Foreign investor whose name cannot be disclosed in accordance with the NDA
In 2010, a compliance request was received from a foreign client. The purpose of the compliance check was the activities of the subsidiary in Ukraine: assessing the existing fraud risks, the quality of control systems and preparing recommendations to minimize risks and improve control systems.
Otten Consulting experts identified the main risks for some important business processes (info provided partially only):
risks of fraud when choosing suppliers;
increased risk when working with carriers;
shortcomings in working with debtors and lack of transparency in calculations;
high dependence of business on personal relations and agreements of the hired director;
management risks (manual control).
As a result, a detailed report was provided and the necessary meetings were held in order to get out of the current situation, several scenarios for getting out of the current situation and the risks associated with each scenario were provided. Due to the presence of significant risks to the company’s reputation abroad, our client decided to sell the business. Otten Consulting experts consulted the client in the process of completing the transaction and subsequent payments.
Fill in the form
We will contact you for discussing
For the correct work of the site you need the permission to access the cookies of your browser.
If you do not agree that we use this type of files, you must customize settings of your browser accordingly or do not use our site (for further details see "How to manage cookie").
What is ‘a cookie’ and other similar technologies
A cookie is a small text file that is stored on your computer, smartphone, or other device that you use to visit the site.
Some of the visited pages can also collect information using pixel tags and web beacons, which are electronic images called single-pixel (1×1) or empty GIF images.
Cookies can be placed on your device by us ("own" cookies) or by other operators ("third party" cookies).
We use two types of cookies on the site: "cookie sessions" and "persistent cookies". Cookie sessions are temporary files that remain on the device until you leave the site. Persistent cookies remain on the device for a long time or until you manually delete them (for how long the cookie will remain on your device will depend on the duration or "lifetime" of a particular file and your browser's settings).
Based on these files, we collect the information that helps us to evaluate the effectiveness of our services and sites and improve them. For example, to find out when you visit our site, how you use it, how you interact with our newsletters and other content, remember your preferences, provide protected and safe services for online transactions, and so on.
The information collected by such files and technologies is of a general nature and is not related to the identification of individual users.
Types of cookies that can be used on our site
Obligatory cookies. These cookies allow you to visit sites and use their functions. Turning them off will complicate the functioning of sites and may make their functions and services unavailable.
Cookies related to performance, efficiency, and analytics. These files help us to understand how users interact with our site, show problems in its work (for example, error messages), help measure the effectiveness of our advertising campaigns and optimize them for users.
Functional cookies. They help to remember the individual preferences of users and personalize the content of the site for them.
Advertising cookies. They are used to deliver the targeted advertising and help us evaluate the effectiveness of advertising campaigns. We can share these files with the corresponding advertising systems and sites where our advertising is located.
Third-party web services. Sometimes on this site we use third-party web services. For example, to display certain elements (images, videos, presentations, etc.), organization of surveys, payment for the products and services through payment systems, etc. Similar to the buttons for accessing social networks, we cannot prevent the collection of information about how you use the content of the site by these sites or external domains.
How to manage cookies?
Most Internet browsers are initially configured to automatically reception of cookies.
You can change the settings of your browser in such a way as to block cookies or warn you when they will be sent to you on the device (refer to the manual of using a particular browser).
If you use several devices and (or) browsers to access the Internet, the corresponding settings must be changed in each one.
Changing the terms of cookies` use
At our discretion we may change this Notification from time to time.
Changes in the Notification come into force from the moment a new edition is published on the website. The fact that you use our site after making appropriate changes means your consent to the adoption of a new version of the Notification.
The date of the last update and previous versions are indicated at the beginning of this Notice.
We recommend you to periodically re-read this Notification to get acquainted with its current version.
This user Agreement is a public offer (i.e. an offer to conclude an agreement).
By clicking on keys that refer to sending us your contact details, you are considered to have joined the Agreement.
AGREEMENT ON PERSONAL DATA PROCESSING
We are glad to welcome you on our site! We offer the Agreement on personal data processing to your attention.
For the reasons of economic, organizational, and sometimes legal nature, the Agreement is periodically updated. The Site Administration has no opportunity to send to the users the notification of such changes, so we strongly encourage you to visit this page and periodically to check if the information appears that contradicts your beliefs and principles.
If you as a User do not agree with the changes, you have the right to refuse access to the Site and to terminate the use of its materials.
If you consider that the Agreement or our actions as Site Administration violates your rights, do not keep silence, and send an email to email@example.com
The terms used in this Agreement:
A site is a collection of texts, graphic elements, design, images, software code, photo and video materials and other intellectual activity results that are placed on the Internet under the domain name otten-consulting.de.
The Site Administration is a person who owns the rights to administer the Site.
User is any person who has logged on to the Site and has accepted the terms of this Agreement, regardless of the fact of registration and authorization procedures.
Use of personal data
The purpose of processing personal data: providing a client, a subscriber of individualized information services, in particular the use of his data for registration on the Site, registration for the activities of the Site, e-mail newsletter.
The processing is subject to the following personal data:
Surname, name, patronymic name of the User;
The User's electronic address;
Telephone number of the User.
By accepting the terms of this Agreement, the User consents the Administration of the Site to the processing of his personal data.
The processing of personal data implies the following list of actions with personal data:
clarification (update, change)
transfer (distribution, granting of access)
destruction of personal data.
Transfer of personal data to third parties:
The Company undertakes not to transfer your personal data to third parties and to ensure their preservation and confidentiality.
Terms of processing and storage of personal data:
This Agreement on personal data processing is valid indefinitely, but may be withdrawn by the subject of personal data on the basis of a personal application sent by e-mail to the Administration of the Site.
By accepting the terms of this Agreement, the User agrees to receive an advertising newsletter (in e-mail format) by e-mail.
The Site Administration is obligated to use the User's personal data received as a result of the use of Site in accordance with the requirements of the legislation on the protection of personal data of Ukraine, in particular the law "On Protection of Personal Data" (VVR), 2010, No. 34, Art. 481 in the edition applicable at the time of processing such personal data.