SFO Secures Two Further DPAs

On 19 July 2021, the High Court approved two separate deferred prosecution agreements (the "DPAs") between the UK Serious Fraud Office ("SFO") and two UK-based companies (the "Companies") for active participation in, and failure to prevent, bribery pursuant to sections 1 and 7 of the Bribery Act 2010. Read more

Ten Not Out! – SFO Secures Its Tenth DPA (Amec Foster Wheeler Energy Ltd)

On 1 July 2021, coincidentally the tenth anniversary of the UK's Bribery Act coming into force, the UK's tenth deferred prosecution agreement ("DPA") was approved between the UK Serious Fraud Office ("SFO") and Amec Foster Wheeler Energy Limited ("AFWEL"), a UK-based global engineering company. In this briefing, we provide an overview of the recent AFWEL DPA and discuss three key takeaways from Lord Justice Edis's judgment approving the DPA. Read more

Driving Meaningful Change in Diversity and Inclusion in the Financial Sector – The Regulators’ Proposals

Diversity and inclusion (D&I) has featured heavily in speeches by our UK regulators in recent months.  The FCA, PRA and Bank of England (the regulators) have now published a discussion paper (DP21/2) which aims to kick-start discussion on how the financial services sector, with the help of the regulators, can "accelerate the pace of meaningful change" in improving D&I within financial services firms. Read more

UK and EU impose new sanctions in response to Belarus’ forced diversion of a Ryanair flight

On 21 June 2021 the governments of the United Kingdom, the European Union, Canada and the United States made a joint statement announcing co-ordinated new sanctions on Belarus. The new sanctions were imposed in response to the forced diversion of a Ryanair flight to Minsk, Belarus on 23 May 2021 and the subsequent arrest of opposition journalist Raman Pratasevich, and his companion Sofia Sapega, and to ongoing concerns about the Belarusian regime’s attacks on human rights and the suppression of democracy under its president Alexander Lukashenko. Read more