Risk Management

Insurance is an essential tool for transferring and mitigating risk and defining the acceptable level of risk.

Our multidisciplinary team supports our clients in the design and contracting of insurance and reinsurance products, in the management of claims, as well as in the sponsorship of insurance litigation.

A successful control culture depends on the definition of agile governance models that consider the profile of each company, legislative and regulatory developments and best practices.

Our team supports management and supervisory bodies, control functions and legal teams in defining the most advanced corporate governance models related to the sector and market benchmarking and in their suitability for each specific case (for example, advising on the drafting of internal regulations and rules of conduct, internal control and risk management policies and remuneration policies and practices).

Tax-related issues are increasingly a critical risk for any company. Rapidly changing tax laws, both in wording and interpretation, economic and financial crime with increasing reach, increasingly assertive authorities: the exposure of companies and executives is huge, requiring continuous identification and mitigation of compliance risks in this area.

Compliance implies a cautious and preventive approach, with teams knowledgeable not only of the legislation and trends in the authorities’ decision and priority, but also of the company itself and its relative exposure, so that the strategy and the company's own regular activity constitute a robust defence.

Technological and digital transformation places increasing importance on identifying sector and company-specific risks in the area of privacy and personal data protection.

We believe that compliance with data protection regulations should not be an obstacle to business development, and we therefore endeavour to provide solutions that constitute real compromises between compliance with regulations and the interests of our clients.

Security and data-related issues have become central concerns for companies, both in preventing and reacting to problems, with public impact. From service or business interruption to compliance monitoring, the need to be well versed in the legislation and the very public environment surrounding these issues requires particularly sensitive work with teams that have a grasp of the issues.

Companies and institutions are particularly vulnerable on more than one front, requiring knowledge, compliance and ongoing risk monitoring and management. On the one hand, regulation has grown, moving in an increasingly global and uniform direction. On the other hand, attacks are also increasingly global and sophisticated, with an existential threat to the business itself. Then, too, individuals themselves are increasing their scrutiny of their own data. Non-compliance has severe costs.

Anti-corruption and anti-money laundering legislation has been expanding and strengthening at national and international levels, with a cross-cutting impact on organisations. Compliance policies and the definition of risk management plans in these areas are fundamental for the development of a solid proactive and, if necessary, reactive strategy, involving all levels of organisations.

With strong political consensus, few sectors have been as discussed, regulated, and adapted as energy – with a very significant impact on all economic activity. Companies must rigorously measure their impact and manage risk, contributing to climate change mitigation, at the risk of business interruption, reputational damage, financial damage (including access to capital) or even possible civil or criminal liability.

Decision-making is increasingly complex, requiring careful analysis of ESG (Environmental, Social and Governance) and human rights factors across the business value chain. Proactivity in assessing ethics and sustainability is now an indispensable factor for the success of any organisation.

Competition law rules, due to their high legal and economic complexity, are often difficult for companies to interpret and apply. For this reason, and because the high risks and heavy penalties that can result from non-compliance lead to an increasing concern on the part of companies with respect for competition law, we have developed compliance programmes and internal investigations for our clients, geared to their specific needs.

These rules on both mergers and anti-competitive practices are at the centre of a company's strategy and conduct considerations and can require substantial changes in the way a company operates and interacts with its customers, suppliers, and partners.

The increasing regulation of many sectors has made economic activity particularly challenging: companies and organisations navigate through mazes of national and international legislation, of different levels and consequences, with overlaps and interpretations in constant evolution.

For companies, it is essential to ensure compliance with their obligations and risk prevention, safeguarding possible reputational and economic consequences, as well as defining their strategic plan and each new product bearing in mind the opportunities for sustained growth in the regulatory context in which they operate.

Our multidisciplinary teams offer a complete and integrated approach, cooperating with the client to proactively build a true control culture in alignment with their strategic objectives, with extensive knowledge of multiple business sectors (such as banking and financial services, insurance, private equity, retail and consumer goods, energy and natural resources, health and pharmaceuticals, TMT, and tourism and leisure).