Proposed changes to corporate criminal offending should cause corporate dealmakers to review the scope of acquisition diligence, particularly in light of the UK Serious Fraud Office’s (SFO’s) increasing use of deferred...more
Following a two-year investigation, Tesco PLC has announced that its subsidiary Tesco Stores Limited (Tesco Ltd) had agreed in principle the terms of a Deferred Prosecution Agreement (DPA) with the UK Serious Fraud Office...more
The UK’s growing focus on corporate criminal liability was seen in two recent pieces of news.
Last Friday the government announced a consultation on extending the reach of corporate criminal liability to additional...more
Deferred prosecution agreements (DPAs) became part of the prosecutors’ toolbox in 2014, allowing for settlement instead of bringing a case to trial. Recent statements from the Serious Fraud Office (SFO) indicate an increasing...more
We consider the implications for corporations under UK and US law, and the future of global criminal and civil investigations.
On November 26, 2015, the UK Serious Fraud Office (SFO) secured its first Deferred...more