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The revised Payment Services Directive ("PSD2") makes significant amendments to the laws that govern payment services in the EU.
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Fraud Insights: Protecting shareholder rights through unfair prejudice petitions
Where the affairs of a company are being or have been conducted in a manner that it is unfairly prejudicial to the interests of a shareholder, or an actual or proposed act or omission would be so prejudicial, a shareholder can apply to the Court under section 994 of the Companies Act 2006 through what is commonly known as an unfair prejudice petition.
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Fraud Insights: Worldwide freezing order continued despite allegations of delay
A recent decision of the High Court in PJSC National Bank Trust and PJSC Otkritie Bank Financial Corporation v Boris Mints and others [2019] EWHC 2061 (Comm) found that it was appropriate to continue a worldwide freezing order in circumstances where there was a good arguable case that the Defendants had used complex structures and methods, involving substantial sums of money, to defraud the Claimant banks despite the absence of any recent evidence of dissipation by the defendants.
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Fraud Insights: Criminal sanctions for wilful and reckless mismanagement of pension schemes
In February 2019, the Government published its response to the consultation on Protecting Defined Benefit Pension Schemes – A Stronger Pensions Regulator (the "Consultation Paper"). Amongst the new proposed regulations in the Consultation Paper, the government said it intends to create a new criminal offence of wilful or reckless behaviour in relation to a pension scheme punishable by a maximum penalty of up to seven years' imprisonment and/or unlimited fines.
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Future fakes- what to do when you can no longer believe your eyes
Deepfakes – hyper realistic and convincing fake videos generated through AI technology – are potentially one of the most disturbing tech developments of recent times.
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NCA report: Financial Trojans & Organised Crime
Once a fringe issue, cybercrime has become a key threat to businesses and individuals alike, and is central to UK law-enforcement strategy.
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The relentless rise of financial cybercrime
In recent years, political cybercrime has repeatedly made headlines. Yet amid a series of sensational stories stemming from alleged Russian hacking during the 2016 US presidential election, the media has largely overlooked a simultaneous surge in a potentially far more damaging global threat: financial cybercrime.
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International Strategies for white-collar crime enforcement
The US Department of Justice's ('DOJ') chief of the Foreign Corrupt Practices Unit of the Fraud Section, Daniel Kahn, has commented on the increase in international fraud investigations meaning a greater likelihood that US prosecutors will need to acquire evidence from overseas. He also indicates some of the difficulties this poses and outlines potential solutions.
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OffshoreAlert Miami – 14-16 April 2024
We would like to announce that OffshoreAlert will be delivering their Miami Event on 14-16 2024 at The Ritz-Carlton, South Beach 1 Lincoln Rd, Miami Beach, FL, United States Launched in 2002, OffshoreAlert Miami is their longest-running event – a destination conference that attracts 350 attendees from dozens of countries who combine business with pleasure, with
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C5 – 18th Edition Fraud, Asset Tracing & Recovery – Geneva – March 14-15, 2024
We are excited to announce that we are a media partner for American Conference Institute’s Fraud, Asset Tracing & Recovery Geneva conference that is taking place on March 14-15, 2024, in Geneva! Deemed as the foremost, can’t-miss event each year, the 2023 agenda will be fully revamped, and you don’t want to miss out on
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IFG Conference in Hong Kong on 25th April 2024!
We are very excited to announce that we shall be hosting the International Fraud Group’s bi-annual conference in Hong Kong this spring, organised by Karas So LLP in association with Mishcon de Reya on Thursday 25th April 2024. This is a great opportunity for you to engage with international lawyers, forensic accountants, restructuring and insolvency experts,
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OffshoreAlert is going to Bangkok!
We are delighted to be supporting event partner for Offshore’s first Asia-Pacific Conference. OffshoreAlert Bangkok! February 28 – 29, 2024 at the Siam Kempinski Hotel Bangkok 991/9 Rama I Rd, Pathum Wan, Bangkok, Thailand OffshoreAlert Bangkok is our first conference in the Asia-Pacific region and is designed to be a destination event to which attendees
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Stop the Traffik “Big Give”
The IFG recently match funded our sponsor STOP THE TRAFFIK Group Big Give Christmas Challenge assisting Stop the Traffik in raising critical funds which will bolster their fight to create a world where no person is bought or sold. This would not have been possible without our incredible support. Watch this space for further updates
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UK Consumers conned out of £580 million by fraudsters!
We are delighted to share the below article written by our colleagues Philippa Rees, Partner, Knowledge Lawyer, Catherine Rogerson, Associate and Karolina Tomaite, Solicitor Apprentice who are in our Dispute Resolution Department of Mishcon de Reya. Please do click the link below. UK Consumers conned out of £580 million by fraudsters in first half of
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12th Edition Fraud, Asset Tracing & Recovery Miami – C5 are on their way to Miami!
January 23-24, 2024 | Hotel AKA Brickell, Miami, FL Deemed as the foremost, can’t-miss event for the Fraud community, we hope that you will take this invaluable opportunity to engage with the pre-eminent fraud, asset tracing and recovery, insolvency, restructuring and more thought-leading practitioners in Miami! This flagship conference has seen important milestones in key
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Cyprus – The Shipping Limited Liability Company Law 2022: Opportunities and Challenges
Cyprus is one of the few shipping centres worldwide which combines an international registry of recognised prestige and quality, as well as a shipping complex with a wide range of shipping and related services, as mentioned by the Shipping Deputy Minister. Despite the challenges, it has shown resilience and remains the EU’s third largest fleet
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