header-logo header-logo

Home Login E-newsletter About us

E-disclosure: health check

© Copyright LexisNexis 2025. All Rights Reserved.
14 January 2014 / Daniel Kavan
Categories: Features , E-disclosure , Procedure & practice , Jackson
printer mail-detail

Daniel Kavan advises how to keep ahead of the regulators where e-discovery is concerned

The risk of a European organisation receiving a hefty fine in relation to behaviour of its employees is significant. The European Commission’s cartel division imposed 1,882 million Euros in fines in 2013 (European Commission, Statistics on Cartels, updated 5 December 2013). In the UK, the Office of Fair Trading is currently looking into 14 different sectors and products, pursuant to its powers under the Competition Act 1998 (Office of Fair Trading, Competition Act Investigations—current), and the Financial Conduct Authority issued over £474 million in fines last year.

Even in industries which are not susceptible to breaches of competition law and are not regulated by the financial authorities, there are plenty of regulators ready to pounce on other behavioural issues such as money laundering, bribery and fraud. These issues also have a significant effect on the internal costs of running a business. On average, European companies lose 1.2% of revenue due to fraud (Kroll Global Fraud Report Annual Edition 2013-2014

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
Sponsored by
DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Read All
NLJ this week: Trans pool player loses discrimination fight
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
NLJ this week: Fraud claims climb as courts brace for AI threats
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
NLJ this week: Traders’ convictions quashed in Libor shock
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
NLJ this week: Small firms call for tech clarity as AI looms
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
NLJ this week: AI boom collides with courtroom reality
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
Copyright © 2025 LexisNexis
back-to-top-scroll