Peters & Peters acts for the Republic of Mozambique in US$2 billion Commercial Court proceedings against Credit Suisse, Abu Dhabi-based shipbuilder Privinvest, its CEO Iskandar Safa and certain former Credit Suisse employees, arising from what the Republic alleges is a massive fraud known as the “hidden debts” scandal. The Republic is also a […]
The High Court decision in PJSC Tatneft v Bogolyubov & Ors confirms that communications with foreign lawyers (in particular in-house legal teams) are subject to legal advice professional privilege, provided that the individuals in question are conducting themselves in the capacity or function of a lawyer. But it also held that foreign lawyers need not […]
Our client, the UK’s Secretary of State for Health and Social Care, roundly defeated pharmaceutical company Servier Laboratories in the Supreme Court. The company had tried unsuccessfully to rely on a previous EU court ruling to prevent court proceedings going forward in London, centred on the Secretary of State’s allegations that Servier blocked generic competition […]
Rachel Cook, a Tax investigations expert at P&P, will be presenting on corporate criminal offence ‘Investigations for failing to prevent the facilitation of tax evasion’ at the half-day Tax Investigations online conference on Tuesday 24 November 2020. This half-day conference will cover a key range of important and topical Tax Investigation issues which will be […]
US sanctions in response to China’s new security law in Hong Kong are expected to target non-US banks. Anna Bradshaw says that non-US banks operating in Hong Kong will also have one eye on potential Chinese sanctions, under the new ‘unreliable entities’ list. Read more
Pandemic homeworking has opened new ways for unscrupulous bankers to engage in market abuse. Neil Swift, partner at the law firm Peters & Peters and an expert on insider dealing, says the FCA will need to take swift action if it wants to live up to its deterrence policy. That will not be easy, he […]
The National Crime Agency’s recent successful recovery of £10m of assets from wealthy businessman, Mansoor Hussain could slow criminal activity in the UK. Rachel Cook mentions, “The NCA has recovered a substantial amount of money (without a criminal prosecution) and acted to prevent future criminal conduct. Other ostensibly “clean” individuals who are operating as launderers […]
We are delighted to announce that Hannah Laming and Karl Masi have authored the England and Wales chapter in The International Comparative Legal Guide- Business Crime 2021. This publication provides a practical cross-border insight into business crime law and offers a helpful overview of the key legal and procedural issues relevant to investigations and prosecutions […]
Those contemplating bringing a private prosecution have two options when seeking to compel information from third parties: seeking the assistance of investigative authorities like the police, or attempting to use tools available in the civil courts, in particular Norwich Pharmacal orders (NPOs), to obtain evidence themselves. However, the Commercial Court’s recent decision in Burford Capital […]
Art sales in 2018 recorded a high of $6billion (according to UBS’ Art Market Report 2019), but only 4 per cent of collectors had spent $1million or higher when purchasing a piece of artwork online. Moving forward to March 2020 when galleries, auction houses and art fairs closed their doors, the art world paused for […]
