The Proceeds of Crime Act (POCA) 2002 imposes obligations on businesses operating in the regulated sector (for example, banks and other financial institutions) to disclose knowledge or suspicion of money laundering to the Serious Organised Crime Agency (SOCA). Such disclosure is known as a suspicious activity report (SAR).
International law firm Eversheds LLP recently gathered together senior City executives and canvassed their views concerning the City’s regulatory framework. The results clearly demonstrate that, while the City is broadly in favour of compulsory regulation, the generally held view was that the current uncertain regulatory landscape – particularly around international regulation – is creating a …
Continue reading “The future regulatory landscape: the City gives its verdict”
The ‘contaminated land regime’ contained within Part IIA of the Environmental Protection Act 1990 (Part IIA) will be familiar to many in-house lawyers within business sectors such as manufacturing, minerals, land development, property, waste management, chemicals, petrochemicals and pharmaceuticals, and myriad other businesses whose operations may have impacted the quality of land in the UK. …
In County Leasing Asset Management Ltd & anor v Michael Green Plant Ltd & ors [2012] the Court of Appeal considered an appeal from Hampton J in the Northampton County Court on the correct measure of damages for a claim in negligent misrepresentation. The case presents an opportunity to revisit the rules on this area …
A distribution agreement is an important legal instrument in the cross-border sale and distribution of all sorts of products (and related services). This article gives an overview of some of the legal issues relating to distribution agreements under Dutch law. The subjects discussed are especially useful to take into account when doing business with suppliers/manufacturers …
Continue reading “A few highlights: distribution agreements under Dutch law”
Imagine your company’s employees are the target of a campaign of activist intimidation, or members of your board are being subjected to aggressive door-stepping by the press. What could you do to protect them? What legal recourse would the victim or your company have?
The fallout from the collapse of Bernie Madoff’s Ponzi scheme has generated both headlines and interesting legal issues. InMadoff Securities International Ltd v Raven & ors [2011], Flaux J considered a number of points of general interest. In particular, he provided important guidance on the extent to which claimants can use ‘anchor defendants’ to give …
In the first part of this article, the authors looked at the trade in counterfeit goods in the context of the massive changes taking place in the world economy and suggested that China’s current pre-eminence as the major source of the world’s counterfeits might come under threat from other emerging ‘competitors’. In part two, they …
Continue reading “The changing world of counterfeiting, part 2: strategies for the IP owner”
Saturday 28 January saw the annual Data Privacy Day1 once again upon us – an annual effort to alert the world to the importance of data protection, which, to date, has had varying degrees of success. Except this year it feels a little different – between the PlayStation Network being hacked2 , the Leveson enquiry3, …
India’s success story is discernible as new millionaires are being added to the number every day, some within a few years of creating their initial fortunes. According to the World Wealth Report compiled by Capgemini and Merrill Lynch, India’s high-net-worth individuals (HNI)1population entered the top 12 in the world for the first time in 2010. …