All posts in the Uncategorised category

More tough action from the FSA – time to stop playing games

Nicholas Kyprios, European head of credit sales at Credit Suisse, has been fined £210,000 by the Financial Services Authority for misuse of information being treated as insider information.

Credit Suisse was acting on behalf of Liberty, an American telecoms company targeting the acquisition of Unitymedia, a German television company. In preparation for the deal, Mr Kyprios was wall-crossed with regard to a proposed £2.5 billion bond issue by Unitymedia. He was instructed that this was inside information, which he should not share with anyone outside of Credit Suisse except for five pre-approved investors who he was also permitted to wall-cross.

Confiscation – behind the headlines

On Tuesday last week the CPS released details of 143 criminals who have failed to pay monies owed under Confiscation Orders, orders aimed at depriving a convicted person of the spoils of their crime. The headline on the front page of the Evening Standard read: “Exposed: Crooks who owe Britain £600 million” and the article went on to detail the names of the top 10 “Mr Bigs” together with photos of their glamorous homes and luxury cars.

British Russian Law Association celebrates a successful 2011

The Annual General Meeting of The British Russian Law Association (BRLA) took place at The Reform Club in London last night. At this well attended event, the re-elected Chairman Professor Bill Bowring thanked Rupert D’Cruz for his tireless and unselfish efforts during his 20 years as a leader of the organisation. Robert Brown, partner, Corker Binning was also re-elected as Vice-Chairman of the Association.

FSA restructuring – what implications for financial crime prosecutions?

On 15 February 2012, the Financial Services Authority (FSA) announced that the managing director of its conduct business unit, Margaret Cole, will leave the financial regulator at the end of March. Her exit follows a number of departures of senior staff from the FSA as the coalition government continues to implement its policy to restructure the way in which the financial industry in the UK is regulated. So what is the shape of things to come?

Should court proceedings be televised? – Episode two

Since my last blog was published, the new proposals to allow cameras in courtrooms have gone through a rather rapid transformation. According to reports following the story breaking on Monday evening (5 September), the Government was ‘considering’ the plans, David Cameron was ‘sympathetic’ and Ken Clarke thought it was ‘a good idea’. By Wednesday morning, the Ministry of Justice had announced that the ban on filming in courts would be overturned, with filming being initially allowed in the Court of Appeal with a view to expanding to the Crown Court in due course.

Welcome

Welcome to the Corker Binning Blog which we are launching to mark our 10th anniversary. Partners and assistants will be posting short articles, comments and observations on a range of topical issues and contributing to the wider debate about criminal justice in the UK and abroad. We hope that you will find it interesting, informative and perhaps even thought provoking! We hope also that you’ll take the opportunity to join the debate by posting your thoughts.