January 23, 2017

In this article, Jenner & Block Partner Kelly Hagedorn and Associate Jessica G. Veitch examine the end to the Serious Fraud Office’s biggest investigation: that into Rolls-Royce plc, the British engineering giant.  The authors explain that the £671 million deferred prosecution agreement follows years of investigation into allegations of bribery and corruption committed by several of the company’s subsidiaries in seven jurisdictions.  In addition to the SFO, the settlement was with the US Department of Justice and the Brazilian Ministério Pύblico Federal.  The authors conclude that “securing a DPA of this size marks a successful end to the SFO’s largest investigation to date.  The judgment provides further guidance to others who may in future seek a DPA, in particular as regards self-reporting of criminal conduct.”