The largest regulatory fine leveled against a company since the General Data Protection Regulation was enacted in May 2018 is poised to reshape business compliance practices across industries. In late January, CNIL fined a big-tech giant nearly $57 million, citing what the French data-protection regulator saw as failure to meet the core requirements of informed consent under GDPR. As the decision goes through appeal, the debate is far from settled about what constitutes informed consent in personal data collection. Nor will the scythe cut only the tallest grass. Read the full report.
Category Archives: General Counsel
As general counsel for Norwegian Cruise Line Holdings, Daniel S. Farkas guided the company through a successful initial public offering. In addition to helping it grow its combined fleet to 26 ships, Farkas has assisted with navigating new markets. He reflects on the IPO process and how general counsel can get potential investors excited about a company’s growth prospects. As Norwegian sails into new waters, what regulations are you watching most closely, and how have you adjusted your daily operations to address them? Prior to beginning operations to Cuba in March 2017, we had to become well versed in all […]
As general counsel for BIC Corporation, Steve Burkhart leads the family-owned company’s efforts to stop counterfeit products from proliferating across a growing number of e-commerce platforms. He shared insights on how his team stays ahead of the threat, and what other general counsel can do to safeguard their company’s intellectual property rights. BIC recently filed a lawsuit to stop importation of knock-offs. What can you tell us about the status of the lawsuit, and how do you stay apprised of counterfeit breaches by third-party sources? The cases were filed in the U.S. International Trade Commission and the U.S. Federal District […]
A new study finds chief legal officers under increasing pressure because of regulatory and technological change to provide greater input into corporate strategy. Surveying more than 1,600 chief legal officers in 55 countries, the findings highlight the increasingly close collaboration between legal heads and the CEOs and boards of nearly all Fortune 500 companies. The same reporting arrangement, however, characterizes only about 78 percent of the largest corporations worldwide, the study found. Read more.
Corporate culture and regulatory compliance will continue to dominate counsel concerns as the year gets underway. From GDPR to California Senate Bill 826, these wide-ranging measures will remain critical for general counsel and corporate boards to navigate, experts say. Read more.