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21 October 2022
Issue: 7999 / Categories: Legal News , Fraud , Criminal , Technology
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NLJ this week: Does the Fraud Act need updating?

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It’s been 15 years since the Fraud Act 2006 took effect, and the scale and types of fraud have changed considerably. 

In this week’s NLJ, Stewart Hey & Abigail Rushton, of Charles Russell Speechlys, assess the Act’s success to date and outline outstanding issues.

Hey & Rushton contend that, for the Act to continue to succeed, three key issues should be considered—sentencing, the Act’s extra-jurisdictional reach, and the technological challenges of prosecuting fraud. They analyse each in turn.

Fraud is now the most common crime in England and Wales, and is said to cost the UK economy between £137bn and £190bn each year. Hey & Rushton write: ‘It is important that the UK has the legal framework to deal with the most complex cases of fraud and economic crime.’

See the full article here.

MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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