Blog

Nov 11, 2015 The Right to Inspection of Documents Under CPR31.14 In late 2013, as part of its new Kleptocracy Initiative, the Department of Justice initiated civil forfeiture proceedings in Washington to seize over US$458million allegedly taken by former Nigerian president General Sani Abacha and his associates whilst General Abacha was in office. Approximately US$100million of the assets subject to the proceedings are held in London and accordingly, the DOJ sought the assistance of the UK authorities. In one of the first cases to be heard under the new Part 4A of the Proceeds of Crime Act 2002 (External Requests and Orders) Order 2005, the National Crime ... Read More
Oct 12, 2015 ‘Third Party Intervention in confiscation proceedings: Considering the Human Rights Impact of Sections 1, 2 and 4 SCA 2015’ The involvement of third party claimants in confiscation proceedings creates a new source of work for asset forfeiture practitioners. It is incumbent on practitioners representing third parties to be able to advise their clients on these new provisions and the likely outcomes of their claims. This article examines the practical impact of the relevant provisions of the Serious Crime Act 2015 (SCA) on third parties Article 6 and Article 1 Protocol 1 rights under the European Convention. To read the Full Article Click Here For more information contact the author.   About ... Read More
Sep 11, 2015 ‘Overview of Chapter 1 Serious Crime Act 2015’ In this month’s Lawyer2B magazine, read Gillian Bradbury’s student's guide on the amendments to Proceeds of Crime legislation brought about by the Serious Crime Act 2015. The full article is available to subscribers here: http://l2b.thelawyer.com/home/insight/the-serious-crime-act-2015-an-overview/3038150.article    About Gillian Gillian Bradbury is a solicitor in the criminal fraud team specialising in fraud, white collar crime, restraint and confiscation. She is currently representing a director accused of corruption under the Prevention of Corruption Act 1906, ... Read More
Oct 5, 2015 The Brokers LIBOR trial begins "This week the trial began for the six brokers who will face prosecution in the global LIBOR investigation. The trial comes more than seven years after U.S. regulators first examined how LIBOR rates were set, and a global investigation which led to 21 individuals charged, some of the world's leading banks being fined around $9 billion and a “complete overhaul” of the regulatory regime. This overhaul included the Financial Conduct Authority (FCA) amending existing legislation to make the setting of LIBOR a “regulated activity” and the creation of two new SIF ... Read More
Aug 3, 2015 Who's to Blame? In an article for Lawyer monthly magazine, Tom Littlechild of Byrne and Partners looks at whether it is appropriate to apportion criminal blame to individuals in the context of corporate fraud prosecutions. Corporate crime is now seen as a threat to the very fabric of western capitalist democracies. Since the 2008 financial crisis, a wave of public opinion has called for blame to be apportioned within the ‘corrupt’ corporate world, and the issue has become highly politicised. Indeed, even Russell Brand (who purports to speak on behalf of the ... Read More
Jul 15, 2015 High-pressure sales: The changing face of boiler room 'scams' In a new article in Professional Advisor, Gillian Bradbury notes that the way alleged ‘boiler rooms’ are being prosecuted is changing. This change is based in part on the way operations are being run and in part on the type of investment being sold. We are leading the way defending clients involved in these proceedings by putting the Crown to proof on every aspect of their case. The Crown has hurdles to overcome to prove the conspiracy and each individual’s intention to defraud investors. It is not sufficient to say that being involved in these operations automatically ... Read More
Jul 4, 2015 Fourth Anti-Money Laundering Directive In a recently published article in Criminal Law and Justice Weekly Magazine, Ilana Hutton has explained the background to the LIBOR scandal and its impact for investors. “Flows of illicit money can damage the integrity,stability and reputation of the financial sector, and threaten the internal market of the Union as well as international development. Money laundering, terrorism financing and organized crime remain significant problems which should be addressed at Union level. ” [Directive of the European Parliament and of the Council on the Prevention of the use of the financial ... Read More
Jul 29, 2015 Is the SFO really tackling corruption? “Corruption…undermines democracy and the rule of law, leads to violations of human rights, distorts markets, erodes the quality of life and allows organised crime, terrorism and other threats to human security to flourish…corruption hurts the poor disproportionately by diverting funds intended for development, undermining a government’s ability to provide basic services, feeding inequality and injustice and discouraging foreign aid and investment”. Kofi Annan, former Secretary General of the United Nations  The above is a quotation from the Serious Fraud ... Read More
Jul 8, 2015 Software companies and revenue recognition Ben Brocklehurst of Byrne & Partners LLP considers the pitfalls associated with the application of software companies’ revenue recognition policies in his Law Society Gazette article Click Here for the Article About Ben Ben Brocklehurst is a vastly experienced legal executive with particular expertise in defending high value white collar crime and related Restraint/Confiscation proceedings. Ben.Brocklehurst@byrneandpartners.com 020 7842 ... Read More
Jul 4, 2015 Fourth Anti-Money Laundering Directive In a recently published article in Criminal Law and Justice Weekly Magazine, Ilana Hutton has explained the background to the LIBOR scandal and its impact for investors. “Flows of illicit money can damage the integrity,stability and reputation of the financial sector, and threaten the internal market of the Union as well as international development. Money laundering, terrorism financing and organized crime remain significant problems which should be addressed at Union level. ” [Directive of the European Parliament and of the Council on the Prevention of the use of the financial ... Read More