A fresh legal paradigm has emerged in which criminal, regulatory & civil liabilities elide says Robin Barclay
- Multi-jurisdictional, multi-party and multi-liability fraud cases represent the new normal.
- A fresh legal paradigm has emerged in which criminal, regulatory and civil liabilities elide.
Commercial fraud is a broad and complex topic involving all areas of commercial life and many areas of law. With multi-jurisdictional, multi-party and multi-liability fraud cases representing the new normal for today’s business community, a fresh legal paradigm has emerged in which criminal, regulatory and civil liabilities elide. This article explores how the substantive rules in English criminal, regulatory and civil fraud have come to mesh with one another to form a unitary whole and why practitioners and clients alike are seeing a rapid need to find more holistic interlocking solutions to the questions these cases raise.
Criminal fraud: liability & punishment
Fraud prejudicial to the community is a crime according to different statutes and at common law. In the case of an individual it is punishable by imprisonment or non-custodial sentences and ancillary orders, including a fine, compensation, confiscation of assets,
