Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
France Announces First-Ever Deferred Prosecution Agreement
11 December 2017
View Client Update
On November 14, 2017, the French National Financial Prosecutor’s office announced the first ever French-style DPA. HSBC Private Bank Swiss agreed to pay €300 million to settle criminal charges relating to laundering the proceeds of tax fraud, with neither an admission of guilt nor a conviction.
The French National Financial Prosecutor subsequently said that his office intends to use similar DPAs to resolve other cases involving corruption.
Because the French-style DPA works differently than its U.S. and U.K. counterparts, companies contemplating such a resolution should conduct a France-specific strategic analysis.
White Collar & Regulatory Defense
Andrew J. Ceresney
Lord Goldsmith QC
Antoine F. Kirry
View More Authors
UK Modern Slavery Act Transparency Statement
Debevoise Women's Review