Legal risk

Legal risk is the risk resulting from non-compliance with legislation and established market practices as well as from non-implementation, invalidity, nullity, voidability or the lack of documentation of contracts, agreements and decisions. The State Treasury has internal guidelines concerning management of legal risk. The cornerstones of legal risk management are knowledge of both domestic and foreign legislation, utilisation of frame and standard agreements and the government’s own model agreements. In addition, steps are taken to ensure that employees are familiar with the legislation, regulations and market practices concerning their activities.

Published 2013-03-07 at  15:00 , updated 2015-08-11 at  15:09
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