Law and regulation

Insight / Ipswich charity had poor financial management

A Charity Commission inquiry into the Ipswich Kurdish Islamic Cultural Centre has concluded that there was misconduct and mismanagement in the charity’s administration, with multiple failings by the trustees including poor financial management

Insight / Campaign to crack down on business cartels

The Competition and Markets Authority (CMA) is targeting illegal business cartels in a bid to ensure a fair deal and free competition, with the launch of its first-ever advertising campaign and up to £100,000 on offer to whistleblowers

Insight / Investigation into overseas payments by Leicester-based charity

The Charity Commission has opened a statutory inquiry into Bhaarat Welfare Trust and frozen its bank accounts, over concerns about its financial management

Insight / Footballer’s Sierra Leone charity facing potential ‘red card’

Concerns have been raised about alleged financial irregularities at a charity set up by former Premier League footballer Craig Bellamy to help children and young people in Sierra Leone, which closed without warning last year, leaving some without support

Insight / Litigation financing: what you need to know

Undertaking legal challenges can be costly and time consuming for firms, while being the subject of one is no easier. James Delaney, director at litigation specialists TheJudge explores the mechanics of litigation financing

Insight / Sir Philip Green to make £363m BHS pension contribution

Sir Philip Green has pledged to pay up to £363m into the BHS pension pot, having promised to ‘sort’ the retailer’s shortfall in a parliamentary inquiry last year

Audit / Blockchain carries ‘risk and promise’, says payments regulator

Central banks and financial institutions must carefully consider the potential savings and efficiencies of using Blockchain and other distributed ledger technology along with its risks in payments, clearing and settlement, warns global payments regulator, Bank for International Settlements 

Audit / Blockchain: game changer for audit?

Given its dubious black economy origins, initially there was widespread distrust of Blockchain among audit and accounting circles. But it could change audit radically if it is adopted by larger businesses and auditors are forced to review their technical capability, reports Calum Fuller

Insight / Accountant forged mother’s will

A chartered accountant who forged his dead mother’s will as part of a long-running and acrimonious dispute litigated across multiple jurisdictions with his three brothers over control of a $200m (£160m) family business has been branded ‘a self-confessed liar’ in the High Court

Insight / BREAKING: SFO charges Harlequin chairman with fraud

Chairman of Harlequin Hotels & Resorts David Ames has been charged by the Serious Fraud Office (SFO) with three counts of fraud by abuse of position

Insight / Record number of employers underpaying workers

High street retail chain Debenhams tops the list of more than 350 employers found to have failed to pay either the national minimum wage (NMW) or the national living wage (NLW) to their staff, the biggest number so far.

Accounting / Hargreaves Lansdown admits breach of rules on dividend payments

Investment group Hargreaves Lansdown has admitted that a number of historic dividend payments have been paid out in breach of Companies Act requirements, and is to hold an additional general meeting for shareholders next month to correct what it calls ‘a technical issue’ in how it accounted for the payments

Insight / Case: pension rights for unmarried couples?

The Brewster Supreme Court ruling on the pension rights of a co-habiting partner highlights differences in regulations covering public sector pensions in Northern Ireland and the rest of the UK, and there are implications for private sector pension schemes, says Becky Ryding, a pensions solicitor at Gateley plc

Insight / Supreme Court rules on disputed pension rights for partner

A woman whose long-term partner died suddenly has won a legal battle which could change the pension rights of unmarried couples working in the public sector

Insight / Legal updates: February 2017

In this month's legal updates, experts at law firm Gateley plc consider the correct test to be applied when assessing a person's mental capacity to enter into a transaction, dealing with repeat offenders, use of an insolvent partnership name