News and Events - Business Crime & Financial Services

21st Jul 2022News

Attorney General publishes review into SFO Unaoil case

The Attorney General has today published in full the report of an Independent Review of the SFO’s handling of the Unaoil case led by Sir David Calvert-Smith. The Attorney General commissioned the Review following the critical judgement of the Court of Appeal in R v Akle & Ors. In three separate appeals the Court of […]

13th Jul 2022News

Financial sanctions: “connected with” Russia

Gavin Irwin and Merry van Woodenberg contribute to the June edition of the Journal of International Banking and Financial Law. Gavin and Merry explore recent developments in the financial sanctions deployed against Russia with a particular focus on the expanded scope of those measures and the meaning of “connected with” Russia in the context of […]

12th May 2022News

Gavin Irwin defends company director in £5million VAT evasion

Not guilty verdicts were recorded against Gavin’s client at Southwark Crown Court when the Crown Prosecution Service offered no evidence after considering an application to dismiss two charges of cheating the public revenue. The case focused on the proper deployment of an ‘option to tax’.  The sale of property is ordinarily exempt from VAT but […]

17th Mar 2022News

Merry van Woodenberg acts for FCA in first prosecution of market manipulation offences under the Financial Services Act 2012

The prosecution was brought against three former employees of Redcentric Plc. Following a three month trial at Southwark Crown Court, the former Chief Financial Officer, Tim Coleman, was found guilty of knowingly making false and misleading statements to the market and of false accounting. The former Finance Director, Estelle Croft, pleaded guilty to charges of […]

15th Feb 2022News

Nikita McNeill instructed in Review into the SFO’s conduct of the Unaoil case

In December 2021 the Court of Appeal in R v Akle & Anor [2021] EWCA Crim 1879 quashed the conviction of Ziad Akle for conspiracy to bribe an Iraqi oil official. The Court of Appeal found that there had been disclosure failings in the case, in particular in relation to contact between SFO employees, including the Director […]