Edgar Beniaminov – GC Powerlist
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Greece and Cyprus 2024

Financials

Edgar Beniaminov

General counsel | FxPro

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Greece and Cyprus 2024

legal500.com/gc-powerlist/

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Edgar Beniaminov

General counsel | FxPro

How do you approach managing legal aspects during periods of instability or crises, and how does your legal strategy align with the broader business strategy to ensure the organisation’s resilience? 

My approach encompasses several key elements such as crisis preparedness and response planning, cross functional collaboration, regulatory and compliance management, crisis management team involvement, stakeholder communication and adopting resilience and adaptability.

Conducting comprehensive risk assessments to identify potential legal risks associated with the crisis is key. This includes evaluating contractual obligations, regulatory compliance, and potential litigation. It’s also essential to be in alignment with business objectives by working closely with executive leadership to understand the broader business strategy and ensure that legal strategies support these goals. 

We stay abreast of evolving regulatory landscapes and ensure the organisation’s compliance with new laws and regulations. This is particularly crucial during crises, as regulatory requirements may change rapidly. Taking a lead role, we serve as a key member of the crisis management team, providing legal guidance on decisions and actions. This ensures that all responses are legally sound and minimise exposure to liability. 

We maintain transparent communication with stakeholders, including employees, customers, investors, shareholders, board and regulators. After the crisis, conduct thorough reviews to identify lessons learned and areas for improvement. This helps strengthen the organisation’s resilience for future challenges. By integrating these elements, my legal strategy not only addresses immediate legal challenges but also aligns with the organisation’s broader business strategy to ensure long-term resilience and success.  

This comprehensive approach helps the organisation navigate crises with confidence, minimising legal risks and supporting overall stability. 

 

What emerging technologies do you see as having the most significant impact on the legal profession in the near future, and how do you stay updated on these developments? 

Some key emerging technologies impacting the legal profession are artificial intelligence and machine learning, blockchain technology, legal tech platforms, automation and cloud computing.  

To stay abreast of these technological developments and their implications for the legal profession, I employ several strategies. By leveraging these strategies, I can stay informed about the latest technological advancements and effectively integrate them into legal practice, enhancing efficiency and accuracy. 

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