In October 2022, the U.S. Securities and Exchange Commission (SEC) adopted Rule 10D-1, a measure that compelled national securities exchanges to establish listing standards. According to this rule, the listing of certain company security classes could be prohibited if the company did not adopt effective policies for the recovery of erroneously paid incentive-based executive compensation,…
When undertaking due diligence of an Food and Drug Administration (FDA)-regulated company, several pertinent questions must be asked. These inquiries ideally encompass key regulatory, compliance, and privacy-related aspects. As these sectors are critical in determining the suitability and viability of a potential acquisition or partnership, professionals operating both in law firms and large corporations should…
As part of a series of legal updates on the Washington My Health My Data Act (“WMHMDA”), writers at Quarles & Brady are exploring various factors and intricacies of the act that are influencing the privacy sector – and not just for the health and life sciences industry. This is the focus of the tenth…
The enduring rise of arbitration as a chosen route for dispute resolution has led to a surging requirement for arbitral awards to be acknowledged and executed in offshore jurisdictions. This developing trend is an observation underlined by some of the world’s strongest offshore jurisdictions— Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland, and…
The landscape of data privacy regulation at the state level has undergone swift transformations throughout 2022, a trend expected to continue into 2023. In the wake of the ever-changing digital environment, heightened concerns about privacy, and an increasing demand for transparency, companies across the United States have been required to adapt to new comprehensive privacy…
In a world where artificial intelligence (AI) is progressing at an astounding pace, the arrival of ChatGPT in November 2022 has notably aroused interest and popularity within this dynamic sector. According to an analysis by Bricker Graydon LLP, ChatGPT, a natural language processing AI chatbot, is a product of OpenAI — a group known for…
In 1963, the Pennsylvania Supreme Court issued a ruling suggesting that an individual does not have an expectation of privacy when a private investigator follows and photographs them on the street once they have claimed personal injuries sustained in a car accident. The argument was that the claimant “must expect reasonable inquiry and investigation to…
Legal professionals and corporate officers are being called to pay close attention as state regulators intensify enforcement of new privacy laws, a trend demonstrated by recent events in California and Colorado. The state regulators in these locations recently announced enforcement sweeps under privacy legislations that are either new or have been recently amended. State privacy…
In a significant development, Dentons, one of the world’s largest law firms, has terminated its combination with Dacheng Law Offices in China. The unprecedented move comes amidst an increasingly strict regulatory environment in China that includes novel mandates and requirements for data privacy, cybersecurity, governance, and capital control. According to reports, shifts in policy have…
A new report from McKinsey & Company reveals that many businesses have embraced the use of AI tools with minimal anticipation of potential risks these advanced technologies might present. This revelation suggests a significant lack in strategic measures to mitigate potential legal and ethical challenges that might arise from the application of AI tools in…
Professional and corporate law circles are abound with discussions on the recent alterations made by the Securities and Exchange Commission (SEC) to how public companies disclose their management and handling of cybersecurity risks and incidents. These rules, which heavily emphasize the need for transparency and responsibility, reference the standards set in the Securities Exchange Act…
In response to increasing concerns about the potential for unwanted collection and sharing of location data, Massachusetts lawmakers are looking to implement unique legislation in the form of the Massachusetts Location Shield Act. If materialized, this legislation would prohibit the sale of cellular location data across the state. Proposed in both the House of Representatives…
In a rapidly evolving legal landscape, the potential conflict between privacy laws and trade secret laws is becoming increasingly apparent. As we navigate what some have dubbed the ‘fourth industrial revolution’, facilitated by growing connectivity, prolific data generation, and the rise of analytics and artificial intelligence, this conflict will only become more pronounced. Privacy and…
In a recent episode, Tom Howerton once again graced Jdsupra viewers with his insight, this time extensively treating the impact of NIST 800-53 Rev. 5 on organizational cybersecurity. This latest rendition of security guidelines issued by the National Institute of Standards and Technology (NIST) has expanded its sphere of influence to deal not just with…
Early on Tuesday, global law firm Dentons announced a surprise de-merger from its mainland China branch, Dacheng Law Offices. Effective from this month, Dentons will no longer operate as a combined entity with Dacheng. In an email alert to its clients, Dentons attributed the split to “an evolving regulatory environment for Chinese law firms in…
Global law firm Dentons is reportedly ending its association with Beijing Dacheng Law Offices. This notable split comes as a response to China’s newly implemented data privacy and cybersecurity regulations. Notably, this association previously brought thousands of lawyers under the Dentons banner, significantly expanding its global reach and areas of practice. The shake-up in this…
The intersection of privacy law and trade secret law has become a complex battleground in recent years as companies increasingly collect and use data about their customers. With this scenario, compliance with both laws evolves into a critical challenge for enterprises aiming to protect their intellectual property and the privacy of their customers, as pointed…
In an unexpected development, Dentons, one of the world’s most expansive law firms, has decided to terminate its merger with Dacheng, its mainland China arm. According to the details shared by Dentons with its clients during partner communications, the firm intimated that it will be “modifying its relationship with Beijing Dacheng Law Offices”. Under the…
A recently unfolding legal case in Florida has the potential to stir vigorous debates among law professionals across the globe. Specific intrigue stems from a federal judge’s scrutiny of special counsel Jack Smith’s tactics – particularly the use of a Washington, D.C. grand jury proceeding in the investigation of the classified documents case against former…
In this era of burgeoning technological advancements, we again find ourselves at the intersection of law and innovation, as artificial intelligence (AI) tools like ChatGPT permeate the mainstream. Today, these AI tools are used by billions globally, assisting with an array of personal and professional tasks. However, as is often the case with technology, these…
In the wake of the scandalous embezzlement case involving Girardi Keese, a proposal has been introduced that California banks are vehemently opposing. The proposal requires banks to release information regarding California attorneys’ client trust accounts to the state bar. However, banks counter that such an initiative would not only overburden them with additional work, but…
The integration of artificial intelligence (AI) technology in the legal profession, particularly in electronic discovery (e-discovery), has brought new possibilities, as well as challenges, to legal professionals and corporate entities. One such AI technology making waves in the industry is OpenAI’s ChatGPT, an AI language model that has the potential to transform document review and…
The second quarter of 2023 has seen various developments in the domain of data privacy and cybersecurity including legislative measures and high-profile data breaches. An important focus has been the move to establish federal data privacy legislation in the U.S, an initiative that continues amid concerns surrounding the inadequacy of existing sector-specific laws. In a…
Defamation, both in its conventional and online forms, can have severe repercussions on personal and professional lives. As a pivotal part of any defamation lawsuit, proving the damages accrued due to untrue statements can be somewhat convoluted. The fact that an individual or corporation suffered from the defamation is evident; however, making that argument in…
In the rapidly evolving legislative landscape centered around consumer data privacy, Montana emerges as the latest state to take decisive action. Not only has Montana introduced the Consumer Data Privacy Act, but it has also recently passed the Genetic Information Privacy Act, marking a significant advancement in protecting the privacy rights related to consumer’s genetic…