By identifying and managing compliance risks appropriately, companies can not only avoid legal problems, but also strengthen stakeholder confidence and ensure long-term sustainability.
Rechtsanwalt Dipl.-Ing. Michael Horak, LL.M.
The risk in compliance law relates to the possibility that a company or organisation violates applicable laws, regulations or internal guidelines. The importance of risk in compliance law is that companies and organizations strive to comply with legal and ethical standards in order to avoid legal consequences, financial losses or reputational risks.
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Compliance risks can come from various sources, including regulatory requirements, anti-corruption laws, data protection regulations, environmental protection regulations and other legal requirements. Companies must identify, assess and take appropriate measures to minimise or avoid these risks.
The importance of risk assessment in compliance law is that it helps companies identify potential breaches at an early stage and proactively take measures to ensure compliance with the laws. This can include implementation of compliance programs, training for employees, internal controls and monitoring mechanisms.
From a seminar for beginners to training on the way to Compliance specialist we offer different levels.
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Job Offer Attorney (m/w/d) in Hanover
We're looking for legal backup. In principle, every economic area you prefer is considered for us. At present, we can offer you a comprehensive practice in the following sub-areas, where we have a significant mandate and processing surplus: horak. LEGAL ASSETS PATENTS Do you have any questions? Just call us. (Phone 0511.35...
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Risk in compliance law
By identifying and managing compliance risks appropriately, companies can not only avoid legal problems, but also strengthen stakeholder confidence and ensure long-term sustainability. Lawyer Dipl.-Ing. Michael Horak, LL.M. The risk in compliance law relates to the possibility that a company or organisation violates applicable laws, regulations or internal guidelines. The...
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Incentives and sanctions as instruments
Incentives and sanctions are instruments used in compliance law to promote and ensure compliance with legal regulations, corporate guidelines and ethical standards. They serve to motivate employees and organisations to behave in accordance with the rules and to draw appropriate consequences in case of non-compliance. We are represented throughout Germany. Visit our headquarters and our branches....
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The Federal Cartel Office monitors and regulates competition
The Bundeskartellamt is an independent competition authority in Germany, which is responsible for enforcing antitrust law and monitoring competition. Lawyer Dipl.-Ing. Michael Horak, LL.M. In the context of compliance rights, the Federal Cartel Office plays an important role as it obliges companies to comply with the applicable competition rules and not to commit antitrust infringements. Company...
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Excluding third-party risk
One way to identify, prevent, and ultimately reduce risks is to conduct risk-based due diligence audits on business partners. Lawyer Dipl.-Ing. Michael Horak, LL.M. We're professionals. Use a first consultation with us. Systematic investigations and evaluations of Group companies are part of the prophylaxis of a company against compliance risks. Based on the results, risk management can be carried out....
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Find specialist law firms
The headquarters of the law firm horak Rechtsanwälte/specialists/patent attorneys are located in the state capital of Lower Saxony in Hanover. Here we have central facilities that can also be accessed from our sites, such as servers, digital library, telephone control, etc. We are lawyers and stand with all lawyers from the law firm and the patent attorneyship for goal-oriented...
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Enjoying corporate privilege
We advise and support you on all compliance issues. From a antitrust perspective, accurate observation is important for assessing compliance risks. The importance of compliance increases with antitrust risks. Lawyer Dipl.-Ing. Michael Horak, LL.M. Prohibiting agreements between competitors Antitrust prohibits agreements that affect competition between competitors, such as agreements on prices, price changes and calculations, as well as...
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Organizing compliance processes
The organisation resulting in the light of compliance is complemented by hedging levels in decision-making processes and throughout the supervisory organisation. Lawyer Dipl.-Ing. Michael Horak, LL.M. Compliance with applicable laws The main goal of a compliance organization is to comply with all applicable laws and rules throughout the Group. The organisation should guarantee the best possible advice and support in all areas of the Group. We'll advise...
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Monitor and improve CMS
We are represented throughout Germany. Visit our headquarters and our branches. IDW PS 980 is the ongoing monitoring and improvement of the compliance management system (CMS). The adequacy and effectiveness of the CMS are monitored. A sufficient documentation of the CMS is required for monitoring. Is the compliance management system appropriate and up-to-date? Is it still working? These are the questions that...
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Incentives in the Compliance Management System
We are represented throughout Germany. Visit our headquarters and our branches. An incentive is something that arouses interest. Incentives can motivate people to do something, for example in material or financial form. Our company law practice is not only at your side, but we support you in the implementation of compliance management as well as...