Archive: December 2022

As we enter a recession against the backdrop of ongoing geopolitical instability, we expect to see significant financial crime enforcement and investigations in 2023, including a focus on emerging areas such as ESG, cryptocurrencies, and significant developments in financial sanctions.

In Barclay-Watt v Alpha Panareti Public Ltd [2022] EWCA Civ 1169, the Court of Appeal has held that a director was not liable as an accessory to a company’s negligent advice.

Members of our Disputes and Regulation and Investigations teams have written an article discussing the new Economic Crime and Corporate Transparency Bill that is currently progressing through Parliament.

In LMN v Bitflyer Holdings Inc and others [2022] EWHC 2954 (Comm), the High Court granted powerful ‘information orders’ under the court’s Norwich Pharmacal and Bankers Trust jurisdiction against cryptocurrency exchanges that are competitors to the claimant-applicant LMN.