Conducting investigations in the UAE: Baker McKenzie Insights
Leading global law firm Baker McKenzie recently hosted the second in its series of seminars for senior executives in Dubai, Abu Dhabi and Ras Al Khaimah, focusing on the practicalities of how investigations, whether internal or regulatory driven, are best conducted in the UAE, and addressing the most common issues companies face.
The interactive workshop was led by senior representatives from Baker McKenzie and Control Risks' Compliance & Investigations teams in the UAE and the UK. Nearly 120 senior executives from leading corporates, financial institutions and government entities gathered to discuss practical issues arising in each step of the investigation process, including the first response to the crisis, gathering and preserving data, conducting effective interviews, interfacing with local and foreign authorities and complying with disclosure requirements and other applicable laws.
“The discovery of criminal or other improper conduct by individuals or companies can have broad ranging implications on an organization, and investigations into the questionable behaviour can be highly disruptive to a business, particularly when regulators or law enforcement authorities become involved” said Borys Dackiw, Head of Corporate & Compliance of Baker McKenzie Habib Al Mulla in the UAE.
It is absolutely essential that an organisation has a crisis management plan in place to deal with these situations.
"Delivering a thorough, carefully planned and credible investigation will minimize disruption to the business, will help the company maintain control of the process and ultimately could help mitigate the risk of corporate criminal liability and other sanctions."