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 […]
Peters & Peters is proud to have sponsored the Sergei Magnitsky Human Rights Awards, which took place on 16 November 2015 in honour of Russian anti-corruption lawyer Sergei Magnitsky, on the sixth anniversary of his death. The Awards were hosted by Hermitage Capital Management, a victim of ‘corporate raiding’ in the Russian Federation. Sergei Magnitsky, […]
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.
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, […]
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.
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 […]
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.
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.
The Company self-initiated an internal investigation for potential breaches of sanctions and export controls in both the United States and the United Kingdom, as a result of the discovery that there had been indirect supplies of its products to Iran, Syria and Sudan. The Company’s predecessors had undergone a number of significant corporate changes, resulting […]
Peters & Peters represented a conglomerate following the execution in 2010 of multiple search warrants by the SFO. The SFO investigation arose as a result of, and in conjunction with, worldwide enquiries, investigations and prosecutions. The conglomerate, its agents, officers and employees were suspected of making corrupt payments to foreign public officials over a number […]
