01
Regulatory advice and engagement
Advising on applicable regulatory obligations and supporting constructive engagement with regulators and other authorities.
Practice Areas
Regulatory, Compliance& Investigations
Considered advice under scrutiny
Regulated businesses need advice that is both principled and practical, particularly when decisions are being examined.
Our regulatory & compliance practice
Governance that withstands examination.
Paraphoenix Solicitors advises boards, management teams, compliance functions and investors on regulatory obligations, compliance frameworks, governance and internal reviews.
Regulatory risk is rarely a single event. It accumulates through decisions taken without a clear framework, records that cannot later be explained, and escalation routes that are not used.
Our approach is principles-based and durable. We help clients build frameworks that make good decisions easier to take and easier to evidence, and we support them when a decision, a process or an allegation comes under review.
Key capabilities
What we advise on
02
Compliance frameworks
Designing and reviewing compliance policies, procedures, controls and escalation routes appropriate to the business.
03
Corporate governance
Advising boards and management on governance structures, delegated authority, decision-making and record-keeping.
04
Internal reviews and investigations
Conducting and supporting internal reviews, including scoping, evidence handling, interviews, findings and remediation.
05
Anti-bribery and business integrity
Advising on integrity frameworks, third-party risk, gifts and hospitality, and related training and monitoring arrangements.
06
Transactional compliance support
Supporting compliance workstreams in transactions, including diligence, approvals and post-completion integration.
07
Risk assessment and monitoring
Advising on risk assessment methodology, monitoring, assurance and management reporting.
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Remediation and improvement
Supporting clients in implementing remedial measures and demonstrating improvement following a review or finding.
How we support a review
A measured approach to sensitive matters
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Assess
Establishing what is known, what is alleged, what is at stake and what immediate steps are required.
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Scope
Agreeing the scope, methodology, confidentiality arrangements and reporting lines for the review.
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Review
Gathering and analysing information carefully, with appropriate handling of evidence and sensitive material.
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Report
Presenting findings clearly, with practical recommendations and a defensible record of the process followed.
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Remediate
Supporting remediation, engagement with relevant parties and improvements to controls and governance.
Compliance in practice
Frameworks people can actually follow
A compliance framework only works if it fits the way the business operates.
We focus on proportionate design: clear ownership, defined thresholds for escalation, workable approval routes and documentation that reflects what was actually considered.
Our regulatory guidance is deliberately principles-based and durable, concentrating on how obligations should be approached rather than on transient procedural detail.
Selected compliance capabilities
- Policy and procedure design and review
- Delegated authority and approval frameworks
- Third-party and counterparty risk processes
- Training and awareness programmes
- Record-keeping and documentation standards
- Monitoring, assurance and reporting
- Whistleblowing and escalation arrangements
- Remediation planning and tracking
Cross-border regulatory matters
Consistency across jurisdictions
Groups operating in several jurisdictions need local requirements to sit within a consistent global framework. Paraphoenix can act as the central legal point for Nigerian aspects of such matters and, where appropriate, coordinate with carefully selected independent local counsel and professional advisers in other jurisdictions.
We focus on aligning local obligations with group standards so that the organisation applies one coherent approach rather than a set of disconnected local practices.
Sector perspective
Our regulatory work is particularly relevant to businesses in sectors where supervision, licensing and public scrutiny are part of ordinary operations.
Related perspective
Read practical perspectives on the legal and commercial developments affecting business in Nigeria and across borders.
Integrated support
Bringing the relevant disciplines together
Mandates in this practice frequently engage other areas of law. Depending on the matter, our Regulatory, Compliance & Investigations practice works alongside the firm’s other practices so that clients receive a coherent view of the issue rather than fragmented advice.
Why Paraphoenix
Considered judgement
We give advice that recognises commercial pressure while protecting the integrity of the decision.
Senior involvement
Sensitive matters receive close senior attention, with discretion and clear accountability.
International experience
Our experience of multinational environments informs our approach to group-wide compliance.
Clear execution
We emphasise practical recommendations, defensible process and responsive communication.