Lawyers warn regulator will want to send a strong message over non-financial misconduct December 11, 2023 There has been an uptick in firms facing scrutiny over non-financial misconduct, say lawyers, and this won’t be slowing down anytime soon they have warned. James Alleyne, legal director at Kingsley Napley noted, “non-financial misconduct is clearly a priority for the FCA.” He added: “regulated firms are certainly more conscious than ever about staff behaviour [...]
PwC to challenge staff business trips in move to reach net zero target December 9, 2023 PwC has introduced a programme that will challenge the type of travel staff will take for business trips, in a move to reduce its carbon footprint. According to the Financial Times, senior UK staff were informed that only people travelling on long-haul night flights or those flying for business-critical reasons would be allowed to sit [...]
Major UK mobile networks hit with £3bn competition class action December 8, 2023 Four of the UK’s largest mobile network operators have been hit with a class action lawsuit, over allegations they used market dominance to overcharge customers. The class action was filed to the Competition Appeal Tribunal (CAT) against Vodafone, EE, Three, and O2. The case alleges that the companies have been abusing their dominant positions in [...]
UK court grants injunction against Russian pipeline firm in $14bn lawsuit December 7, 2023 Russian state-owned oil pipeline company Transneft has had its ability to move funds restricted after a UK court granted an injunction against the firm as part of a $14bn lawsuit.
Octopus Group enters legal services market after buying divorce business December 7, 2023 Octopus Group has acquired a majority stake in a legal service business that focuses on helping customers navigate legal issues surrounding divorce. The group, which is the parent company to energy giant Octopus Energy, has dived into the legal services market by acquiring Amicable. Amicable was was founded in 2015 to serve as a legal [...]
Big Four: KPMG set to merge UK and Swiss businesses to chase down rivals December 7, 2023 KPMG UK has begun exploratory discussions with its partners over a plan to merge its business with KPMG Switzerland.
Government faces court challenge after failing to hike legal aid fees December 7, 2023 The UK government faces a High Court challenge next week over its failure to increase criminal barristers' legal aid fees despite agreeing to do so in September last year.
Entain’s £585m fine shows flourishing ‘maturity’ of Crown Prosecution Service December 6, 2023 Corporations need to be wise to the fact that a deferred prosecution agreement (DPA) can come from all prosecuting bodies, not just the Serious Fraud Office (SFO), warns lawyer. News broke that the company behind Coral and Ladbrokes will pay £585m after a probe into alleged bribery at a former Turkish subsidiary. The DPA action [...]
SFO launches criminal investigation into British aircraft parts supplier December 6, 2023 The Serious Fraud Office has launched a criminal investigation into a British aircraft parts supplier over suspected fraud.
Former Liverpool player claim against law firm dismissed December 6, 2023 The High Court dismissed a former Republic of Ireland and Liverpool football player's claim against a national law firm.