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Penenden Law, Accountancy & Advisory (Penenden) is a Central and Eastern European (CEE) best friend network operating through a number of separately constituted and regulated legal entities; all of which – independently or in joint cooperation – provide legal, tax and other client services in accordance with the relevant laws of their respective jurisdictions where they operate.
The owners, partners or other principals of these various entities that provide services in CEE are members of Penenden, unless they are prevented from doing so due to regulatory or other restrictions. Penenden is not directly engaged in the provision of legal or other client services.
The use of the name “Penenden”, “Penenden Law”, “Penenden Accountancy”, “Penenden Advisory”, “Penenden Fiduciary Services” and words or phrases such as “firm” is for convenience only and does not imply that all or any of such entities are in partnership together or accept responsibility for the acts or omissions of each other. Legal responsibility for the provision of services to clients is defined in engagement terms entered into between clients and the relevant Penenden entity and these should be relied upon in determining liability for the services provided. Absent the explicit agreement and consent of another Penenden entity(s), no engaged Penenden entity is responsible for the acts or omissions of, nor has any authority to obligate or otherwise bind, any other Penenden entity.
In accordance with the common terminology used in professional service organisations, we use the term “partner” in this website to refer to a person who is a member, partner or person of equivalent standing or authority in an individual practising entity.
Anti-Bribery and Corruption
Penenden has a strict anti-bribery and corruption policy which applies to all our people globally. We will not directly or indirectly engage in bribery or corruption in any form and have a zero tolerance approach to breach, whether it involves private individuals or public officials.
All of our activities are managed in full compliance with this policy and with all applicable legal and regulatory anti-bribery and corruption obligations.
Penenden owes strict duties of confidentiality to its clients. These obligations are set out in various legal, regulatory or other professional rules and are reflected in our terms of business and engagement documentation entered into with each client.
Modern Slavery Statement
Penenden has adopted a number of policies in accordance with Section 54(1) of the Modern Slavery Act 2015.
Penenden has developed a risk-based approach to assess the likelihood of the existence of Modern Slavery within our supply chain. The criteria used for this approach include factors such as origin of manufacture and the nature of, and location from which, services are provided. This enables us to categorise suppliers and identify potential areas to assess for Modern Slavery. We have issued Modern Slavery questionnaires to those of our existing suppliers we identified as high risk to assess their current anti-Modern Slavery policies and controls. When responses are received, they are evaluated and the risk assessment of the supplier is updated accordingly. Where appropriate, suppliers are required to develop an action plan to satisfy any identified gaps.
Penenden has adopted a number of policies relevant to mitigating the risk of slavery or human trafficking:
We are presently rolling out a programme of training on modern slavery and human trafficking which will be available to all staff; it will be mandatory for those involved in human resources and procurement.