March 2017 - Jitka Logesová, Partner at Kinstellar’s Prague office and head of the firm-wide Compliance, Risk and Sensitive Investigation practice, and Kostiantyn Likarchuk, Partner in the Kyiv office and head of the firm-wide Dispute Resolution practice, spoke at the 8th “Business Ethics Anti-corruption Compliance & Fraud Prevention Strategies in CEE, SEE & CIS” conference in Prague.
Recent experience from across Central and Eastern Europe indicates that companies are becoming ever more vigilant, putting greater emphasis on implementing effective anti-corruption policies. This trend results from recent regulatory developments at both the EU and national levels, as well as from the steady upturn in anti-bribery enforcement activities.
Jitka and Kostiantyn spoke about the current state of anti-corruption enforcement in Central and Eastern Europe and future trends. Jitka focused on general trends, such as increased prosecution of companies, the establishment and development of specialised anti-corruption bodies, the implementation of compliance police (and in this respect, the practical use of the new ISO on best anti-corruption practices). She also mentioned certain aspects that might, in some cases, be bogging down enforcement activities. She discussed the most common issues that would trigger a state investigation and the most exposed sectors, illustrating these issues with a case study on international criminal cooperation.
Kostiantyn followed up using the current situation in Ukraine – two years after the launch of a major anti-corruption reform in the country – to look at other ways anti-corruption authorities are addressing the problem. He also took participants through the process of implementing reforms and the related challenges and touched on some of the more landmark cases.
Kinstellar’s Compliance, Risk and Sensitive Investigations Practice is a market leader in the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Serbia, Ukraine, Turkey and Kazakhstan.
For more information, please contact Jitka Logesová, at +420 221 622 119, or .