For foreign firms with U.S. operations, the prospect of U.S. litigation is increasing, along with a wide range of regulatory requirements in different industries. To manage the risk, businesses will need to start with a comprehensive legal strategy. In dealing with globalization, intellectual property issues, and policy uncertainty, both stateside and abroad, companies face a widening range of worldwide liability — hastened in some cases by the growth of litigation funding vehicles. In this environment, the threat of U.S. litigation is increasingly real for nearly any business with stateside operations. Full report.
Category Archives: Legal Departments
Half of public company directors say their boards lack insight into emerging technologies affecting their industry, and they often rely too heavily on management to stay current, finds a new survey from Ernst & Young. Corporate general counsel are well positioned to get their boards up to speed and help guide the organization to tech investments that will advance efficiencies, as well as minimize the potential risk of hasty technology adoption. General counsel can bridge the divide by “[making] sure that not only the board, but management, is getting some type of external perspective so they can sufficiently address the […]
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.
As in-house legal departments face growing C-suite pressure to be more involved with corporate strategy, many general counsel find they lack the technology needed to move their departments beyond repetitive tasks. Surveying roughly 300 in-house legal teams, across nine countries, a new study finds 60 percent of respondents believe their legal function is ready to adopt technology that can carry out routine tasks. But only 56 percent of respondents thought their departments are spending enough on technology to improve efficiencies. At the same time, the imperative to invest is growing, amid a tighter regulatory environment, mass globalization of business, and […]