Malfeasance in UK Law
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Claw-back of UK bankers’ bonuses
In the last week, it has been reported that Standard Chartered has launched “accountability reviews” to discover whether bonuses can be recovered from any employees found to be responsible for brea...... ... Apparently some bonuses have already been clawed back by the bank and it stated that it would do so again for clear-cut cases of malfeasance or gross negligence. The bank appears to be going for reduction of awards that havent yet vested (malus) before seeking to recover awards that have ... ...
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News Digest 20/11/15: HBOS Report And Charity Governance Costs
... ... helps to understand them and to ensure that those against whom further regulatory action may be taken are those guilty of negligence or malfeasance, rather than of poor judgement. Businesses thrive on risk, but that risk must be appropriately mitigated and subject to appropriate governance to ... ...
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Lessons To Be Learned From FIFA Failure
... ... a more comprehensive review, but to some degree this may be attributable to a, perhaps too complacent, assumption that allegations of malfeasance were the product of sour grapes on the part of those who had lost out in the voting process - especially the English. Back in 2011, Lord Triesman, ... ...
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Italian DPA Issues Record Data Privacy Fine
By Luca Tosoni and Dan Cooper On 2 February 2017, the Italian DPA (“Garante”) imposed a record fine of 5,880,000 Euros on a UK company operating in Italy for its violation of the data privacy conse...... ... The companies specific malfeasance and attempts to evade Italys anti-money laundering regime undoubtedly also was a strong contributing factor to the Garantes assessment and ... ...
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Fundraising Resolutions: Three Steps To Start Your Year The Right Way
... ... properly and the consequences of bad behaviour ... Regulatory, political and civil suspicion, with regards to sharp ... practices and malfeasance in private equity are as high as they ... were when Edward Lewis took an interest in fictional ship builder, ... Morse Enterprises. And even if the ... ...
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Bonus Clawback Proposals
... ... As for malus, the PRA also does not want clawback to be restricted to those directly culpable of malfeasance. Therefore, where an employee is indirectly responsible by virtue of their seniority or where they could have been reasonably expected to be aware of ... ...
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DOJ Unveils New Policies To Incentivize Responsible Corporate Citizenship And Deter Wrongdoing
... ... quickly alert the DOJ to "important evidence." ... Companies that delay turning over evidence of individual ... malfeasance do so at their peril: "undue or intentional delay ... in producing information or documents'particularly those that ... show individual ... ...
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Force Majeure - The Clause, The Definition, The Application
... ... It is however not intended to excuse any negligence or malfeasance. It can also suspend the performance of an obligation or extend the time to perform the same ... Force majeure is only recognised in English law ... ...
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International Whistleblower News (November 16, 2009)
[UK] Develin, Kate, “NHS whistleblower ‘sacked for revealing dumped x-ray scans’,” Telegraph.co.uk, November 14, 2009. Dr Otto Chan, a consultant radiologist, believes that he was labelled a troubl...... ... Black Sea port city of Novorossiisk, managed to make it to Moscow, where he continued his campaign to expose what he called widespread malfeasance and corruption in Russias law-enforcement bodies. Click here to read more. [UK] Award for whistleblower nurse, Press Association, November 10, 2009 ... ...
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Serious Fraud Office: Boost to Coffers Is Vote of Confidence
The UK’s Serious Fraud Office (“SFO”) recently received an unexpected, yet significant, increase in baseline funding for the 2018-2019 fiscal year. The funding boost comes in spite of Prime Ministe...... ... The Tchenguiz brothers subsequently sued the SFO, alleging trespass, false imprisonment, malfeasance in public office, and malicious prosecution. Their combined suits sought some 300 million in damages. In April 2014, the SFO estimated that it could ... ...
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