News and Events - Business Crime & Financial Services

11th Aug 2023News

Max Mills acts for the Bank of England as it imposes a record fine of £87 million on Credit Suisse

The Bank of England’s Prudential Regulation Authority (PRA) has fined Credit Suisse £87 million for significant failures in risk management and governance in connection with its exposures to Archegos Capital Management (Archegos). The collapse of Archegos in March 2021 caused Credit Suisse worldwide losses of $5.5 billion and significant reputational damage. In June 2023, Credit […]

13th Apr 2023News

Acquittal for Peter Lownds and Grace Forbes in long running fraud trial

Peter Lownds and Grace Forbes act for client acquitted in a multi-million-pound consumer product fraud and money laundering trial that was heard over three months at Southwark Crown Court. In a six-defendant trial, their client was the only one to receive ‘not guilty’ verdicts. Peter and Grace were instructed by Catherine Jackson of Bindmans LLP. […]

20th Jan 2023News

R (on the application of City of York Council) v AUH and others and R (Birmingham City Council) v BIY and ARA Episode II – The Return of the Local Authorities

Sallie Bennett-Jenkins KC and Daniel Chadwick appeared for BIY Lewis MacDonald appeared for ARA   In October 2022 the Court of Appeal ruled in the first instalment of conjoined appeals from preparatory hearings about the power of local authorities to prosecute consumer offences ([2022] EWCA Crim 1113], summarised by Richard Heller here. The Court, in […]