Are Singapore's safeguards for deferred prosecution agreements adequate?

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SINGAPORE (April 9): Less than three months after Keppel Corp announced a deferred prosecution agreement (DPA) with the US Department of Justice (DOJ) that will see it pay more than US$422 million (S$555 million) in fines for its involvement in a Brazilian bribery scandal, lawmakers in Singapore have passed legislation that will make it possible for similar action to be taken here against such errant companies.

“[The] speed at which DPAs came into being... did surprise me a little, as I had thought that the DPA provisions would be something deserving of a public consultation process,” says Eunice Chua, assistant professor of law at the Singapore Management University (SMU). As the term suggests, DPAs essentially allow companies to avoid prosecution if they comply with certain conditions. These could include implementing a compliance programme or...(click on link for full story on theedgesingapore.com)