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NLJ this week: SFO disasters & how to fix them

01 September 2023
Issue: 8038 / Categories: Legal News , Fraud , Criminal , Disclosure
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The Serious Fraud Office (SFO) has faced some serious stumbling blocks in its time, so is it fit for purpose? In this week’s NLJ, in the first of a three-part series, Penningtons Manches Cooper lawyers Kate Bridgland, associate, Oliver Cooke, senior associate, and Richard Marshall, partner, put SFO prosecutions in the dock.

The collapsed prosecution of three former G4S executives this year is just the latest of many disasters at the beleaguered SFO. Bridgland, Cooke and Marshall outline some of these, and ask what went wrong. They investigate how significant a factor the SFO’s lack of resources may have been in its catalogue of failures to date. They look at the usefulness of ‘blockbuster’ funding. They turn to the issue of disclosure. They discuss the optics of investment, both in terms of financial resources and ministerial support.

The authors write: ‘With additional budget, the SFO would arguably be able to instruct more qualified experts, procure more sophisticated resources, and would have more experienced and well-qualified people on the ground to manage the various elements of complex proceedings (such as disclosure requirements, which have recently been a particular source of difficulty).’

Find Part 1 of the authors' series on the UK financial crime landscape here.

MOVERS & SHAKERS

Arc Pensions Law—Richard Meers

Arc Pensions Law—Richard Meers

Pensions litigation team announces senior associate hire

Burges Salmon—Neil Demuth

Burges Salmon—Neil Demuth

Firm appoints new chief financial officer

Anthony Collins—Sue Bearman

Anthony Collins—Sue Bearman

Social purpose firm announces director hire plus eight promotions

NEWS
AlphaBiolabs has made a £500 donation to Sean’s Place, a men’s mental health charity based in Sefton, as part of its ongoing Giving Back initiative
Human rights lawyers, social justice champion, co-founder of the law firm Bindmans, and NLJ columnist Sir Geoffrey Bindman KC has died at the age of 92 years
The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week
Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted
Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
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