In the sanctions climate, many foreign counterparties and banks require Russian businesses to have internal risk management policies and procedures in place. BGP Litigation helps clients build a sanctions compliance programme on a turnkey basis: from analysing the legal entity to make a map of sanctions, regulatory, and related reputational risks and classifying them, to drafting internal policies and procedures for managing any risks identified and training the client team.
BGP Litigation’s lawyers have extensive experience in implementing sanctions and regulatory risk management systems for the benefit of major Russian, Kazakh and Uzbek corporate groups in a variety of sectors, from IT to oil and gas.
- One case involved turnkey development of a sanctions compliance solution for a major Russian transport, logistics and stevedoring group consisting of natural monopolies.
- Our firm built a turnkey sanctions compliance programme for a well-known information security company seeking a Russian stock exchange listing.
- A sanctions compliance programme was created from scratch for two major corporate groups in Uzbekistan.
Legal assistance provided by BGP Litigation will enhance clients' investment appeal and integrity in the eyes of foreign and international counterparties and investors. This will shorten the time required for pre-contractual verification and KYC checks and reduce the chances of quitting or terminating legal relations.
Specifically, sanctions compliance is particularly important for companies with key clients or representative offices in the US, UK or EU. Sanctions compliance is critical where the beneficial owner / shareholder is a national or “green card” holder or a lawful permanent resident in the US, UK or any EU country or is otherwise closely linked with any of those jurisdictions.