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Lost Profit Damages Litigation: Trends, Updates, and Challenges Amid the COVID-19 Pandemic
The COVID-19 pandemic has brought an immense economic toll on businesses across the globe. Specifically, it prompted a spike in the number of lost profit damages lawsuits as businesses seek to recover lost profits because of pandemic-related damages. However, although there are various damage calculation theories available, pandemic-related lost profit claims can be taxing and challenging. Thus, businesses and their counsel must always exercise diligence in documenting their revenues and profits. They must also be abreast of emerging regulatory developments to avoid pitfalls.
Legal Ethics Amid the COVID-19 Crisis: Demystifying Hot Buttons
The spread of the coronavirus has massively disrupted the way lawyers fulfill their obligations to their clients. From work-from-home set-up to virtual proceedings, lawyers had to adjust to the new means of working.
Obviousness-Type Double Patenting (ODP): Demystifying Recent Trends and Significant Court Rulings
In the U.S. and Canada, courts have designed the doctrine of obviousness-type double patenting (ODP) to prevent inventors from gaining an unjust extension of their patent rights by obtaining patent on the obvious variants of an invention.
Software Patents Post-Alice: Where Are We Now
Since its enactment last 2014, the Supreme Court's Alice decision has continuously raised the bar for patent eligibility. Software innovation went up and it has significantly altered the patentability of software, business methods, and e-commerce technologies. In addition, software patent litigations have also changed dramatically.
The Intersection of Artificial Intelligence and Intellectual Property: Hot Buttons in 2020
The swift and unregulated development of artificial intelligence (AI) is significantly affecting innovation and the intellectual property (IP) landscape. As AI-based products, applications, and techniques continue to emerge in high volume, IP protection and enforcement issues are expected to increase.
The Revised USPTO Subject Matter Eligibility Guidance: What You Should Know
In January 2019, the United States Patent and Trademark Office (USPTO) issued a revised guidance to be used when evaluating subject matter eligibility and updated same in October 2019. The revised and updated guidelines primarily focus on patent eligibility procedures involving patent claims and applications. By providing new guidance in identifying whether a patent claim or patent application claim is directed to a judicial exception, it aims to bring better clarity and predictability to Step 2A of the Alice/Mayo test.
Anti-Money Laundering Due Diligence and Compliance in the 2021 Landscape: Going Beyond the Horizon
The anti-money laundering (AML) due diligence and compliance landscape continue to heighten with the passing of the Anti-Money Laundering Act of 2020 (AMLA). The AMLA, which is regarded as the most crucial AML legislation to date, was designed to modernize the anti-money laundering policy in the U.S. It also aims to strengthen the current financial system, improve government coordination, and streamline AML compliance obligations.
Cybersecurity Management: Best Practices in a Remote Environment
To keep businesses running efficiently even amid the COVID-19 crisis, different organizations shifted their operations to the "new normal" remote workforce environment. However, aside from the challenges of this sudden shift, the risks of cybersecurity attacks have also rapidly increased. Cyber threats have become more rampant, taking advantage of the situation and specifically targeting remote workers.
A Practical Guide on Business Interruption Coverage: Managing Complexities in a COVID-19 Era
Today's business landscape has been significantly confronted with profound economic disruptions and income losses due to the impact of the COVID-19 pandemic. These disruptions have made business interruption insurance a standard component for several business sectors seeking assistance in recovering lost revenue amid the crisis.
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