In The News

27 November 2020

In its latest “pay for delay” decision the EU Commission sends out a very clear signal that the form of the payment received from a patent holder and made to a potential generic entrant does not matter. Unlawful “pay for delay” agreements do not only exist where there is a cash payment. What matters is that value is being transferred […]

It is clear to us that the current economic situation is having a disproportionately damaging impact on working class employees, and in our view the (eventual) economic recovery is likely to reach some parts of the workforce (much) later than others. For many roles, the recovery will unfortunately come too late, and we expect many employees will need to retrain […]

26 November 2020

On 12th November 2020 the Serious Fraud Office (SFO) announced it has recovered £1.2m in a settlement with Julio Faerman in relation to a West London apartment, believed to have been partly purchased with criminal funds linked to systematic bribery in Brazil. Serious Fraud Office Investigation | Rosenblatt’s Financial Crime Team Under the terms of the settlement Faerman, a Brazilian […]

Markets that are tipped can seldom recover even in the face of a determined regulator like the Competition & Markets Authority, UK’s principal competition regulator. That was also the lesson the EU Commission learnt with the Microsoft case over Windows Media player many years ago. However, a coalition of leading technology and publishing companies styled Markets for an Open Web […]

24 November 2020

Rosenblatt’s and Grant Thornton’s series of financial crime resilience briefings provided the attendees with a deeper insight and understanding of the most pressing financial crime issues facing firms today. If you missed any of the events, or you’d like to revisit any of the shared information, please click below: https://www.grantthornton.co.uk/en/insights/financial-crime-resilience-event-series/

On 12th October we reported that the Competition and Markets Authority (CMA) had launched a competition law investigation into Essential Pharma on the basis that the firm may have abused its dominant position by proposing to withdraw the supply of bipolar drug, Priadel, to UK patients. If Priadel was withdrawn, this would require patients to switch to alternative, more expensive […]

On 12th November 2020 the Metropolitan Police began a criminal investigation into potential perjury offences in relation to expert evidence given at the trials of postmasters wrongly convicted of theft and accounting fraud offences. Police Investigation | Rosenblatt’s Financial Crime Team The Post Office brought private prosecutions against hundreds of former postmasters in relation to alleged accounting fraud. It later […]

23 November 2020

On 30th October 2020 the Serious Fraud Office (SFO) announced it had entered into a Deferred Prosecution Agreement (DPA) with Airline Services Limited (ASL) in respect of three counts of failure to prevent bribery. SFO Deferred Prosecution Agreement | Rosenblatt’s Financial Crime Team Under the terms of the DPA, ASL agreed to pay £2,979,685.76, consisting of a financial penalty of […]

19 November 2020

Introduction In a landmark decision dated 19th November 2020 the UK’s principal competition regulator, the Competition & Markets Authority, fined price comparison website, ComparetheMarket (“CTM”) £17.9 million for breaching Chapter 1 of Competition Act 1998 and Article 101(1) TFEU for entering into a network of wide most favoured nation clauses (“MFN”) sometimes known as price parity clauses with a some […]

In the fourth session of Rosenblatt’s and Grant Thornton’s Financial Crime Resilience virtual event series, we discuss the move to remote working becoming the new normal and we take a deeper dive into data protection. What does the public want and how should businesses respond? Watch the full Data Protection session below: