Inside France's 1st Deferred Prosecution Agreement

In November 2017, the Parquet National Financier, a Paris office tasked with prosecuting complex financial crimes, entered into France's first deferred prosecution agreement (known as a Convention judiciaire d’intérêt public, or CJIP). Authorized under the Sapin II anticorruption law of 2016, the French agreements have much in common with U.S. and U.K. DPAs, as well as several key differences.