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15.12.2019

Managing the Impact of international anti-corruption legislation on Russian Operations

The next roundtable in IBLF’s “Reducing the Risk of Corruption in Russian Business” Initiative (RRCRB) will take place on Wednesday 15^th December 15.30 - 18.00 at the offices of KPMG, Moscow-Citi, Naberezhnaya Tower Complex Block C.

Over recent years, companies have had to consider the impact of international legislation such as the US’s Foreign Corrupt Practices Act on their operations in Russia. In April 2011, the UK Bribery Act will come into force and is widely seen to be the most significant change to UK law in this area of business and commerce in many years. With extraterritorial scope, it will affect any company that has substantial business in the UK – including Russian companies. For more information about the law, see this BBC report.

As a result, companies are having to review their internal procedures and extend their compliance procedures to third parties. All levels of the company are involved in what will require a radical change of corporate culture.

At the round-table, we will hear a detailed interpretation of the law and its impact on companies from two of the most experienced British corporate lawyers working in Russia, and advice from one of the leading forensic auditors in Russia about the minimum management and operational changes necessary for companies to ensure that they are adequately protected. We will then invite companies to exchange their experience of how they are managing the necessary change.

The meeting is intended for Board-level executives and members of top management including heads of legal, finance, internal audit, compliance, and human resources. Attendance is free-of-charge. The meeting will be held in Russian and in English with simultaneous translation.

To register, please email [email protected] no later than 13^th December.

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Draft programme

Managing the Impact of international anti-corruption legislation on Russian Operations

15.00: Registration

15.30: Welcome

Dr. Jan Dauman, Global Trustee, IBLF, Chairman of IBLF Russia Advisory Council

15.45: Overview of international legislation and the UK Bribery Act and impact on operations

Ross Denton, Partner, Baker & McKenzie

Paul Melling, Partner, Baker & McKenzie

16.15: Development of internal procedures

Ian Colebourne, Head of Forensic, Russia and CIS, KPMG

16.45: Case study: TNK-BP

Paul Maguire, Senior Vice President - Financial Controller

17.15: Exchange of experience of Russian and multinational companies

18.00: Drinks reception

19.00: End

IBLF gratefully acknowledges the support of Baker & McKenzie and KPMG for the organisation of this round-table