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BDO Law provides an opinion to a credit institution on possible risks of sanctions, liability insurance policies of the board and officials and possibilities to protect shareholders' interests

15 July 2020

In the context of active financial market supervision and reform, the state has taken steps that not only contribute to improving the transparency of credit institutions, but often expose the industry as a whole to bureaucratic risk. In the context of these reforms, BDO Law analysed potential risks and solutions to protect its legal interests in the event that a credit institution's operations were jeopardised.

In the framework of the opinion’s preparation, the possibilities of protection of foreign investments were analysed, as well as the preconditions of nationality planning in order to protect the credit institution's shareholders from unwarranted state interference, which could result in billions of euros in losses.

The knowledge of Ingus Meimer, a senior lawyer and attorney, in the field of foreign investment promotion and protection and international arbitration served as an important contribution to the opinion, which helped the client consider the most preferable interest protection mechanism in case of losses in non-commercial risks.