“Prime Minister David Cameron has announced a parliamentary review of the banking sector in the wake of the Barclays inter-bank lending furore.”
BBC News, 2nd July 2012
Source: www.bbc.co.uk
“Pressure was growing yesterday for the bankers involved in interest-rate fixing to face criminal charges.”
The Independent, 2nd July 2012
Source: www.independent.co.uk
“A woman who claimed she was so disabled that she could not open a bottle wine has been convicted of benefit fraud after she was pictured scuba-diving during exotic holidays, according to the Department for Work and Pensions (DWP).”
The Independent, 28th June 2012
Source: www.independent.co.uk
“A man has been convicted on conspiracy charges relating to his operation of surfthechannel.com, a website offering links to TV and video content.”
The Guardian, 28th June 2012
Source: www.guardian.co.uk
“Insurers have lost a Supreme Court appeal to overturn a damages payout to a man who fraudulently exaggerated his personal injuries claim.”
The Independent, 27th June 2012
Source: www.independent.co.uk
“The government plans to simplify how serious fraud is prosecuted and punished in the UK.”
BBC Law in Action, 26th June 2012
Source: www.bbc.co.uk
Regina v Gangar and another [2012] EWCA Crim 1378; [2012] WLR (D) 185
“At the available asset stage of confiscation proceedings involving more than one defendant, a defendant’s partial interest in property was realisable, but had to be limited to his beneficial interest rather than treated as an 100% interest.”
WLR Daily, 21st June 2012
Source: www.iclr.co.uk
VTB Capital Plc v Nutritek International Corp and others: [2012] EWCA Civ 808; [2012] WLR (D) 181
“There was no such thing in English law as a ‘remedial constructive contract’ and the courts had no jurisdiction to subject parties to contractual obligations under a contract to which neither they, not the only undisputed parties to the contract had ever agreed or intended they should be subject. The Court of Appeal was bound to uphold the principle that it was appropriate to pierce the corporate veil only where special circumstances existed indicating that it was only a façade concealing the true facts. The veil-piercing principle had been developed pragmatically for the purpose of providing a practical solution in particular factual circumstances and could not be invoked wherever it was necessary to do so in the interests of justice and no unconnected third party was involved.”
WLR Daily, 20th June 2012
Source: www.iclr.co.uk
“The Court of Appeal has clarified its position on piercing the corporate veil rejecting an appeal against brought by state-owned Russian bank VTB Capital against Nutritrek International.”
The Lawyer, 20th June 2012
Source: www.thelawyer.com
“Piercing the corporate veil is currently a hot topic with a difference of opinion between various judges on several of the finer points, especially in a contractual context (compare Burton J in Gramsci v Stepanovs [2011] EWCH 333 Comm with Arnold J in VTB v Nutritek [2011] EWCH 3107 CH). In the meantime, while the decision of the Court of Appeal in VTB is eagerly awaited, the doctrine is essential to do justice in practice in many cases even though its theoretical underpinnings remain somewhat elusive.”
11 Stone Buildings, June 2012
Source: www.11sb.com
“Two cyber criminals have been jailed for setting up a website that enabled credit card fraud totalling more than £26.9m.”
BBC News, 6th June 2012
Source: www.bbc.co.uk
“A man who used a forged passport to obtain a job with the NHS in Worcester has been sentenced to 12 months imprisonment at Hereford Crown Court.”
UK Border Agency, 29th May 2012
Source: www.ukba.homeoffice.gov.uk
“A father of four who faked his own death to claim more than £850,000 in insurance was caught when a friend attempted to use his HMV staff discount card to buy an Elvis CD, a court heard.”
Daily Telegraph, 28th May 2012
Source: www.telegraph.co.uk
“Government fraud investigators came under attack today as two property magnates arrested during an inquiry into a failed Icelandic bank launched a High Court fight to clear their names.”
The Independent, 22nd May 2012
Source: www.independent.co.uk
“Payday loan company Wonga has been told by the Office of Fair Trading (OFT) it must improve its debt collection practices, after it emerged it had sent letters to customers accusing them of committing fraud.”
The Guardian, 22nd May 2012
Source: www.guardian.co.uk
“Plans for a new tool to tackle economic crime were published today for consultation by Solicitor General Edward Garnier QC and Justice Minister Crispin Blunt.”
Attorney General’s Office, 17th May 2012
Source: www.attorneygeneral.gov.uk
“A former potato firm director has been told he faces a significant jail term for his role in a bribery scam with a buyer at Sainsbury’s.”
The Guardian, 15th May 2012
Source: www.guardian.co.uk
“Benefit cheats will be fined up to £2,000 without being taken to court under new powers from today, which the Government said will save the taxpayer around £42 million over the next three years.”
The Independent, 8th May 2012
Source: www.independent.co.uk
“Two men have been found guilty of money-laundering charges following a £2.3m fraud against the Olympic Delivery Authority (ODA), the Crown Prosecution Service has confirmed.”
BBC News, 24th April 2012
Source: www.bbc.co.uk
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