Legal risk

Legal risk is the risk resulting from failure to comply with laws and regulations or established market practices as well as invalidity, nullity, voidability, discontinuation or the lack of documentation of contracts, agreements and decisions.

The State Treasury has prepared a set of internal guidelines for the management of legal risks. The State Treasury actively monitors its legal operating environment and reacts to significant changes quickly when necessary.

The objectives of legal risk management are to ensure compliance with applicable laws, rules and regulations and to minimize legal risk by utilising standard agreements and the government’s own templates. In addition, steps are taken to ensure that employees are familiar with legislation, regulations and market practices concerning their activities.

, Updated 23.2.2024 at 12:59