Recent years have seen a trend of increased enforcement and supervision over corporations subject to supervision and regulation, which are require to comply with corporate responsibility and stringent regulatory standards in a range of fields related to the Anti-Money Laundering Act, and the Anti-Terrorism Financing Act. Broader responsibilities are also being imposed upon directors and officers in corporations.
The scope of regulation directly impacts the level of uncertainty in which these organizations operate, and on the market as a whole, since administrative and economic sanctions can be imposed upon at corporations, managers and officers due to the violation of regulations. Criminal liability may even lead to criminal proceedings and punitive sanctions, such as criminal indictment, forfeiture, conviction, imprisonment and/or fines. Financial penalties permissible by law are heavy and can reach millions of shekels for a corporation or an individual.
Therefore, and in order to minimize the ever-increasing legal exposure experienced by corporations and their officers at the administrative, criminal and civil levels, as well towards minimizing losses, it is highly advisable to take preliminary actions to assimilate the required procedures while formulating and creating a compliance and enforcement plan within the company.
Risk management, enforcement and compliance
Our firm provides legal advice on all areas relating to regulations, including banking and finance, insurance, environment, transportation and aviation, food, communications, internet, health, life sciences, antitrust, building planning and construction, privacy protection, and information security.
We consult our clients on the impacts of regulation, legislative procedure and government decisions vis-à-vis their business activities. We also represent our clients before the relevant regulatory authorities and in civil, criminal and administrative proceedings. Our guidance begins from the investigation and hearing stage through to court hearings, arbitration and mediation.
Our firm’s lawyers, who possess extensive knowledge and high proficiency with frequent local regulatory changes, prepare legal opinions to map the regulatory requirements and risks towards ensuring regulations are duly embedded into work processes. We also advise on adopting and implementing internal compliance and enforcement procedures and plans, and prevention of bribery and corruption.
Among our firm’s clients are public and private companies, commercial organizations, financial entities, service providers, municipalities and authorities. Additionally, we advise and represent senior management, directors, officers and private clients.
Regulatory oversight as part of international activities
As business became increasingly global and cross-border transactions grew increasingly complex, the ability to provide legal advice suited to different regions of jurisdiction became increasingly vital. As an international law firm, we are able to assist every company in managing its risks and reduce the effect of various regulations on their business operations. In this framework, we provide ongoing legal support across all stages of transactions and procedures related to breaking into new markets. We also assist foreign companies wishing to enter the Israeli market with local regulatory compliance.
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