Court of Appeal takes significant step in sentencing large companies
By Andrew Tatlock
The Court of Appeal (Criminal Division) has handed down judgment on two appeal cases brought by companies contesting the level of fines each received.
The court rejected both appeals, providing a clear message to the sentencing courts that could have significant consequences for all corporate defendants, particularly those with a large turnover.
The case concerned two appeals. The first was brought by Sellafield, a nuclear waste management company with a turnover of £1.6bn. Sellafield pleaded guilty to offences arising out of the disposal of radioactive waste and received a fine of £700,000. Second, Network Rail, with a turnover of £6.2bn, pleaded guilty to a health and safety offence for failing to make safe a private rail crossing, which led to a car being struck by a train, inflicting very severe injuries on a 10-year-old boy. The company received a fine of £500,000…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
We are now starting to see more private companies looking to buy back shares as a means of managing share capital.
The government is consulting on a range of provisions in the EU Accounting Directive that could result in simpler accounting requirements for smaller companies.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…