Compliance with regulatory requirements in areas such as anti-corruption, anti-money laundering, data protection and competition law is no longer an option: reporting entities must comply or face administrative and criminal sanctions. Not only do they have to comply, they also have to show that they have procedures in place to do so.
Regulators are increasingly cautious and severe in their assessment of the breaches brought to their attention; the quantum of sanctions imposed is constantly increasing. Solacy assists its clients in the context of investigations and sanction procedures initiated by the regulators against them.
In addition, a large number of disputes are brought before the civil and commercial courts in connection with actual or alleged violations of legal or regulatory obligations.
It is common for contractors to invoke such breaches to justify termination. For example, victims of fraud blame a particular bank for failing to meet its regulatory obligations. Companies considering that their competitors’ failure to comply with legal or regulatory obligations no longer hesitate to initiate unfair competition actions.
Solacy Avocats assists its clients in this type of litigation, proposing innovative solutions in these fast expanding disputes.
