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In order for us to talk about the best practices in managing a legal team in a company, we must, first of all, realize that such a team is not only composed of good lawyers but represents a well-functioning hybrid. Why a hybrid? Because this team must provide both substantive assistance and act as an entity that perfectly understands and senses business needs.

In today’s rapidly evolving business and legal landscape, the importance of collaboration and knowledge exchange between departments has never been more apparent. While traditionally separated by distinct roles and expertise, the integration of legal and scientific teams through cross-functional training has shown to be a transformative approach that drives innovation, fosters collaboration, and ultimately supports overarching business goals.

Shortly after the early years of my career, I moved from the attorneys’ world (more precisely, clerks’) into the world of corporate lawyers. The difference between the two became apparent early on. At least for me, the big difference was that, while working as an attorney, I was in contact with the client only in bursts. As an in-house legal counsel, there is essentially a continuous relationship between lawyers and business colleagues. This continuous relationship results in a kind of interdependence – working together both in good and bad times, celebrating joint successes but also facing challenges together.

In a globalized, post-pandemic world, managing international teams of lawyers seems like orchestrating a grand symphony. The players come from diverse national and educational backgrounds, each bringing unique instruments and experiences. As a General Counsel, you are the maestro, conducting this diverse orchestra of lawyers to perform a grand legal symphony composed by various national and international legislators and regulators.

In a world where business operations frequently cross borders, the role of legal strategy becomes critical in navigating complex regulatory and political landscapes. Drawing on their professional experience, Envista Holdings Corporation Senior Legal Counsel Karel Budka and Head of General Legal at Zentiva Pawel Borowski held talks at the CEE Legal Matters GC Summit that took place in Warsaw on April 25-26, 2024. Budka explored the depths of managing foreign direct investment subsidy applications and Borowski looked at the implications of adapting to evolving sanctions.

“Plan twice to implement once” is Teqball Group Legal Director Marianna Erdei’s approach to implementing new whistleblowing regulations in a manner that is not compliant only with Hungarian law but takes into account the local needs of other jurisdictions.

With the Whistleblowing Directive implemented into local legislation, whistleblowing has become an essential topic in companies. As national interpretations of the directive on whistleblowing have made it mandatory for organizations to introduce reporting channels and protective measures, businesses must navigate a more stringent and complex legal landscape.

An act of “whistleblowing” is usually defined in different vocabulary within the frameworks of management sciences and law perspective. A whistleblowing act happens when a person within or outside an organization, holding sensitive information regarding illegal, unethical, or abusive activities, or any action creating a risk to harm the organization, decides to speak out, to internal or external authorities. Whistleblowers are essentially the messengers who convey the information they have somehow acquired.

Whistleblowing transcends being a mere procedural checkbox – it is a lifeline for organizational integrity and accountability. It serves as a crucial mechanism for employees, business partners, and third parties to report unethical practices, illegal activities, or violations of company policies within their organizations.

ESG has long been considered a niche concept, especially in Bosnia and Herzegovina. However, over time the picture has completely changed and the market has not only mastered the meaning of ESG, but a large number of companies have adapted their business to all or rather most of environmental, social, and governance principles.

Environmental, Social, and Governance are no longer mere buzzwords. ESG has become integral to corporate strategy and operations. Companies are now under increasing pressure from regulators, investors, and the public to adhere to ESG standards. The role of in-house counsel in ESG and the implementation of the Corporate Sustainability Due Diligence Directive (CSDDD) requires a balance of legal expertise, strategic thinking, and proactive risk management.

With preparations for the 2024 CEE Legal Matters Hungary General Counsel Summit in full swing, Marton Eorsi, a Corporate Finance Partner at Addleshaw Goddard’s London office, shares his thoughts about the upcoming event and what he's looking forward to the most.