Time Makes All the Difference: Why and How to Check a Counterparty, Part I/II

Time Makes All the Difference: Why and How to Check a Counterparty, Part I/II

“All life is risk management, not risk exclusion.” These words belong to an outstanding man – Walter Riston, one of the most influential bankers in the world, the former head of the large international financial conglomerate “Citicorp”. And speaking of risks in this way, he understood what he was talking about. In business it is impossible to protect yourself from all sides on an ongoing basis. Self-employment requires daily decision-making, cooperation with dozens and sometimes hundreds of customers, partners, investors. And this is not always a predictable story. To risk and go forward to reach your goal in business is necessary, but it should be done not blindly, but being thoroughly prepared and having covered the rear. Otherwise in the excitement you can lose everything – capital and reputation. And life examples are the proof of that.

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The Rule of Law and the Corporate Compliance

The Rule of Law and the Corporate Compliance

I. Intro. In October 2018, as I attended the International Bar Association’s (IBA) Annual Conference, I came across a discussion on the Rule of Law (Ukraine’s equivalent is the principle of the Supremacy of Law, which I believe is not much admired in practice,). During Opening Ceremony, which took place in a charming brand new conference center La Nuvola in Rome, the IBA President Martin Solc emphasized: “As guardians of the Rule of Law, lawyers understand when it is suppressed and forgotten. Society falls under the uncontrollable Rule of Individuals with vested interests and ultimately, dictators.

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Why Do We Desperately Need a Culture of Integrity in Ukraine?

Why Do We Desperately Need a Culture of Integrity in Ukraine?

According to Tony Dungy, “integrity is a choice between what is convenient and what is right”. Let’s be honest, many Ukrainians tend to “cut the edges” to avoid complications, delays, or inconveniences in their daily lives, be it a payment for avoiding queue in a clinic, a small bribe to avoid ticket for speeding, or a facilitation payment to facilitate obtaining certain authorizations.

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To Bribe or Not to Bribe: A Look From Different Angle

To Bribe or Not to Bribe: A Look From Different Angle

Do you think that bribery may be acceptable in certain cases?

I suspect that your initial reaction was “No way! There is no excuse for bribery.” Frankly, I hope it would be a natural reaction of any reader of our blog. Nevertheless, I still ask you to give it a thought before you react. You will see that the answer may be not so obvious.

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No More Swedish House Mafia: the Swedish Secret Ingredient to Eradicate Corruption

No More Swedish House Mafia: the Swedish Secret Ingredient to Eradicate Corruption

With this post, I would like to share with you, Periscopers, what I learned of corruption in Sweden during my stay in Malmo for two exciting weeks. My inspiration derives from my recent participation in SI Summer Academy for Young Professionals. First of all, I would like to express my gratitude to the Swedish Institute for granting me this opportunity and encourage all of you to apply for the Sustainable Public Management Program next year…

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