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Law firms today are inundated with new data protection and recovery methodologies from vendors. It's a hot market because technologists in law firms are under intense pressure to protect sensitive client data and clients are now holding their firms to higher standards than ever. However, IT leaders are struggling to make sense of what they need to have, both to meet client demands and stay ahead of the ever-evolving threat landscape.
For this reason, below are a few essential definitions, intended to provide clarity and guidance to firms that are exploring how to improve their data compliance, protection and recovery posture.
Archive: A collection of historical business records that are immutable and unchangeable, which must be retained for future reference should you ever need to produce evidence (perhaps when legal or regulatory questions arise). Archiving refers to the process of moving data that is no longer in active use to a separate storage device. Many organizations define archive data as any copies older than 120 days, whereas some may archive immediately when a matter is closed. Typically, archive data can be located online in to-disk format or offline in to-tape format.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.