Ultra Electronics: Cooperation Leads to a Second Chance at a DPA, Anti-Corruption Report

Anti-Corruption Report quoted partner Paul Feldberg in an article examining the Serious Fraud Office’s (SFO’s) deferred prosecution agreement (DPA) with Ultra Electronics Holdings Ltd and what the resolution signals about the future of corporate enforcement in the United Kingdom.

The article explores the significance of the SFO’s first DPA since 2021, including the role of corporate self-reporting, cooperation, and remediation in securing a settlement. Paul noted that, despite criticism of the lengthy investigation timeline, the resolution demonstrates the continued viability of the SFO’s DPA framework and reflects the substantial effort required to bring complex cross-border bribery matters to a conclusion. “Despite what other commentators may say this should be counted as a win for the SFO and the company,” Paul said.

Read the full Anti-Corruption Report article >>