Petrofac: Two former executives charged with bribery by UK anti-fraud agency February 16, 2024 The UK anti-fraud agency has revealed it charged two former Petrofac senior executives with bribery over influencing contracts awards. The Serious Fraud Office (SFO) has charged Marwan Chedid and George Salibi, who worked in various senior roles within Petrofac Group in the United Arab Emirates (UAE). The SFO alleges that from 2012 to 2018, Chedid [...]
Former Goldman Sachs analyst given 22-month prison term for insider trading February 16, 2024 A former Goldman Sachs analyst who was found guilty of six counts of insider trading and three counts of fraud has been sentenced to 22 months in prison.
Nigel Farage threatens Natwest with legal action unless it settles his compensation claim February 16, 2024 Nigel Farage threatens Natwest new CEO Paul Thwaite with legal action with an aim to make "sale of shares very difficult", unless the bank settles "an ongoing compensation claim with him"
SFO chief wants to pay whistleblowers – but City lawyers warn policy faces hurdles February 14, 2024 City lawyers have warned that implementing a policy of paying financial crime whistleblowers rewards in the UK won't be straight forward and faces a number of legal and cultural challenges.
Mastercard and Visa are back in court over interchange fees February 14, 2024 The lawsuits allege that Mastercard and Visa both acted unlawfully by overcharging businesses for accepting credit and debit card payments on corporate and consumer cards.
Clifford Chance: London magic circle law firm brings in long-time Accenture finance boss February 14, 2024 Magic circle law firm Clifford Chance has hired a new chief financial officer from professionals service firm Accenture. Daniel Burton is set to join the law firm mid-June, and will take over from its current global CFO Patrick Glydon who is retiring in July. Glydon was in the CFO role at the magic circle for [...]
Marks and Spencer Oxford Street row: Court told Michael Gove ‘misunderstood and misapplied’ planning policy February 13, 2024 The Secretary of State for levelling up “misunderstood and misapplied” planning policy when it rejected Marks and Spencer Oxford Street demolition scheme, a judge heard. Today, the High Court heard a judicial review by Marks and Spencer over the Secretary of State for levelling up , Michael Gove MP, decision to refuse planning permission for [...]
Hogan Lovells: US-UK law firm’s revenue jumps 10 per cent and surpasses £2bn February 13, 2024 American-British law firm Hogan Lovells global revenue has jumped nearly 10 per cent over the last financial year, which sees the firm surpassing £2bn for the first time. Over 2023, the firm generated £2.15bn in revenue, which was up from the £1.97bn it posted over the previous year. In terms of its practices, its corporate [...]
RSM and Quantuma alleged to be involved in the tip-off scandal at Insolvency Service February 12, 2024 It is alleged that employees at an accounting firm and a corporate advisory group received tip-offs from staff at the Insolvency Service.
SFO boss to promise more dawn raids and swifter action to tackle fraud February 12, 2024 The head of the UK's anti-fraud agency will set out his vision for a "bolder, pragmatic, more proactive" prosecutor this week in his first public speech since taking up the position late last year.