime newsletter - Issue 1Mon, 23 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-fox-hayes-the-fsa-wins-its-first-trip-to-the-court-of-appealThe FSA`s crusade for `credible deterrence` received a fillip on 17 February 2009 when the Court of Appeal handed down its decision in the Fox Hayes financial promotions case.Fri, 20 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/17-corporate-criminal-liability-in-italyIs the `organisational model` introduced under Italian criminal law as a defence to corporate criminal liability an efficient shelter?Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-new-aml-law-in-franceThe French Government has implemented the third Anti Money Laundering Directive (AML Directive) into French law, extending reporting obligations and adopting a risk sensitive approach to due diligence measures.Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-extradition-from-the-uk-to-the-us-europe-and-russia-do-not-pass-goAn update on the increase in extradition activity in the UK and the challenges that are being made.Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-risk-litigation-key-trends-in-the-uk-and-internationallyAt this unique time of global financial crisis, companies and institutions are looking at how best to mitigate risk as the meltdown leads to a call for action by regulators and prosecuting agencies.Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/17-prc-clampdown-on-corruptionEntities doing business in China should no longer proceed on the traditionally held view that bribery and corruption form an integral part of doing business in China.Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/17-tax-evasion-and-money-launderingIn the Netherlands, companies and their advisers should be aware of a recent judgment extending their liability and money laundering reporting obligations in respect of undeclared income.Tue, 17 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/11-madoff-an-introductory-guideThe recording and slides of a teleconference held by Simmons & Simmons Insurance Group on 21 January 2009.Wed, 11 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/10-madoff-any-deep-pockets-in-the-ukThis article looks at whether the Madoff fraud will result in claims against UK professionals.Tue, 10 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/10-riding-the-tiger-the-satyam-fraudThis article outlines what has been happening at Satyam; a fraud that is being called `India`s Enron`.Tue, 10 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/10-solicitors-liability-for-filing-fraudulent-witness-statementsThis article looks at a recent Court of Appeal case in which the respondent to a freezing injunction sued the applicant`s solicitors in deceit for filing an affidavit from their clients that the court held to contain lies.Tue, 10 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/3-crime-january-2009Issue 28 of regular updates on business related crime.Tue, 03 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-the-importance-of-anti-corruption-systems-and-controls-fsa-imposes-record-fineThe FSA imposes a record fine as part of its drive to create credible deterrence through substantial sanctions.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-transparency-international-publishes-bribery-indexTransparency International`s Bribe Payer`s Index ranks 22 leading exporting countries by the tendency of their firms to bribe abroad. It is based on a survey of over 2,742 business executives in 26 countries.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-uk-law-commission-proposes-reforms-to-the-law-of-briberyThe UK Law Commission has proposed a series of reforms to the law of bribery, to replace the patchwork of offences, old and new, which currently make up the law. If enacted, these reforms will bring about much needed changes to the law of bribery.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-regulatory-enforcement-and-fraud-prosecutions-in-2008What the regulators did last year.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-fsa-releases-report-on-perceptions-of-financial-crimeFSA report finds financial crime is perceived to be increasing.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-high-financial-stakesWith the guilty plea of Anurag Dikshit of PartyGaming PLC, the US authorities show their willingness and ability to convict companies doing business with Americans from overseas via the internet.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-immunity-from-prosecution-fsa-to-have-the-power-to-grant-statutory-immunityThe FSA may get a substantial new weapon in their fight against white collar crime.Tue, 27 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/Resources/Microsite/Anti-money-launderingThis resource is a comparative guide to anti money laundering laws and regulations across various jurisdictions. It includes information on potential criminal liability, plus local requirements for client due diligence and reporting obligations.Thu, 01 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/16-crime-december-2008Issue 27 of regular updates on business related crime.Tue, 16 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-transparency-international-publishes-bribery-indexThe UK`s corporations perform better than might be expected but British authorities are still regarded as ineffective and awareness of anti bribery laws is low.Fri, 12 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-searches-warrants-and-rights-of-entryWith the arrest of Damian Green and police searches of his home, constituency and parliamentary offices, this article looks at the law surrounding search warrants and seizures.Fri, 12 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-law-commission-proposes-reforms-to-the-law-of-briberyThe Law Commission suggests improvements to the way law regarding corrupt payments made both at home and abroad and proposes an offence of negligently failing to prevent bribery.Fri, 12 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-credit-crisis-teleseminar-document-risk-and-preparing-for-investigationsThis is a brief summary of the document risk and preparing for investigations teleseminar held by Simmons & Simmons on 11 November 2008.Thu, 27 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/25-cartel-prison-sentences-slashedCourt of Appeal unimpressed with the US-UK deal on the marine hose three and the severity of the UK sentencing.Tue, 25 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/mergers-and-acquisitions/19-shanghai-land-a-fatal-injectionA look at the repercussions for company executives, investment bankers and lawyers, and the `lessons` to be drawn from Shanghai Land - a case involving false statements made in public takeover and other documents in Hong Kong, which resulted in two senior company managers, two investment bankers and three lawyers being held criminally liable and imprisoned.Wed, 19 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/31-crime-october-2008Issue 26 of regular updates on business related crime.Fri, 31 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/30-marine-hose-cartel-update-a-uk-appeal-and-a-settlement-in-brazilIn the global marine hose cartel, the UK Court of Appeal is considering the sentences imposed in the first prosecutions for the cartel offence, and the Brazilian Authorities have authorised settlement with one of the cartelists.Thu, 30 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-balfour-beatty-case-has-plea-bargaining-begunThe Serious Fraud Office has used new powers gained in April 2008 to obtain a civil recovery order in a landmark corruption case.Wed, 29 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-european-arrest-warrant-risks-for-businessThe EAW is back in the spotlight following the controversial case of Fredrick Toben.Wed, 29 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-ex-ba-executive-to-be-jailed-in-us-for-price-fixingFormer commercial general manager of BA World Cargo, Keith Packer is facing an eight month prison sentence in the US after agreeing to a plea deal in respect of price fixing charges.Wed, 29 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-anti-money-laundering-issues-in-europe-an-updateThe EU Commission has announced that it has referred Belgium, Ireland, Spain and Sweden to the European Court of Justice.Wed, 29 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-computer-crime-updated-for-the-internet-as-government-unveils-new-cyber-crime-unitMeasures came into force on 01 October 2008 widening the scope of computer hacking offences as a new police unit is set up to deal with cyber crime.Wed, 29 Oct 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/2-crime-september-2008Issue 25 of regular updates on business related crime.Wed, 01 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/2-guilty-plea-results-in-eight-months-in-jail-and-a-us-20-000-fine-for-former-ba-executiveA UK citizen is facing jail in the United States for price fixing in the air cargo cartel.Wed, 01 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-greenpeace-activists-had-lawful-excuse-for-criminal-damageA jury has held that vigilante action against a coal fired power plant had the lawful excuse of protecting property all over the world from the threat of climate change.Mon, 29 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-mckinnon-loses-appeal-to-the-european-court-of-human-rightsThe European Court of Human Rights holds that prison conditions in the United States will not violate McKinnon`s human rights. He now faces the prospect of being extradited and tried for crimes committed in a country he has never set foot in: a stark example of how long the arm of the law really is.Mon, 29 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-first-uk-conviction-for-bribery-overseasA new City of London police unit gains its first conviction and the UK`s first conviction for overseas bribery. But will this help restore the UK`s battered reputation for tackling overseas corruption?Mon, 29 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-fsa-wins-judge-s-approval-to-continue-insider-dealing-prosecutionsAn attempt to derail an FSA prosecution for insider dealing due to the prosecution being brought without the permission of the Secretary of State ends in failure. A judge rules that Parliament intended the Authority to be at the forefront of market regulation and does not need such permission.Mon, 29 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/14-crime-august-2008Issue 24 of regular updates on business related crime.Wed, 13 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-fsa-cracks-down-on-insider-dealingThe FSA is making good its promises to get tough. Last month saw another businessman in court and a US style swoop culminating in eight arrests. The third prosecution is set for next month.Sun, 10 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-house-of-lords-rules-out-making-mckinnon-plea-bargaining-as-an-abuse-of-processA plea bargaining arrangement must threaten unlawful action for it to bar extradition to the United States.Sun, 10 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-anti-money-laundering-competency-list-more-problems-in-europeThe publication of a draft list of countries considered by the EU to be anti money laundering competent has caused consternation in the offshore community.Sun, 10 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-caught-between-a-rock-and-a-hard-place-the-sfo-and-al-yamamahThe House of Lords` unanimous ruling on the SFO Director`s decision to halt the Al Yamamah enquiry upholds the Director`s decision. The Lords overturned the previous ruling by the Divisional Court and held that the decision by the Director to abort the enquiry in the face of threats of non cooperation from the Saudi authorities on national security matters was lawful.Sun, 10 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/8-criminal-charges-in-fuel-surcharges-caseFour executives charged with criminal price fixing in the BA/Virgin passenger fuel surcharge cartel.Thu, 07 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/29-crime-july-2008Issue 23 of regular updates on business related crime.Mon, 28 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/29-price-fixing-prosecutions-in-the-generics-case-halted-on-a-technicalityA technicality has frustrated the SFO`s conspiracy to defraud case, but the SFO isn`t giving up Operation Holbein just yet.Mon, 28 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/29-extradition-round-two-the-ian-norris-sagaIan Norris is again facing the prospect of extradition to the US after District Judge Nicholas Evans ruled that he should be extradited on obstruction charges. The Home Secretary has 60 days in which to take the final decision on extradition.Mon, 28 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/16-sfo-s-price-fixing-case-is-haltedThe SFO`s price fixing case against five drug companies has come to an abrupt end after a Crown Court Judge ruled that the indictment could not be amended.Tue, 15 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-sfo-embraces-change-to-improve-fight-against-fraudThe director of the SFO, Richard Alderman, is soon to announce a consultation which proposes to implement some of the reforms recommended by the former senior New York prosecutor Jessica de Grazia in her review of the SFO published in June.Thu, 10 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-first-scpos-madeThe first Serious Crime Prevention Orders have been made by the Crown Court against three people convicted of money laundering.Thu, 10 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-fsa-marks-the-end-of-the-hbos-affairThe FSA has decided that there is insufficient evidence to take any action in relation to the HBOS share price collapse, despite the belief that market abuse was to blame.Thu, 10 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-money-laundering-problems-in-europeOver half of the EU`s Member States have failed to implement the Third EU Money Laundering Directive and the Commission has commenced infringement proceedings against fifteen countries.Thu, 10 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/8-recovery-barred-where-claim-based-on-own-fraudulent-conductIn Moore Stephens (a firm) v Stone & Rolls Ltd (in liq) the Court of Appeal struck out Stone & Rolls` claim against Moore Stephens, on the basis that it was barred by the public policy principle expressed in the maxim ex turpi causa non oritur actio (a cause of action may not be founded on an illegal or immoral act).Mon, 07 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/4-the-financial-ombudsman-service-is-not-required-to-apply-english-lawIn determining complaints referred to it under its compulsory jurisdiction under FSMA 2000, the Financial Ombudsman Service (FOS) is not required to apply the common law of England & Wales. Instead, a complaint referred to FOS is to be determined by reference to what is, in the opinion of the ombudsman, fair and reasonable in the circumstances of the case.Thu, 03 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/25-a-uk-class-action-hfc-bank-targeted-over-insurance-missellingA discussion of the planned UK `class action` by consumers against HFC Bank, an HSBC subsidiary, for alleged misselling of payment protection insurance (PPI), in particular, the means by which UK law can support `class actions`.Tue, 24 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/11-uk-first-jail-terms-imposed-for-uk-cartel-offenceIn a UK first, three executives have been imprisoned for up to three years for their role in an international cartel in the marine hose sector.Tue, 10 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/4-crime-june-2008Issue 21 of regular updates on business-related crime.Tue, 03 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-information-commissioner-gains-powers-to-impose-financial-penalties-for-data-protection-breaches08 May 2008 saw the arrival of the Criminal Justice and Immigration Act 2008 which gave the Information Commissioner the power to impose hefty fines for deliberate or reckless data protection breaches.Wed, 28 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-fsa-hands-out-two-large-finesThe FSA issued two large fines to Axa and UNAT Direct in May 2008.Wed, 28 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/29-developments-and-trends-in-international-disputesCovering price fixing decisions, new class actions laws in Italy, the EU white paper on competition damages actions, the EU directive on mediation, the Dubai international arbitration centre, case updates and some developments in international arbitration.Mon, 28 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-corporate-manslaughter-controlling-mind-obstacle-removedThis article looks at the new criminal offences of corporate manslaughter in England, Wales and Northern Ireland, and a new offence of corporate homicide in Scotland created by The Corporate Manslaughter and Corporate Homicide Act 2007, which came into force on 06 April 2008 after a long and troubled gestation.Sun, 20 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/5-ian-norris-survives-to-fight-another-dayThe House of Lords has settled the controversy concerning when a cartel might constitute conspiracy to defraud. Its decision in Norris v United States of America & ors has shielded Mr Ian Norris, the ex CEO of Morgan Crucible, from extradition to face a pFri, 04 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-rogue-trader-the-aftershocks-and-the-role-of-criminal-lawOn 24 January 2008, French bank Société Générale (SocGen) revealed it was facing losses of €4.9bn as the result of the activities of a rogue trader. The news was terrible and shocking, but not exactly a surprise.Thu, 20 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/14-ian-norris-survives-to-fight-another-day-scope-of-the-common-law-conspiracy-to-defraud-clarifiedThe House of Lords has settled the controversy around when a cartel might constitute conspiracy to defraud, shielding Mr Ian Norris from extradition to face a price fixing charge. But a district judge must now decide whether to extradite on connected charFri, 14 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/19-doctors-in-germany-must-not-accept-expensive-giftsThe first Chamber for Commercial Matters of the Regional Court in Munich has found that pharmaceutical companies are not allowed to give doctors `expensive gifts`.Tue, 19 Feb 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/15-fsa-adopts-new-cold-calling-approach-to-market-abuse-casesIt has been reported that the Financial Services Authority is using a new tactic in its policing of the markets in relation to suspected insider dealing and market abuse. The FSA has been `cold calling` traders and investors it suspects of potential markeFri, 15 Feb 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/7-crime-december-2007Issue 19 of regular updates on business-related crime.Fri, 07 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-law-commission-report-on-reforming-the-uk-law-of-briberyThe Law Commission moved quickly to produce its Reforming Bribery Consultation Paper which includes a thorough analysis of the difficulties and complexities surrounding legislating on this aspect of the criminal law. The main thrust is that the existing law should be simplified and codified into a single Act of Parliament...Wed, 05 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-natwest-3-the-end-gameDoes the three year sentence accepted by the `NatWest 3` negate the arguments made during the campaign against the imbalance in the UK/US extradition regime?Wed, 05 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-ferrari-mclaren-and-industrial-espionageThe accusations of industrial espionage by the McLaren Formula One team against Ferrari highlighted the potential penalties for engaging in industrial espionage and showed how a combination of actions - civil, criminal and regulatory - can effectively nullify the advantage gained by a competitor.Wed, 05 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-how-to-donate-to-political-partiesDespite the apparent confusion surrounding contributions to the Labour party from businessman David Abrahams, described at length and with glee in the media, the UK rules governing donations to political parties are very straightforward.Wed, 05 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/6-crime-november-2007Issue 18 of regular updates on business-related crime.Tue, 06 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-pwc-fraud-reportPricewaterhouseCoopers issued their fourth Global Economic Crime Survey 2007.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-sentences-handed-down-in-biggest-ever-drugs-counterfeiting-caseConspirators received sentences ranging from 18 months to six years for their parts in a counterfeiting operation which generated over £2m profits.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-serious-crime-actThe SCA received Royal Assent on 30 October 2007.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-criminal-conviction-for-independent-insurance-directorsMichael Bright, the former chief executive of Independent Insurance and two of his directors received jail sentences for their parts in a fraud that helped to cause the company`s downfall.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-european-arrest-warrant-commission-reportThe European Commission published a report on the implementation of the European Arrest Warrant since 2005, which includes criticisms of the procedures several countries have adopted to implement it.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/5-new-absolute-tipping-off-offenceProposed amendments to the tipping off offence fail to recognise the importance of a solicitor`s duty of disclosure to his client. The proposed offence will effectively constrain solicitors from providing legal advice, prohibiting them from advising on the consequences of a report, even when giving this advice would be very unlikely to prejudice an investigation.Mon, 05 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/14-commercial-fraud-the-art-of-private-policingThis article looks at some of the ways in which civil actions can be used to tackle fraud head on, and in a way still consistent with sober commercial objectives and careful, practical decision making.Thu, 13 Sep 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/12-cartel-conspiracy-case-prompts-board-resignationsThe criminal case against five generic drugs companies and nine of their executives accused of fixing prices of drugs supplied to the NHS claimed resignations.Tue, 11 Sep 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/14-the-serious-crime-bill-introducing-corporate-asbosIf the Serious Crime bill passes into law in its current form, the resulting Act will create a significant new layer of business risk and could compel employers to monitor their employees` activities more closely. It will become extremely difficult for businesses to balance the legitimate right of protecting themselves from fraud and sanction with the need to comply with legislation designed to protect the privacy of their employees.Mon, 13 Aug 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-former-drug-agency-chief-executedZheng Xiaoyu, former head of China`s State Food and Drug Administration was executed in July 2007 after he was found guilty of taking bribes whilst in office.Mon, 06 Aug 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/7-former-drug-agency-chief-executedZheng Xiaoyu, former head of China`s State Food and Drug Administration was executed in July 2007 after he was found guilty of taking bribes whilst in office.Mon, 06 Aug 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/30-see-you-in-court-mr-presidentAn article looking at the trend in suing retired political leaders.Sun, 29 Jul 2007 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/13-crime-june-2007Issue 17 of regular updates on business-related crime.Tue, 12 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-phone-tappingThe House of Lords passed an amendment to the controversial Serious Crime Bill to allow intercept evidence to be relied on in certain trials.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-proceeds-of-crime-act-money-laundering-and-tax-evasionThe decision by the Court of Appeal extends the vigilance required of Money Laundering Officers who now have a responsibility to act where they have suspicions that funds include sums of unpaid tax.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-serious-organised-crime-agency-powersA Court of Appeal judgment illustrates the draconian powers granted to the Serious Organised Crime Agency which may be brought into play under the Proceeds of Crime Act and which may be triggered by no more than a bank’s suspicion, which does not even have to be reasonable.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-financial-services-authority-finesThe Financial Services Authority has fined two banks for weak anti fraud controls.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-first-criminal-antitrust-dawn-raid-at-a-uk-home-addressThe European Commission and national enforcement agencies in the US, Italy, UK and France have conducted raids and made arrests in an investigation into bid rigging in the marine hose industry.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-norris-extradition-latest-developmentThe House of Lords will hear Ian Norris`s appeal against extradition to the US on price fixing charges.Mon, 11 Jun 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/30-shades-of-grey-a-look-at-ipo-grey-market-trades-in-hong-kongThe recent High Court decision in Woo Hing Keung Lawrence v CEF Brokerage Limited has, for the first time in Hong Kong, provided judicial guidance on the validity as between client and broker of what are fairly common arrangements before an IPO, namely `grey market` trades.Tue, 29 May 2007 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/25-crime-april-2007Issue 16 of regular updates on business-related crime.Tue, 24 Apr 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-insider-dealing-the-size-of-the-problemThe results of the 2007 Financial Services Authority study.Tue, 24 Apr 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-fraud-act-2006-and-the-privilege-against-self-incriminationA small but potentially significant provision in the Fraud Act has diminished the privilege against self incrimination, making civil recoveries easier and exposing defendants in civil fraud cases to a greater risk of criminal investigation.Tue, 24 Apr 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-improper-market-behaviourThe type of behaviour which falls foul of the regulations in the Financial Services and Markets Act 2000 and the Financial Services Authority`s powers to investigate.Tue, 24 Apr 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/3-the-uk-fraud-act-impact-on-sales-rep-misconductThe new legislation creates, for the first time, a general offence of fraud that can be committed in three ways.Mon, 02 Apr 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-the-third-european-union-anti-money-laundering-directiveIn January 2008 the UK Government published the draft Money Laundering Regulations 2007 to implement the Third European Money Laundering Directive. Although inhouse lawyers are not directly affected by the provisions covering `independent legal professionals` in the Regulations, they should be aware of the consequences of this new regime. Their businesses may fall under the widened scope of the Directive, and their financial and legal advisers will certainly be affected.Mon, 12 Mar 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/12-raising-the-stakes-for-international-corporate-compliance-an-analysis-of-the-norris-extradition-proceedingsIn January, Ian Norris, the ex CEO of Morgan Crucible, came a step closer to facing antitrust charges in the US when he lost a High Court appeal to overturn an extradition decision against him. If the judgment stands, it will significantly increase the chances of business people accused of antitrust activity in the US being extradited to stand trial there. The story is not yet over, however – lawyers for Mr Norris are applying for leave to appeal to the House of Lords.Mon, 12 Mar 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/27-developments-and-trends-in-international-disputesThis article looks at developments in arbitration (England and Hong Kong), freezing assets (Singapore) and US corporate crime investigations.Tue, 27 Feb 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/23-extradition-on-price-fixing-charges-loomsA recent decision of the English Court of Appeal highlights the risks faced by international business executives who find themselves embroiled in US cartel investigations.Fri, 23 Feb 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-european-ecological-crimesIn February 2007, the European Commission published a proposal to standardise the punishment of environmental offences through criminal law. This article considers what difference this proposal would make to businesses in the UK.Thu, 22 Feb 2007 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/21-crime-january-2007Issue 15 of regular updates on business-related crime.Wed, 21 Feb 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-internal-investigations-what-issues-should-be-consideredInternal investigations often have to be carried out quickly but thoroughly. The conclusions reached may then be tested by regulators or others. In this briefing we highlight many of the issues which will need to be considered when taking part in an internal investigation.Thu, 15 Feb 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-long-arm-of-us-authorities-uk-financial-institutions-subpoenaed-in-internet-betting-investigationsFollowing the arrest of Peter Dicks, director of online gambling company Sportingbet, in the US in September last year, the US Department of Justice has now ordered many UK investment banks, accountants and law firms to hand over all papers and records connected with internet gambling firms, as part of their investigation into illegal online gambling in America.Mon, 29 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-new-serious-crime-bill-targeted-at-fraudstersThe Serious Crime Bill, introduced in the House of Lords on 17 January 2008, is the UK Government`s initiative to target those involved in serious crime including fraud and money laundering. It creates two new offences and proposes the establishment of a `Serious Crime Prevention Order` which will impose restrictions on people who are suspected of being involved in serious crime.Mon, 29 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-fraud-act-2006The Fraud Act, which came into force on 15 January 2007, radically broadens the ambit of dishonesty offences, creating a new offence of fraud for which the maximum sentence is 10 years imprisonment.Mon, 29 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/29-the-demise-of-the-assets-recovery-agencyFrom 2008 the Assets Recovery Agency will merge with the Serious Organised Crime Agency and its powers will be extended to the Crown Prosecution Service, the Revenue and Customs Prosecutions Office and the Serious Fraud Office.Mon, 29 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/26-extradition-on-anti-trust-charges-looms-as-the-norris-appeal-failsThe spectre of extradition to the USA to face allegations of price fixing and obstruction of justice looms closer for Ian Norris, ex-CEO of Morgan Crucible following a High Court judgment rejecting his appeal against the extradition order. If the judgmentFri, 26 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-the-fraud-review-effect-on-businesses-managing-fraudThe Attorney General, Lord Goldsmith, published the final report of the Government`s Fraud Review in July 2006. In this briefing, we analyse some of the Review`s key recommendations and look at the implications for businesses seeking to manage fraud risk.Sun, 21 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/29-crime-november-2006Issue 14 of regular updates on business-related crime.Wed, 29 Nov 2006 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-the-battle-against-corruption-is-it-being-lostCorruption remains a major obstacle to international business, according to a survey commissioned by Simmons & Simmons and Control Risks, the London based international risks consultancy. What can companies do to address the issue? Bribery is a sensitive subject, and one that risks ending up in the `too difficult` pile. In this briefing, we analyse the results of the survey and look at ways in which leading companies are seeking to fight back against corrupt policies.Tue, 21 Nov 2006 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/17-crime-september-2006Issue 13 of regular updates on business-related crime.Mon, 16 Oct 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-corporate-manslaughter-new-offence-aims-to-overcome-current-identification-issuesThe Corporate Manslaughter and Corporate Homicide Bill received royal assent on 26 July 2007 and will come into force on 06 April 2008. The Act creates a new criminal offence of corporate manslaughter in England, Wales and Northern Ireland and a new offence of corporate homicide in Scotland. This article (1) highlights the shortfalls with the existing regime; (2) outlines the new offence; and (3) discusses its implications for companies.Sat, 14 Oct 2006 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/10-crime-july-2006Issue 12 of regular updates on business-related crime.Sun, 09 Jul 2006 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/30-crime-may-2006Issue 11 of regular updates on business-related crime.Mon, 29 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/26-disclosure-obligations-go-madNew rules on disclosure and handling of inside information and the EU Market Abuse Directive (MAD).Thu, 25 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-contaminated-landOverview of the legal requirement on companies to clean up contaminated land.Wed, 24 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/25-risks-associated-with-bribery-and-corruptionThe UK now imposes one of the toughest anti corruption regimes in the world on its companies and nationals. The purpose of this article is to highlight the key laws on bribery and corruption as they apply to UK businesses operating overseas, and to look at how such businesses might implement anti corruption regimes.Wed, 24 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-cartels-dawn-raids-and-leniency-the-risks-faced-by-directorsGiven the potential penalties faced by directors and other officers of a company if they are implicated in a cartel, it is important that directors are aware of the types of conduct that can lead to criminal and civil sanctions, as well as what they can do to protect against or mitigate these risks.Sun, 21 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-considerations-when-tackling-employee-fraudA business which sets out to tackle employee fraud should not lose sight of the objectives which motivated it to do so, as the ultimate aim of the process will determine how it ought to be conducted.Sun, 21 May 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/22-health-and-safety-risk-assessmentThe main duties under health and safety law and the need for risk assessment, a five stage process for carrying out a risk assessment, and practical points in relation to risk assessment.Sun, 21 May 2006 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/6-crime-march-2006Issue 10 of regular updates on business-related crime.Wed, 05 Apr 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/21-extradition-fraud-judicial-reviewA case summary of R (Bermingham and Others) v Director of the SFO; Bermingham and Others v Government of the USA.Tue, 21 Mar 2006 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-review-of-the-natwest-three-and-norris-us-extradition-casesReview and commentary on the High Court rulings in the high profile US extradition cases on the NatWest Three (Bermingham and others) and Norris.Tue, 28 Feb 2006 00:00:00 GMThttp://www.elexica.com/en/legal-topics/tax/9-vat-and-carousel-fraudThe ECJ has ruled that an innocent trader caught up unwittingly in a circular missing trader fraud cannot be denied input VAT recovery.Thu, 09 Feb 2006 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/6-crime-january-2006Issue 9 of regular updates on business-related crime.Mon, 06 Feb 2006 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/13-crime-october-2005Issue 8 of regular updates on business-related crime.Fri, 13 Jan 2006 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/11-crime-april-2005Issue 7 of regular updates on business-related crime.Sun, 10 Jul 2005 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/30-crime-november-2004Issue 6 of regular updates on business-related crime.Tue, 30 Nov 2004 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/13-crime-august-2004Issue 5 of regular updates on business-related crime.Thu, 12 Aug 2004 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/4-crime-november-2003Issue 4 of regular updates on business-related crime.Thu, 04 Dec 2003 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/4-crime-september-2003Issue 3 of regular updates on business-related crime.Thu, 04 Dec 2003 00:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/20-summary-of-un-anti-corruption-conventionSummary of UN anti corruption conventionThu, 20 Nov 2003 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/27-crime-may-2003Issue 2 of regular updates on business-related crime.Mon, 26 May 2003 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/crime/22-crime-march-2003Issue 1 of regular updates on business-related crime.Mon, 21 Apr 2003 23:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/28-the-proceeds-of-crime-act-2002A summary of the main provisions.Tue, 27 Aug 2002 23:00:00 GMThttp://www.elexica.com/en/legal-topics/banking/20-money-launderingThe adoption, by 11 banks, of the `Wolfsberg AML Principles` – a code to prevent money laundering in international private banking.Wed, 20 Dec 2000 00:00:00 GMT