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NLJ this week: Time for a failure to prevent economic crime offence?

01 April 2022
Issue: 7973 / Categories: Legal News , Criminal
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The invasion of Ukraine and subsequent focus on sanctions has put the spotlight on illicit wealth. Is it time to introduce a failure to prevent economic crime offence? 

Support for such an offence is mounting, say Daniel Martin, partner at JMW, and Red Lion Chambers barristers Michael Goodwin QC and Anita Clifford.

Writing in this week’s NLJ, the trio look at the implications for business in all sectors, the consequent expansion of the ‘identification doctrine’ and why the introduction of such an offence would need to be matched by an increase in resources at the Serious Fraud Office.

They write that the value of these type of offences ‘lies in their deterrent effect and ability to catalyse cultural change in companies both big and small.’

MOVERS & SHAKERS

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

Birketts—Phillippa O’Neill

Birketts—Phillippa O’Neill

Commercial dispute resolution team welcomes partner in Cambridge

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

NEWS
The proposed £11bn redress scheme following the Supreme Court’s motor finance rulings is analysed in this week’s NLJ by Fred Philpott of Gough Square Chambers
In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
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