Sector Updates by Herbert Smith Freehills
A recent case provides a rare example of the criminal prosecution of an individual (in this case the former employee of an insurer) for breach of the Data Protection Act 1988 (DPA). David Barlow Lewis was a former employee of … Continue reading
In our earlier briefing we reported on the Government’s consultation to introduce Deferred Prosecution Agreements (“DPAs”) – a new mechanism for addressing criminal conduct by commercial organisations. On 23 October, the Ministry of Justice published its Response to that Consultation … Continue reading
We are delighted to announce that we have expanded our corporate crime updates to cover a number of additional jurisdictions. Accordingly our corporate crime updates will now feature our round up of developments in relation to corruption, money laundering, fraud, … Continue reading
EU strengthens sanctions against Iran with particular impact for oil and gas sector and financial institutions
On 15 October 2012, the Council of the European Union announced that it had decided to strengthen significantly the EU’s restrictive measures in respect of Iran – increasing the action being taken by the international community against Iran. The amendments … Continue reading
Transparency International (TI) has published its 8th annual progress report on enforcement of the Organisation for Economic Cooperation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Convention). The Convention, which was adopted … Continue reading
Please click here for the September 2012 edition of our corporate crime update containing our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters.
The European Market Infrastructure Regulation (EMIR) entered into force on 16 August 2012, with the final text of the Regulation having been published on 27 July 2012 in the Official Journal of the European Union. Although most of the obligations … Continue reading
Please click here for the July 2012 edition of our corporate crime update containing our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters.
The legality of exit consents, used widely in the bond markets in the context of liability management exercises, has been examined for the first time under English law. In Assénagon Asset Management S.A. v Irish Bank Resolution Corporation Limited, the … Continue reading