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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

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Firm expands London disputes practice with senior partner hire

Druces—Lisa Cardy

Druces—Lisa Cardy

Senior associate promotion strengthens real estate offering

Charles Russell Speechlys—Robert Lundie Smith

Charles Russell Speechlys—Robert Lundie Smith

Leading patent litigator joins intellectual property team

NEWS
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
Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'
In NLJ this week, Sailesh Mehta and Theo Burges of Red Lion Chambers examine the government’s first-ever 'Afghan leak' super-injunction—used to block reporting of data exposing Afghans who aided UK forces and over 100 British officials. Unlike celebrity privacy cases, this injunction centred on national security. Its use, the authors argue, signals the rise of a vast new body of national security law spanning civil, criminal, and media domains
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