Common Contracts
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DEFERRED PROSECUTION AGREEMENTS: ROLLS-ROYCE PLCMarch 6th, 2017
Deferred Prosecution Agreements („DPAs‟) became available in the United Kingdom on February 24, 2014. Some 18 months later, on November 30, 2015, Lord Justice Leveson (as he was then) approved the first agreement between the SFO and Standard Bank. On the 17th January 2017, Sir Brian Leveson concluded the third deferred prosecution agreement, this time an agreement having been reached between the SFO and Rolls-Royce PLC and its associate company, Rolls-Royce Energy Systems. As noted in his judgment, this agreement is to date „by far, the largest‟ DPA to have been agreed, costing Rolls-Royce £509,943,399 by way of a disgorgement of profits, financial penalty, and costs.
