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Successful UK Russia sanctions revocation request

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Lev Khasis, the former First Deputy Chairman of PJSC Sberbank, was removed from the UK’s Russia sanctions list today, after a request for ministerial review was submitted by Peters & Peters to the Foreign, Commonwealth and Development Office.   Mr Khasis had resigned his position at Sberbank before Russia invaded Ukraine.   He was listed […]

Former senior police officer replaces lawyer as SFO director – Neil Swift quoted in the media

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The Attorney General, Victoria Prentis KC MP, has announced that former senior police officer Nick Ephgrave QPM will be the next director at the Serious Fraud Office (SFO). Ephgrave was assistant commissioner of the Metropolitan Police in charge of frontline policing between 2019 and 2022 and, before this, he was the Chief Constable for Surrey […]

Dr Anna Bradshaw

What to know about Kevin Spacey’s UK sexual offenses trial

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Earlier this week, American actor Kevin Spacey first appeared for trial in London’s Southwark Crown Court over multiple allegations of sexual assault. The former artistic director of the Old Vic theatre is accused of sexually assaulting four men in England between 2001 and 2013. He has already pleaded not guilty to the charges. Anna Bradshaw […]

Neil Swift Thinking

Whistleblowing: the need for change

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UK law enforcers are often envious of their US counterparts and the tools that the latter have at their disposal to investigate, regulate and deter financial crime and misconduct. However, there is one mechanism that UK regulators and legislators seem less than enthusiastic about adopting, namely whistleblower awards. In Business Reporter, Neil Swift makes the […]

Thinking page

Event: ‘Arbitration and Criminal Law’ – Opening Lecture by Prof Matthew Happold

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Join us and Arbitration Lab for the opening lecture of the London Summer Arbitration School, which will be delivered online by Prof Matthew Happold from the University of Luxembourg. The lecture will examine:   – how arbitral proceedings and domestic criminal processes can interact; – how parties to arbitrations have attempted to use domestic criminal […]

Infographic – ISO 31030: Travel legal risk and mitigation

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ISO 31030 was published in 2021 and is the world’s first truly global benchmark for travel risk management. Providing a framework of good practice, it is an important document for corporates, which would do well to understand the implications and complications arising from travel risk when sending their employees abroad for work. This infographic summarises […]

Peters & Peters

Record £17 million fine for cum-ex trading scam

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The Financial Conduct Authority (FCA) has fined ED&F Man Capital Markets Ltd (MCM) over £17.2 million ‘for serious failings in its oversight of cum-ex trading’. The FCA said that these failings allowed the broker to collect fees for trading strategies designed to enable clients to reclaim tax illegitimately from the Danish authorities. According to the […]

Keith Oliver

Peters & Peters contributes chapter to CDR: Essential Intelligence – Fraud, Asset Tracing & Recovery 2023

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Head of International Keith Oliver and Legal Researcher Caroline Timoney have recently been published in CDR: Essential Intelligence – Fraud, Asset Tracing & Recovery 2023. Their chapter, an overview of the latest in the regulatory landscape in England & Wales, provides expertise for practitioners and laypersons alike as it explores the current legal framework underpinning […]

Activist investors and NGOs leaving regulators in their wake

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On May 12, ClientEarth, the environmental law charity, saw its claim against the directors of Shell plc dismissed by the UK High Court. The claim has been touted as a “world-first lawsuit”: a derivative action against directors of a listed company for failing to manage climate-change risks that was backed by institutional investors. The claim […]

Quincecare: a duy to protect customers from themselves?

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Established 35 years ago in the case of Quincecare v Barclays Bank, the Quincecare duty requires, in short, that banks and other financial institutions refrain from executing their customers’ orders if they are put on notice that those orders are part of a fraud on the customers. Since then, the Quincecare duty mostly spent its […]