CDR Magazine quotes Rhys Novak in a feature on UK litigation trends in 2025
CDR Magazine has gathered insights from funders, litigators, and barristers on the anticipated UK litigation trends for 2025.
Key areas of focus include regulatory changes, technology's increasing role, the growth of class actions, and the evolution of litigation funding.
Experts predict a rise in consumer protection and bank fraud cases, while data-related actions may decline. The Economic Crime and Corporate Transparency Act (ECCTA) 2023 is expected to drive stricter compliance efforts, with the legal sector also awaiting a pivotal Supreme Court judgment on benchmark rate manipulation.
Rhys Novak, Partner, contributes to the feature and comments on the failure to prevent fraud offence:
The offence may well lead to significant cultural, operational and managerial changes to the way many UK entities operate. The very fact that the offence and guidance applies only where the organisation stands to benefit – and not where the organisation is a victim – is a potential differentiating factor. The specificity of the offence, targeting fraud that benefits the organisation, demands a nuanced and perhaps more rigorous examination of internal practices. This, coupled with the imperative to uphold ethical standards and fair play in the market, may well challenge organisations to significantly refine their anti-fraud policies and procedures, despite the familiarity of the six guiding principles.
Read the full feature in CDR Magazine here.
