Fraud

Welcome to the home of fraud on Law-Now.

On this page, you will find all the articles and publications for fraud. Law-Now also delivers the specialist anti-bribery and corruption zone, a one-stop shop for useful legal resources, information on training, the UK Bribery Act and the latest corruption issues. Click here to visit the dedicated site.

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Recent Articles

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    20/06/2024
    United Kingdom

    SFO’s Strategy for 2024-2029 – New Emphasis for the SFO

    The UK’s Serious Fraud Office (SFO) has unveiled its strategy for 2024-2029.  The Strategy reads rather more clearly and concisely than many corporate vision-statements of this sort, perhaps reflecting the pragmatic approach of the new Director, Nick Ephgrave QPM. There is considerable , and laudable, emphasis on values, technology and attracting “the brightest and best”.   Here are some of the more interesting highlights:ECCTA and Increased Investigatory PowersPrevious SFO Directors have strongly advocated for law reform, in particular extending the ambit of corporate...
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  •  
    27/05/2024
    Europe

    Aven v Council (T-301/22) and Fridman v Council (T-304/22)

    IntroductionThe EU and many other countries impose financial sanctions on individuals. These people, who are often wealthy businessmen with ties to particular governments, are “designated” under the relevant sanctions regime. The consequences of such designation are usually dire and, usually, any challenge to such a designation will be extremely difficult.However legal challenges are possible in the EU and other jurisdictions, and sometimes succeed. A recent example is the case of Mikhail Fridman and Petr Aven, who have persuaded a lower court of the EU to overturn their designation...
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  •  
    18/04/2024
    United Kingdom

    Transparency: ECCTA 2023 and Register of Overseas Entities update

    The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which is aimed at tackling economic crime and preventing abuse of corporate structures in the UK, will not only fundamentally reform the administrative requirements for UK companies, limited liability partnerships and limited partnerships generally, but will also expand the requirements of the Register of Overseas Entities (ROE) regime for overseas entities holding or acquiring UK real estate.  The ROE is a register at Companies House which came into effect on 1 August 2022. Here are some FAQs providing information about...
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  •  
    17/04/2024
    United Kingdom

    APP fraud – Quincecare duty claims against banks replaced by new “retrieval duty” claims

    The recent decision in CCP Graduate School Ltd v National Westminster Bank plc and another [2024] EWHC 581 (KB), demonstrates how Claimants are repositioning claims against banks arising from authorised push payment (APP) fraud from breach of Quincecare duty claims to so-called “retrieval duty” claims.To date, the Courts have been reluctant to strike out such claims on a summary basis allowing them to proceed to trial. It is therefore likely that claimants will continue to frame claims against banks on this basis until the Courts determine the substantive merits of such claims.APP fraud...
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  •  
    27/11/2023
    United Kingdom

    Video surveillance in personal injury cases - QBE UK Limited v Mark Raymond Hilton

    An individual who exaggerated his injuries following an accident at work has been found in contempt of court and sentenced to 10 months, following the use of surveillance footage by insurer, QBE.BackgroundOn 31 July 2023, the court determined whether QBE UK Limited’s (“QBE”) application for permission to commence contempt proceedings against Mr Mark Hilton would be granted. Originally, Mr Hilton had issued proceedings, seeking damages of £600,000, following an accident at work. Within the defence, liability was admitted and proceedings, therefore, progressed in respect of...
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  •  
    27/10/2023
    International

    In overturning USD 11 billion award for fraud, High Court invites discussion on arbitration’s ability to resolve large disputes involving states

    On 23 October, in The Federal Republic of Nigeria v Process & Industrial Developments Ltd. [2023] EWHC 2638 (Comm), Mr Justice Robin Knowles found that an arbitration award for USD 11 billion had been “obtained by fraud” and thus was “contrary to public policy.” While the Court has yet to decide whether the award should be entirely set aside or remitted to the arbitral tribunal, Mr Justice Knowles invited discussion upon how his factual findings touched upon several key issues central to the rule of law and the conduct of arbitration including the ability of the arbitral...
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