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A Six-Step Data Privacy Program Health Check
In your organization, who owns the responsibility of managing data privacy and security risks? One of the biggest misconceptions surrounding today's data privacy and security challenges is that the responsibility lies solely with an individual function, usually thought to be either the legal or information technology departments. The truth is, data protection is the responsibility of every individual in the company, and the legal and IT departments should only be drafting contractual languages, policies, and guidelines while working in tandem with each other.
As data privacy laws become increasingly complex, one of the biggest challenges facing companies today is the determination of which set of regulatory standards it should apply within the organization. Currently, security and privacy law is comprised of directives that have created a convoluted patchwork of laws. A directive can be interpreted and enforced by each individual state. Europe is aiming to fix this convoluted approach by making a universal regulation, which would be enforced by a centralized governing body, or a “one-stop shop.” Any complaints that cover security/privacy abuse, for any company processing EU data, would go to this central authority. Currently, we know that the European commission's privacy reforms are expected to set the standards around the world on data privacy and will likely be finalized before the end of 2015.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.