Law Offence in UK Law
- A New "Failure To Prevent" Corporate Criminal Offence Into UK Law
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A New “Failure to Prevent” Corporate Criminal Offence into UK Law
On 8 February 2023, the U.K. Government confirmed its intention to propose that a new “failure to prevent” corporate criminal offence be included in the Economic Crime Bill, along similar lines to ...
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The Long Arm Of The Crown: New U.K. Anti-Bribery Law Reaches Private Sector Bribery And Creates Offence Of "Failing To Prevent" Bribery
The U.K. Bribery Act 2010 (the "Act") represents a fundamental reform of the U.K. anti-bribery regime and greatly expands the potential legal exposure of companies and individuals that do business,...
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THE LAW IN BLACK AND WHITE – IN THE UK THE DISTRIBUTION AND SALE OF “GREY” GOODS CAN BE A CRIMINAL OFFENCE
By: Richard Taylor and Alasdair Muller (United Kingdom) The English Court of Appeal has confirmed that, in the UK, the sale or distribution of trade mark goods outside an authority granted by the t...
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COVID-19: Changes to UK Insolvency Law to Assist Directors and Companies
The UK Government announced on Saturday 28 March 2020 that it intends to amend UK insolvency law to suspend the offence of wrongful trading by directors of UK companies and to give UK companies the......The UK Government announced on Saturday 28 March 2020 that it intends to amend UK insolvency law to suspend the offence of wrongful trading by directors of UK companies and to give UK companies the breathing space to allow them to keep trading while they explore ... ...
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CMA and SFO to join forces on cartel cases
The Serious Fraud Office (SFO) and the Competition and Markets Authority (CMA) have signed a Memorandum of Understanding (MoU) enabling the two regulators to investigate criminal cartel offences, e...
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UK corporate criminal liability reform creeps forward
The UK Law Commission is considering whether corporate criminal liability law should be reformed and two weeks ago MPs proposed a new economic crime corporate offence to be included in the Financia...... ... is considering whether corporate criminal liability law should be reformed and two weeks ago MPs proposed a new economic crime corporate offence to be included in the Financial Services Bill. What is the likely way ahead and what are the implications now for companies? ... Corporate criminal ... ...
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Criminal Finances Act 2017 – New Criminal Offence Requires Preventive Procedures
The UK Criminal Finances Act 2017 recently introduced a new corporate offence of failure to prevent the facilitation of tax evasion. Under the new law, a corporate body or partnership may be cr...
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Failure to Prevent the Facilitation of Tax Evasion: New United Kingdom Corporate Criminal Offence
Background As mentioned in our July 2017 edition of UK Tax Round Up, the UK has enacted a new corporate criminal offence of failing to prevent the facilitation of tax evasion. The law comes into ef...
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Offshore Roundup
Two Birds, One Stone: Addressing COO and DAC6 Risks in Tandem - UK Criminal Finances Act 2017 (CFA) and the EU Directive on Administrative Cooperation (DAC6) compliance matters are likely to com...... ... -compliance, even though DAC6 and the CFA target completely different activities, and non-compliance with DAC6 obligations is not a criminal offence under UK law. However, HMRC might consider mitigating DAC6 penalties if intermediaries or relevant taxpayers take account of DAC6 risks in their ... ...
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