Experian Exposed To South Africa’s Biggest Ever Data Breach

21 August, 2020
On Wednesday 19 August 2020 news broke that Experian, a consumer, business and credit information service agency suffered a significant data breach which exposed personal information of approximately 24 million South Africans and 793,749 business entities to a suspected fraudster. This is one of the largest ever data breaches experienced in South Africa. According to Experian, the fraudster posed as a legitimate client resulting in information being provided. Read more

Corporate Crime update – August 2020

20 August, 2020
Welcome to the August 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more

Corporate Crime update – Autumn 2019

14 October, 2019
Welcome to the Autumn 2019 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. This bumper edition covers a number of jurisdictions, and includes content from the summer break. Read more

FSCA levies record R1.5 billion fine against Steinhoff International Holdings N.V. for false, misleading and deceptive statements to the market

20 September, 2019
On 12 September 2019, the South African Financial Sector Conduct Authority (FSCA) announced the conclusion of its investigations into Steinhoff International Holdings N.V. (Steinhoff). The FSCA found that Steinhoff provided false, misleading or deceptive statements to the market and accordingly breached the provisions of the Financial Markets Act No. 19 of 2012 (the FMA). As … Read more

Corporate Crime update – Spring 2019

21 June, 2019
Welcome to the Spring 2019 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. Read more

Herbert Smith Freehills edits and contributes chapters to Getting the Deal Through – Financial Services Litigation 2018

11 September, 2018
There has been a significant rate of global growth of litigation in the financial services sector following the 2008 global financial crisis. While the existence of financial services litigation is truly a global phenomenon, it has become apparent that the law and procedures in relation to such disputes have evolved in different ways across the … Read more

OECD Foreign Bribery Report

04 December, 2014
The Organisation for Economic Cooperation and Development (OECD) released its Foreign Bribery Report (Report) this week.  The Report is the OECD’s first ever analysis of foreign bribery on a global scale.  It analyses 427 legal cases involving companies (164 cases) and individuals (263 cases) who allegedly bribed foreign public officials in one or more of the … Read more

Enforcing arbitration awards on the fringes of EMEA

17 July, 2013
As more and more investment is made by financial services institutions into the emerging markets of Africa, the Middle East and emerging Europe, enforcement in those jurisdictions is increasingly an issue of central importance. Clearly when selecting a dispute resolution procedure, be it litigation, arbitration or a combination of the two, the ability to enforce … Read more

EU takes steps towards easing Zimbabwe sanctions

27 February, 2013
Susannah Cogman and Jeremy Sher comment on the EU’s recent easing of the Zimbabwe sanctions regime. On 19 February 2013, the European Union (“EU“) took a small step towards easing its sanctions regime in relation to Zimbabwe.  Twenty one individuals and one entity were removed from the EU’s list of designated persons, and the travel ban … Read more