In the context of economic policy coordination and with a view to fostering real convergence, improvements should be made in institutional quality and good governance across euro area Member States.
The role of an in-house Lawyer becomes most prominent as they are best equipped to identify and assess “legal risks”. Their specialized knowledge and familiarity with the institutional policies enable them to perform this function. The in-house lawyers need to understand the business processes and the transactional intricacies to assess legal risk.