What were the key learning points from last year for sanctions lawyers and businesses that want to comply with sanctions measures? In this article for LexisNexis Corporate Crime analysis, Diana Czugler reviews some of the key developments from 2023, including areas that stayed in the limelight, sectors that have come into focus, which country has […]
On 2 April, in a significant victory for Peters & Peters’ client Mr Akintunde Giwa, the High Court held that Mr Giwa was entitled to summary judgment in the sum of Nigerian naira 7,914,209,196.50 (about £4.7 million) against JNFX Limited (a London-based foreign exchange and payment services provider) and its agent Mr Mervyn in respect […]
The finishing line may be getting closer, but in the latest twist in Julian Assange’s marathon fight against his extradition to the US, the High Court has asked the US and the Secretary of State for some further assurances. At a two-day hearing in February, the High Court considered whether the WikiLeaks founder could be […]
The joined appeals in Dalston Projects Ltd and others v Secretary of State for Transport and Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs presented the first opportunity for the Court of Appeal to provide guidance on the correct approach to challenges to sanctions designations brought under section 38 of the Sanctions […]
Under the Proceeds of Crime Act 2002, the assets belonging to people suspected of benefitting from crime can be restrained, even before their owners have been charged. The aim is to preserve assets for confiscation, a process designed to deprive a convicted defendant of the benefit of their criminal conduct. Most of those assets are […]
Last month, an ex-takeaway worker was convicted in laundering the proceeds thanks to which she had gone from living above a Chinese restaurant to a multi-million pound house in an affluent neighbourhood in North London. After a two-month trial, Jian Wen was found guilty at Southwark Crown Court of an offence relating to money laundering. […]
Being centuries old, the jury system is a well-known and integral part of the adversarial system in England and Wales. In this article for LexisNexis Corporate Crime analysis, Liam Lane considers how the jury system works in our country, its pros and cons, what could be done to improve it, the alternative systems in other […]
Can the Competition Markets Authority (CMA) compel overseas companies to give it information? This was the question at the centre of the recent case of Competition and Markets Authority v Rex on the application of Volkswagen Aktiengesellschaft. Here, the Court of Appeal allowed the CMA’s appeal against a decision that had denied it the ability […]
Earlier this month, and after a six-week trial, the High Court ruled that Australian computer scientist Dr Crag Wright did not create bitcoin and neither did he author the Bitcoin White Paper. Even for an industry long accustomed to controversy and to hitting the headlines, the verdict can be seen as a watershed moment. Wright […]
Earlier this month a criminal trial started that will be of great interest to tax authorities all over the world. The trial involves British fund trader Sanjay Shah, who has been charged along with eight other British and US citizens, over so-called ‘cum-ex’ schemes. Denmark is alleging that the fraud cost it 12.7 billion Danish […]
