The Omnibus Simplification Package: reduced EU corporate sustainability reporting?

Cassandra Bozikovic January 7, 2025 0 Comments

The European Union is expected to publish an Omnibus Simplification Package (Omnibus) in February 2025 aimed at consolidating existing EU corporate sustainability reporting requirements. Those requirements are contained within the EU Taxonomy Regulation (the Taxonomy Regulation), the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). The EU Commission President, Ursula […]

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Failure to prevent fraud: what is the risk to overseas companies?

Lucy Davies December 19, 2024 0 Comments

Last month, the government released guidance on the new corporate criminal offence of failure to prevent (FTP) fraud. In the first of a series of related articles, we analysed what companies and their advisers need to know about this significant development. In the second instalment, we explained how ESG fraud is likely to be a key […]

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Relief from Sanctions: The forewarning of a merits-based escape

Lucy Davies December 4, 2024 0 Comments

Few words strike fear into the hearts of litigators more than reference to “the Denton principles’. These are the principles which the English court applies when considering an application for relief from sanctions. In other words, the yardstick against which petitions for leniency are measured when there has been a breach of the procedural rules. […]

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Failure to prevent fraud: key insights from Nick Vamos on A Lawyer Talks

Cassandra Bozikovic December 3, 2024 0 Comments

The new offence of failure to prevent fraud comes into force on 1 September 2025 and the Serious Fraud Office (SFO) has warned that “time is running short for corporations to get their house in order or face criminal investigation”. The offence puts the responsibility onto companies to take steps to prevent the commission of […]

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Rachel Cook

CPS offers no evidence following abuse of process application

Cassandra Bozikovic November 27, 2024 0 Comments

The Crown Prosecution Service (CPS) has offered no evidence against Peters & Peters’ client – a high-net-worth businessman – following an application to stay the case as an abuse of process. Arising out of a family dispute, our client, along with three others, was alleged to have committed a robbery in 2020. The allegation had […]

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Thinking page

New government guidance shows regulators are laser focused on ESG fraud

Cassandra Bozikovic November 27, 2024 0 Comments

Earlier this month, the government released guidance on the new corporate criminal offence of failure to prevent (FTP) fraud. In the first of a series of four articles, we analysed what companies and their advisers need to know about this significant development. In this second instalment, we explain how ESG fraud is likely to be […]

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Peters & Peters

Mountains and molehills: does new government fraud guidance help companies tell the difference?

Cassandra Bozikovic November 12, 2024 0 Comments

Last week, the government released guidance on the new offence of failure to prevent (FTP) fraud. In the first of a series of four articles, we analyse what companies and their advisers need to know about this significant development. “Reasonable” and “proportionate”: these important terms form the basis of new government guidance on the fraud […]

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Pro bono week: what’s new at Peters & Peters?

Cassandra Bozikovic November 8, 2024 0 Comments

Today marks the end of the 23rd annual Pro Bono Week. This year’s theme is ‘the power of pro bono’, which is nowhere more apparent than our flagship project: the Howard League IPP Hotline. This project sits alongside a wide spectrum of pro bono work at the firm, from volunteering at the Royal Courts of […]

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Maria Cronin

Shareholders turn up the heat on ESG-related money laundering

Cassandra Bozikovic November 5, 2024 0 Comments

UK law enforcement agencies are increasingly turning their attention to ESG breaches, and not just to those committed by organisations themselves but also their suppliers. Maria Cronin was quoted in the City A.M. ‘Eyes on the Law’ column of 21 October, commenting on how regulators are taken ESG failures more and more seriously. She said: […]

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Peters & Peters launches ESG Enforcement Tracker

Cassandra Bozikovic October 29, 2024 0 Comments

Business engagement in environmental sustainability and social responsibility has come into sharp focus since the Paris Agreement in 2015 (now commonly referred to as “environmental, social, and governance”, or “ESG”). While ESG as a concept has existed for almost a decade, the prominence and development of “ESG civil litigation” and “ESG criminal enforcement” is more […]

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