1997. New Labour takes power, soundtracked by Northern Irish group D:Ream’s Things Can Only Get Better, a song that has now become synonymous with political sea change. It was masterfully reimagined in the sixth episode of the final season of Netflix’s The Crown, as part of a dream sequence that sees ‘King Tony’ crowned as […]
We have secured the deletion of INTERPOL diffusions against four Russian businessmen. We successfully persuaded INTERPOL’s CCF that the criminal cases against our clients were politically motivated and part of a long-running corporate raid. We explained that the criminal cases and corresponding arrest warrants were aimed at undermining efforts to recover the value of property […]
In the first action of its kind, earlier this week, the National Crime Agency (NCA) secured the forfeiture of sanctioned funds under the Proceeds of Crime Act. The NCA had argued that the money, worth £780,000, was held for the benefit of Russian oligarch Petr Aven despite not being in his name. The money had […]
Last month, the FCA announced the arrest of two people suspected of running an illegal cryptoasset exchange business. The suspects were interviewed under caution, and their digital devices seized, before being released on bail pending an investigation. The FCA, working with the Metropolitan Police Service, is investigating the business for allegedly buying and selling cryptoassets, […]
Last week, the Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), the UK arm of Coinbase, about £3 million ($4.5 million) for repeatedly breaching a requirement that prevented it from offering services to high-risk customers. According to the FCA, CBPL does not undertake cryptoasset transactions for customers, but acts as a gateway to trade […]
Peters & Peters notes with great satisfaction the judgment of the Honourable Mr Justice Robin Knowles CBE in the Republic of Mozambique litigation which was handed down on 29 July 2024. The judgment represents a major milestone in the five years of litigation, initiated by the Attorney General of Mozambique, to hold the Privinvest Group […]
In a historic first, last month, the Financial Conduct Authority (FCA) confirmed that it had opened a climate-related enforcement investigation against a company. This information was provided in response to a freedom of information request by legal activist organisation ClientEarth. It represents a key milestone on the path to joining regulators in the US, Germany […]
The investigation into our client – a young man of good character – began after a night out in 2021. Our firm took over the case from a local solicitor, identified the weaknesses in the evidence, and began extensive engagement with the police regarding further lines of enquiry that fatally undermined the allegation. Over the […]
Since Russia invaded Ukraine two years ago, the UK, US, EU and other jurisdictions have imposed a plethora of sanctions on Russia, including on business figures who are believed to have links with the Kremlin. In the UK, a designated person can challenge their designation, first to the minister who made the designation and, if […]
According to the Office of National Statistics, fraud accounts for 40% of crime committed against individuals in England and Wales, making it the most common type of crime. If nothing is done, this figure is likely to increase. The Serious Fraud Office (SFO) is responsible for addressing high-level fraud and related offences. However, notoriously lacking […]
