Bulgaria’s Corporate Compliance Programs: A Stitch in Time Saves Nine

Effective corporate risk management relies heavily on the existence and enforcement of strong compliance policies, according to experts. In Bulgaria, advising clients on regulatory requirements is crucial for pre-empting risks.

The Importance of Strong Compliance Policies

A leading law firm emphasizes the importance of strong compliance policies in its advisory work with clients from various industries. The firm’s lawyers provide risk analyses and assist with crisis management and internal investigations to mitigate damage and manage liability arising from corporate compliance issues.

Expertise in Corporate Compliance

The law firm has significant experience:

• Drafting and implementing internal compliance and dawn-raid manuals and procedures
• Providing ongoing competition support to clients
• Assisting with a range of matters, including:
  • White-collar and commercial criminal cases
  • Anti-corruption and anti-bribery compliance and investigations
  • Internal audits and investigations
  • Fraud in international trade, insurance fraud, financial instrument fraud
  • Anti-money-laundering compliance and investigations
  • Cyber-crime
  • Chasing down and recovering assets in commercial disputes and cross-border insolvency cases

Exclusive Membership with ICC FraudNet

The law firm is proud to be the exclusive Bulgarian member of ICC FraudNet, a network founded by the International Chamber of Commerce (ICC) in 2004. The ICC’s London-based Commercial Crime Services unit oversees the network, which aims to combat fraud and protect businesses from financial losses.

By being part of ICC FraudNet, the law firm can offer its clients access to expert resources and advice on combating fraud and protecting their interests. This exclusive membership demonstrates the firm’s commitment to staying at the forefront of corporate compliance and risk management in Bulgaria.