header-logo header-logo

NLJ this week: SFO disasters & how to fix them

01 September 2023
Issue: 8038 / Categories: Legal News , Fraud , Criminal , Disclosure
printer mail-detail
135274
The Serious Fraud Office (SFO) has faced some serious stumbling blocks in its time, so is it fit for purpose? In this week’s NLJ, in the first of a three-part series, Penningtons Manches Cooper lawyers Kate Bridgland, associate, Oliver Cooke, senior associate, and Richard Marshall, partner, put SFO prosecutions in the dock.

The collapsed prosecution of three former G4S executives this year is just the latest of many disasters at the beleaguered SFO. Bridgland, Cooke and Marshall outline some of these, and ask what went wrong. They investigate how significant a factor the SFO’s lack of resources may have been in its catalogue of failures to date. They look at the usefulness of ‘blockbuster’ funding. They turn to the issue of disclosure. They discuss the optics of investment, both in terms of financial resources and ministerial support.

The authors write: ‘With additional budget, the SFO would arguably be able to instruct more qualified experts, procure more sophisticated resources, and would have more experienced and well-qualified people on the ground to manage the various elements of complex proceedings (such as disclosure requirements, which have recently been a particular source of difficulty).’

Find Part 1 of the authors' series on the UK financial crime landscape here.

MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

back-to-top-scroll