Legal risk

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

, Updated 24.7.2019 at 11:04