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Keeping the peace at Christmas – top tips for shared parenting over the festive season
Lauren Evans
Regulators around the world are calling for cryptocurrencies to be brought within the remit of financial regulation. To date, the focus has largely been on Bitcoin, which was the predominant cryptocurrency traded on some of the largest dark web markets. However, in light of the call for better oversight, the value of Bitcoin plummeted and evidence suggests that users are moving towards alternatives that afford greater anonymity.
In another recent case relating to the circumstances required to successfully establish a claim to litigation privilege (see Philip Salvesen’s blog on the case of Bilta & Ors v RBS & Anor [2017] EWHC 3535 (Ch), the Court of Appeal (Criminal Division) has followed the approach adopted in SFO v ENRC [2017] 1 WLR 4205 in ruling that a statement made by an employee to his company’s solicitors as part of their investigation into a death at work was not covered by privilege.
Unexplained Wealth Orders (UWOs), first ratified in the Criminal Finances Act of April last year, are now in force meaning UK law enforcement agencies have a new tool at their disposal to help fight organised crime. Media reports have cited 'fishy millionaires', the wealth of corrupt overseas politicians and the properties of oligarchs as the intended targets. In practice however UWOs can be applied to any asset over £50,000 where there are reasonable grounds for suspecting dirty money is involved. Accountants, tax advisers and private wealth managers therefore need to understand how UWOs work and why their clients, innocent or otherwise, might be at risk.
The Treasury has indicated that it is planning on regulating bitcoin, in an attempt to bring some order to the Wild West that is cryptocurrencies. What would regulation of Bitcoin achieve?
The question of when, and in what circumstances, a document capable of enjoying the protection of legal professional privilege will be said to have lost its confidentiality such that privilege cannot apply has arisen in two cases in separate jurisdictions in recent weeks.
Lauren Evans
Roberta Draper
Christopher Perrin
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