Bribery and Corruption – 2015 in review by Neil Swift

0 Comments

Corporate Crime analysis: Neil Swift, partner in the business crime team at Peters & Peters, looks at the most significant developments in 2015 in the area of bribery and corruption. To read the full article please click the link below: Bribery and corruption—2015 in review

Corporate Crime Analysis – published on Lexis Nexis ‘Extradition and transit cases- a positive change’ 1st December 2015

0 Comments

Corporate Crime analysis: Jasvinder Nakhwal, partner in business crime at Peters and Peters, with William Green, associate, and legal researcher Craig Hogg, explains the key proposals in the government’s draft codes of practice for extradition and transit cases, and anticipates a broadly positive response from practitioners. To view the full publication please click below. Extradition […]

The UK continues to export best practice in financial services regulation

0 Comments

On 21 October 2015, the Abu Dhabi Global Market (“ADGM”) officially opened for business.  The ADGM is the latest international financial free zone to be established in the UAE and throughout the Persian Gulf.  In common with similar initiatives in Dubai and Qatar, to encourage diversification of Abu Dhabi’s economy through foreign investment, the ADGM […]

AML failures in DIFC-regulated firms lead to enforcement action

0 Comments

By Final Notice dated 2 November 2015, the Dubai Financial Services Authority (the “DFSA”) imposed a $640,000 financial penalty on the Dubai International Financial Centre branch of the Dutch bank ABN AMRO (“ABN”, or the “Bank”), for failures in the Bank’s anti-money laundering (“AML”) systems and controls. The DFSA identified “widespread … contraventions”, which in […]

Saudi based company in proceedings brought against former employees for breaches of trust including the misappropriation of funds

0 Comments

Acted for a Saudi based company in proceedings brought against former employees for breaches of trust including the misappropriation of funds. The case involved complex international litigation including the co-ordination of disclosure orders in the BVI and associated criminal proceedings in Switzerland.

Representation of former managing director in first cartel prosecution for four years

0 Comments

The firm represented Mr Snee, the former managing director of Franklin Hodge Industries. Nigel Snee pleaded guilty to an offence under the Enterprise Act 2002. The maximum sentence in respect of the cartel offence is five years’ imprisonment. However, on 14 September 2015, Mr Snee was sentenced to 6 months’ imprisonment, suspended for 12 months, […]

Prosecution discontinue proceedings against client charged with serious sexual offence

0 Comments

Peters & Peters acted for a London businessman of good character who had been charged with a serious sexual assault. The proceedings were discontinued on the basis of representations made to the Crown by Peters & Peters on his behalf.

Acting for claimants in proceedings concerning breaches of directors’ duties

0 Comments

Peters & Peters act for two British Virgin Islands companies, which were used as vehicles for a multi-million dollar investment in a Chinese Lottery project. The Claimants brought proceedings in the High Court against a former director and against an alleged shadow director for breach of fiduciary duty in failing to undertake adequate due diligence prior […]

Representation of an international investment bank

0 Comments

Peters & Peters is acting for a global independent investment bank on an investigation into alleged accounting irregularities following a corporate acquisition. The client acted as advisor in relation to the transaction, which took place in 2011. The firm is advising in close conjunction with the client’s US legal representatives.

Acting for a defendant in a follow-on competition damages action

0 Comments

Peters & Peters represented a global manufacturing company which was a defendant in a multi-million pound follow-on competition damages action commenced on the basis of the European Commission’s findings in relation to a cartel operating in the European market. The proceedings were settled on mutually acceptable confidential terms.