Kinstellar & Kroll join forces for a major anti-corruption event in London
May 2016 - Earlier this month, Kinstellar, Emerging Europe and Central Asia’s leading independent law firm, and Kroll, the leading global provider of risk solutions, co-organised an interactive and practical discussion at the Andaz Hotel in London focusing on how to effectively manage the risks associated with bribery and corruption in the CEE/CIS region. The event was timed to coincide with the landmark international anti-corruption summit held in London and hosted by Prime Minister David Cameron.
The seminar, entitled “It’s Not as Easy as ABC”, emphasised that it is not just the FCPA, UK Bribery Act or other foreign legislation, but also local anti-corruption legislation across the CEE/CIS region that has an impact on companies operating in CEE/CIS. Case studies from the Czech Republic, Romania and Ukraine showed how different the level of enforcement is within CEE/CIS and set out the reasons for these differences. Not only is the behaviour of companies changing because of the new business environment (with corporate criminal liability being incorporated in most countries, better enforcement, and the awareness that reputation does matter), but the risks companies are exposed to are also different now. The nature of high-risk parties and high-risk payments is, for example, changing as the wrongdoers also adapt to the new environment. Conflict of interest between companies and personal interests has been identified as a regional issue.
The panel included Jitka Logesova, Partner at Kinstellar Czech Republic and head of the firm-wide CRSI practice, Kostiantyn Likarchuk, Partner in our new Kyiv office, and Bogdan Bibicu, Partner in our Bucharest office. They were joined by Zoe Newman, Managing Director of Kroll, London, Alex Volcic, Managing Director, Kroll, Moscow, Howard Cooper, Managing Director, Kroll, London, and Hana Lesenarova, VP, Business Intelligence Unit, Deutsche Bank, Germany. The panel was moderated by Ben Aris, Editor-in-Chief, Business New Europe.
The event was well attended by professionals from various fields, including banking & financial institutions, law firms, FMCG and energy.
For more information please contact Jitka Logesova, Partner and head of the firm-wide CRSI practice, at , or +420 221 622 119.