Tag Archives: SFO

Serious Fraud Office secures second Deferred Prosecution Agreement

London’s Southwark Crown Court recently approved only the second Deferred Prosecution Agreement (DPA) since the introduction of DPAs in 2014. Herbert Smith Freehills' London Corporate Crime and Investigations team negotiated the first DPA with the SFO, which was concluded in … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Investigations, UK

Recent developments in Scottish and English bribery enforcement

On 5 April 2016, The Scottish Crown Office and Procurator Fiscal Service ("COPFS") announced the latest resolution of a Bribery Act enforcement action against the Glasgow-based logistics company, Braid Logistics (UK) Limited. Braid agreed to pay £2.2 million pursuant to … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, UK, Uncategorized

Divisional Court rules that SFO procedure for isolating privileged material is lawful

The handling of material which is potentially subject to legal professional privilege is an important and often contentious matter in the investigations context.  In a recent decision which addresses the practical aspects of evidence handling, the  Divisional Court dismissed a … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Investigations, UK

SFO v. Olympus: application of the offence of misleading the auditors

As we reported in an earlier bulletin, on 10 November, the Serious Fraud Office (SFO) presented no evidence at a hearing in its case against Olympus Corporation ("Olympus") and its wholly owned UK subsidiary, Gyrus Group Ltd ("Gyrus").  This brought … Continue reading

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Filed under Corporate Crime

UK Court orders disclosure of confidential SFO and client documents: Harlequin Property (SVG) Ltd & Anor v Wilkins Kennedy

The recent case management decision in Harlequin Property (SVG) Ltd and Another v Wilkins Kennedy [2015] EWHC 3050 (TCC) considered an application by the Defendant to withhold documents from inspection on the basis of confidentiality. The documents in question fell … Continue reading

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Filed under Commercial Litigation, UK

Market Abuse update – August 2015

The second quarter of 2015 saw continued regulatory focus on market and benchmark misconduct: the FCA and the US regulators imposed a series of record-breaking fines.  The FCA’s latest Board minutes refer to a strong pipeline of expected cases, and … Continue reading

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Filed under Americas, Asia, France, Hong Kong, Italy, UK

UK: A record sentence for the SFO?

On 3 August, the UK’s Serious Fraud Office (SFO) secured a conviction on eight counts of conspiracy to defraud against a former trader.  He was sentenced to 9.5 years imprisonment in respect of the first four counts, each to run concurrently, and … Continue reading

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Filed under Corporate Crime, UK

Corporate Crime and Investigations second annual conference: Enforcement Perspectives

Following the success of last year’s inaugural event, Herbert Smith Freehills again hosted its flagship Corporate Crime and Investigations conference in London on 9 June 2015. Under the overall theme of “Enforcement Perspectives”, there were keynote speeches from major enforcement … Continue reading

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Filed under Corporate Crime, UK

Market abuse update – April 2015

2014 was marked by record fines for benchmark manipulation globally, criminal prosecutions for insider trading and market manipulation, and the first publication of warning notices.  The start of 2015 has seen some notable cases in the UK, US and Australia, … Continue reading

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Filed under Americas, Asia, EU, Europe, European Regulation, FCA, France, Hong Kong, Singapore, UK, US

Three convicted in £23m Green biofuel trial

Three individuals have been convicted following a Serious Fraud Office (SFO) investigation into the promotion of unregulated pension and investment products based on green biofuel by Sustainable Growth Group (‘SGG’) including its subsidiary companies, Sustainable AgroEnergy plc (‘SAE’) and Sustainable Wealth (UK) Investments … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, UK