Angus Bunyan, who acted for Nigeria in its application for compensation from Glencore, reviews the judgment. As readers will doubtless be aware, last November the UK subsidiary of the international mining and commodities giant Glencore was in the headlines for all the wrong reasons. Having pleaded guilty to seven counts of bribery under sections 1 […]
NatWest’s board must be hoping that the Bank’s advertising slogan doesn’t prove to be memorable for all the wrong reasons. Yesterday, the Financial Conduct Authority (‘FCA’) announced that it had commenced criminal proceedings against NatWest in respect of offences under the Money Laundering Regulations 2007 (‘MLR 2007’). Details are scarce, but the allegations arise from […]
Preliminaries Those contemplating bringing a private prosecution may (and those instructed to conduct such proceedings will) be aware that the Director of Public Prosecutions (‘DPP’) has the power to take over the case and discontinue it at any stage by virtue of section 6 of the Prosecution Offences Act 1985. However, accurately predicting (and advising […]
HBOS: The final chapter? Introduction Back in late February, a hearing at the Court of Appeal finally brought to a close the decade-long saga of the HBOS corruption case (‘Operation Hornet’, David Mills and others, see https://www.theguardian.com/business/2017/feb/02/hbos-manager-and-other-city-financiers-jailed-over-245m-loans-scam). The Court’s recently published judgment ([2020] EWCA Crim 369) covers two areas of significance. Secondary liability under […]
The New Year has brought some much-needed positive headlines for the Serious Fraud Office (‘SFO’) in the form of a record-breaking deferred prosecution agreement (‘DPA’) for bribery against the global aerospace company Airbus SE, but only time will tell whether the authority is able to follow up on this success by securing the conviction of […]
16th Apr 2024 Read more
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