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Time to agree terms?

12 September 2013 / Polly Dyer , HHJ Michael Hopmeier
Issue: 7575 / Categories: Features , Fraud , Bribery , Regulatory , Commercial
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Polly Dyer & HHJ Michael Hopmeier assess the role & impact of DPAs at home & abroad

  • Section 45 of the Crime and Courts Act 2013 enacts Schedule 17, which provides for the introduction of Deferred Prosecution Agreements (DPAs), is expected to come into force in February 2014.
  • DPAs will not be available for individuals, whether for individual crimes or for action untaken on behalf of an organisation. 
  • DPAs  can be used in relation to conduct pre-dating the commencement of the legislation.
  • Lessons learned from other jurisdictions.

The government’s latest instrument in the fight against economic crime is the Deferred Prosecution Agreement (DPA). A DPA is a voluntary agreement between a prosecuting authority and a commercial organisation whereby, in return for complying with a range of stringent conditions including, eg the payment of a substantial financial penalty, requirements to make reparation to victims and participate in monitoring for a set period, the prosecutor will defer a criminal prosecution. If the required conditions are fulfilled, then the commercial

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MOVERS & SHAKERS

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

Birketts—Phillippa O’Neill

Birketts—Phillippa O’Neill

Commercial dispute resolution team welcomes partner in Cambridge

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

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