Much has been said about exploding data volumes and emerging data types as technology evolves, contributing to the ever-growing challenges for legal professionals. However, less attention has been paid to the equally powerful analytics tools that have emerged as AI continues to advance. To master a new era of data—defined by its complex variety, growing volume, increased velocity, and challenging veracity—teams need the right analytics solutions. In this panel discussion, experts Mark Noel, Director, Advanced Client Data Solutions of Hogan Lovells, Sam Sessler, Assistance Director of Global eDiscovery Services at Norton Rose Fulbright, Bradley Johnston, Senior Counsel, eDiscovery of Cardinal Health, and Paige Hunt, Vice President of Global Discovery Solutions at Lighthouse, will discuss emerging trends in analytics tools and provide best practices for utilizing them to tackle urgent data challenges.
Anti-Money Laundering and the Foreign Corrupt Practices Act (FCPA): Recent Enforcement Trends and Developmentsjordan2021-09-23T23:15:37-04:00
Financial organizations generally use the Foreign Corrupt Practices Act (FCPA) and the anti-money laundering (AML) policy to address litigation matters involving corruption and bribery issues. Thus, strengthening these litigation tools is vital to combat relevant threats within the financial system. In line with this, the Biden administration recently issued the "Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest," requiring interagency cooperation to develop strategies to address global corruption, money laundering, and illicit financing. This means that a heightened enforcement regulation and stricter compliance requirements are to be expected in the coming days.
Today's digitally-dependent market requires businesses to store all sorts of data into their systems. From simple day-to-day transactions and records to the most sensitive company and client data, business processes have now evolved in order to accommodate and effectively implement the complex nature of data protection. Adding to these complexities is the increasing number of data breaches which was driven by the abrupt cloud migration when the pandemic started.
The U.S. Export Controls and Sanctions: Demystifying Recent Trends, Developments, and Critical Issuesjasper.alamares2021-11-11T21:08:39-05:00
The Biden administration continues to navigate the US export controls and trade sanctions amidst the growing human rights concerns and national security issues. Recent developments that impact international transactions and require immediate attention involve goods, technology/software, and military intelligence focusing on China, Myanmar/Burma, and Russia.
Practical Guidance to Antitrust Class Certification: Emerging Nuances Associated with Damages Claimsjasper.alamares2021-11-19T00:22:36-05:00
In the class certification stage, plaintiffs bear an evidentiary burden to satisfy Rule 23 of the Federal Rules of Civil Procedure. District courts are also required to consider all probative evidence regardless of overlaps or other merit issues, especially with the inclusion of unharmed class members. Recent decisions released by the Supreme Court in Goldman Sachs and TransUnion clearly define this mandate.
Representation and Warranty Insurance: Exploring Trends, Updates, and Challenges Amidst the COVID-19 PandemicIwork OJT2021-07-06T21:27:39-04:00
The current global health crisis brought by COVID-19 continues to radically modify important economic activities across the world. In response to the pandemic, the representations and warranties (R&W) insurance landscape has also started to witness notable developments, specifically in relation with COVID-19-related exclusions and due diligence expectations.
Uncertainties in today’s business landscape are presenting a host of risk issues to supply chains around the world. The COVID-19 pandemic, which resulted in paralyzed business operations and significant revenue losses, is one proof of how vulnerable and fragile supply chains are to disruptions. This magnifies the need for companies to reassess their service supply chain and ensure that it is prepared for any interruption.
Emerging Issues in Patent and Trade Secret Law: Protecting and Litigating Proprietary Subject Matter in the Life Sciences, and Critical Updates for Counsel and IndustryHarvey Baroso2021-10-18T22:29:25-04:00
Intellectual property (IP) rights are extremely valuable business assets, particularly in the pharmaceutical and biotechnology industries. With various legal complexities further intensified by the pandemic and by nation-state hackers, protecting inventions has never been an easy task.
The work-from-home setup has rapidly become a trend after businesses started shutting down due to the pandemic. Although this setup can be helpful, it presents unique challenges which employers need to face, particularly in the field of wage and hour law. Typical issues several businesses are struggling with, include claims of unpaid wages, timekeeping inaccuracies, and employee misclassification.
Regulatory supervision of reporting companies is expected to intensify with the Anti-Money Laundering Act of 2020 (AMLA) amendment of Title 31 of the Bank Secrecy Act (BSA). Title 31 revisions include new BSA violations and penalties regarding incomplete or false reports and transactions that involve entities labeled as “primary money laundering concerns.” Reporting requirements concerning beneficial ownership and expansion of the U.S. law’s authority to subpoena foreign banks have also been added.
Storage & Backup Security; The Final Frontier jordan2021-10-01T04:00:22-04:00
Threat Landscape, Industry Readiness, and Practical Advice
Along with the digitization of many business processes, companies need to address the various cyber threats today’s landscape presents. If not properly managed, these cyber risks could lead to significant IT outages, eventually crippling business operations. As ransomware – and other cyberattacks – become more sophisticated, it further underscores the need for security teams to advance their vulnerability management programs to ensure that any susceptibility to cyberattacks is proactively detected and repaired, and their data storage systems are secure and impenetrable.
The rise of sales tax automation has made it possible for companies to turn their manual tax processes into streamlined and efficient systems. It has dramatically improved everyday tasks, like data validation, which can now be performed with increased speed, ease, and accuracy.
Legal professionals are expected to uphold professional ethical standards all the time. Failure to comply with these standards may lead to serious disciplinary actions which include disbarment. It is, therefore, of paramount importance that lawyers make themselves aware of today’s pitfalls and be able to know how to address them.
Broker-dealer regulations remain to be evolving and challenging. Scrutiny of anti-money laundering (AML) programs continues to be a top priority, as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) bring significant AML-related enforcement actions against member firms. Other challenges that confront legal and compliance practitioners include the intensified standard of conduct rules governing investment recommendations to retail clients and the emerging forms of trading platforms.
In today's highly digital world, it is no longer surprising why more and more people are including their digital assets in their estate plans. These digital assets, such as online accounts, virtual currencies, and digitally stored files, require particular attention from practitioners.