Tesco has agreed in principle to pay a financial penalty of nearly £129m plus costs as part of a potential deferred prosecution agreement (DPA), the Serious Fraud Office (SFO) has confirmed. A hearing will take place on 10 April before Sir Brian Leveson QC, to decide whether the DPA is to be approved. The announcement follows an SFO investigation into allegations of false accounting by Tesco Stores to inflate profits by £263m. The DPA does not address whether liability of any sort attaches to Tesco, or to the company’s employees, agents and branches.
30 March 2017
Tesco DPA
MOVERS & SHAKERS
Gateley Legal—Jack Kelly
Gateley Legal expands Midlands residential development team
Gibson Dunn—Richard Surtees
Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees
Laytons ETL—Alec Cameron
Laytons ETL appoints new partner and head of intellectual property disputes
NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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