The following Corporate Crime practice note provides comprehensive and up to date legal information covering:
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Lawyers and the companies they advise need to understand what their sanctions risks are in order to develop and implement an appropriate compliance strategy. Yet the landscape of sanctions compliance changed as a result of the UK’s decision to leave the EU.
Prior to 11 pm on 31 December 2020 (IP completion day), most of the UK’s sanctions regimes came from the EU, in the form of EU regulations that had direct effect in Member States, with criminal sanctions and licensing regimes established by UK regulations made under the European Communities Act 1972.
The UK’s domestic sanctions regimes were limited to freezing orders made (very exceptionally) under the Anti-Terrorism, Crime and Security Act 2001 (ACSA 2001), transactional restrictions directed under the Counter Terrorism Act 2008 (CTA 2008), and counter-terrorism sanctions under the Terrorist Asset-Freezing etc Act 2010 (TAFA 2010).
Following the UK’s decision to leave the EU, a UK domestic legislative framework was needed to retain the UK’s power to impose, amend and enforce sanctions. Although the European Union (Withdrawal) Act 2018 (EU(W)A 2018) preserved those EU regulations that were in force on exit day as retained EU law, it did not make provision for updates to those regimes or the imposition
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Defects liability period and rectification of defectsIt is common in construction projects for defects to manifest or appear in the works. Most construction contracts require the contractor to return to site to rectify (also known as ‘make good’) defects which arise or are discovered during a
Admissibility of hearsay evidence in criminal proceedingsHow to identify hearsayThe definition of hearsay is contained in the Criminal Justice Act 2003 (CJA 2003). It comprises of four essential elements.There must be:•a statement•made out of court•relied on for the truth of the matter stated,
AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March 2018. Its findings included that:•most firms understood the distinction between
LR1. Date of the lease[date]LR2. Title Number(s)LR2.1 Landlord's title number(s)[title numbers out of which this Lease is granted. Leave blank if not registered]LR2.2 Other title numbers[existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be
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