Michael O'Kane

Peters & Peters acts in first civil monetary penalty case under the UK’s strict liability regime for breaches of financial sanctions

Cassandra Bozikovic October 17, 2024 0 Comments

On 29 August 2024, following an investigation lasting over 15 months, the Office for Financial Sanctions Implementation (OFSI) imposed a monetary penalty of £15,000 against our client, Integral Concierge Services Limited, for contravention of regulations 11(1) and 13(1) of the Russia (Sanctions) (EU Exit) Regulations 2019 (the Russia Regulations). The case involved consideration of the […]

READ MORE
Thinking page 900x800

Peters & Peters teams walk and cycle for Switchback

Cassandra Bozikovic October 9, 2024 0 Comments

Last month, in two separate feats of endurance, the firm raised over £5,000 for Switchback, our firm-supported charity. Switchback is a brilliant charity working with young men leaving prison in London to help them lead better lives – 91% of prison leavers who take part in the Switchback programme do not re-offend within a year […]

READ MORE
Thinking page 900x800

Restriction on re-use of company names

Cassandra Bozikovic October 9, 2024 0 Comments

The Insolvency Act 1986 restricts the re-use of a company name (for five years) where, in the 12 months preceding insolvency, any director or shadow director of an insolvent company is involved in the successor company. In this article for Lexis+ UK, Jake Eddison-Cook discusses:   – Offence of re-using company name without permission.– Who […]

READ MORE
Anna Bradshaw

Lack of clarity remains around UK’s Office of Trade Sanctions Implementation

Cassandra Bozikovic October 7, 2024 0 Comments

Nine months ago, the UK government announced the creation of the Office of Trade Sanctions Implementation (OTSI), a new agency to enforce trade sanctions. Last month, regulations outlining OTSI’s remit and powers were finally introduced. Part of the Department for Business and Trade, OTSI joins the ranks of other agencies already responsible for various aspects […]

READ MORE
James Tyler

Government and regulators under pressure to show action on ESG concerns

Cassandra Bozikovic October 4, 2024 0 Comments

In August, chancellor Rachel Reeves confirmed that she would continue the previous government’s plan to regulate the sustainability ratings industry.   Also known as environmental, social and governance benchmarking, this is a growing industry that provides ratings on ESG in respect of firms and products. In this article for FT Adviser, James Tyler discusses the plans […]

READ MORE
Thinking page 900x800

Event: ESG Enforcement Evening

Cassandra Bozikovic September 25, 2024 0 Comments

Please join us on 16 October for our ESG Enforcement Evening. The event will feature a keynote address from Dr Alexander Schmidt, Head of Science, Sustainability, and Climate Research at Normative. The evening will also be a great opportunity for ESG practitioners, journalists, NGOs, and others to meet over drinks, canapés and discuss the ESG […]

READ MORE
Peters & Peters

Peters & Peters successfully demonstrates client is subject to vexatious allegation

Cassandra Bozikovic August 30, 2024 0 Comments

This week, our client, a senior business professional, was exonerated as the Metropolitan Police confirmed that an investigation into threats to kill and common assault has been concluded with no further action being taken. Peters & Peters was instructed to represent our client on arrest, where it became immediately clear that he had been subjected […]

READ MORE
Fred Kelly

Companies must wake up to environmental and human rights supply chain risks

Cassandra Bozikovic August 29, 2024 0 Comments

Global sustainability-related legislation and regulation are developing fast, exposing international companies to complex ESG-related risks. One area in which businesses are facing particular challenges is supply chain liability and, while they might be used to dealing with other types of risks in that space, ESG-related due diligence is fast becoming an important requirement for them […]

READ MORE
Thinking page 900x800

The SFO must learn from past mistakes to address its biggest challenge: disclosure

Cassandra Bozikovic August 28, 2024 0 Comments

The Serious Fraud Office (SFO) has been grappling with well-documented disclosure issues for a while, with disclosure failings being linked to several acquittals in prosecutions that the agency brought in recent years. In this article for Global Investigations Review, Neil Swift and Fred Kelly argue that these failings are down to the SFO’s approach to […]

READ MORE

Lynch’s death puts UK-US extradition under the microscope

Cassandra Bozikovic August 27, 2024 0 Comments

The death of technology tycoon Mike Lynch, whose yacht sank off the coast of Sicily last week, has triggered calls by a some UK lawmakers to abolish Britain’s extradition agreement with the US amid proposals that UK citizens should be prosecuted at home. The calls come from Conservative MP David Davis and former Tory MP […]

READ MORE