Since the US Supreme Court’s June 21, 2018, decision in South Dakota vs. Wayfair, Inc. , many of the 45 sales tax-collecting states have been making moves to put laws and processes in place for tax collections for out-of-state online sales. Given the general complexity of state tax laws and the inconsistency from state to state, as well as the uncertainty as to whether or when uniformity across states may come to pass, businesses with online sales need to carefully monitor both the legal landscape and the processes established for administration and compliance for out-of-state transactions.
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
Agile development methodology has shaken up the technology market in recent years. During their webinar, Exploring Agile Development Methodology, our partner, Vito Petretti, and Jon Lightman, a partner with ISG, will discuss the benefits and downsides of this methodology, especially when a service provider is involved in an agile process. Topics will include the following:
- An introduction to agile development methodology
- The reason agile is becoming a dominant methodology
- The resulting impact on both the development and contracting processes
The hour-long webinar will be held on Wednesday, June 5, 2019, at 12:00 pm ET.
More than 1,000 Support Anti-Terrorism by Fostering Effective Technologies Act (SAFETY Act) of 2,002 approvals have been granted by the US Department of Homeland Security (DHS) since the act’s inception. Many professional sports teams in the National Football League, Major League Baseball, and National Basketball Association have had their venues certified under the SAFETY Act. For example, New Era Field for the Buffalo Bills became the 14th NFL stadium to receive a SAFETY Act certification in October 2018. However, professional sports leagues do not have a monopoly on large sporting events that garner huge crowds—some universities have football stadiums with capacity for more than 100,000 people.
No one knows at the moment what the relationship will be between the United Kingdom and the European Union the day after Brexit on 31 October.
The life sciences sector is arguably the most closely harmonized within the European Union. Both medicinal products and medical devices are very much subject to Brussels-driven legislation. In addition to the regulatory issues that would result from Brexit, there could be substantial supply chain interference.
New York has increased its effort to enforce cybersecurity by creating a new unit designed to combat cybercrime and protect individuals’ sensitive data from attacks.
On May 22, New York appointed former federal prosecutor Justin Herring to lead the state’s newly created Cybersecurity Division at the New York Department of Financial Services (DFS).
In 2018, the esports industry experienced remarkable growth. Poised to become the next multibillion-dollar industry, the esports industry has become a part of mainstream sports. For example, the League of Legends World Championships attracted almost 100 million unique viewers for the finals. In comparison, the 2018 Super Bowl saw viewership numbers of 103 million. According to a major sports news network, more than 50 colleges now have varsity esports programs. Esports revenue grew to $865 million in 2018, according to Newzoo, a global leader in games and esports analysis, and Newzoo projects that the global esports market will exceed $1.6 billion by 2021.
In Part 1, we discussed how, despite widespread usage, termination in the event of bankruptcy clauses (“ipso facto” clauses) are generally unenforceable pursuant to the bankruptcy code. In this second part, we discuss why these clauses are still prevalent in commercial transactions and the exceptions that allow for enforceability in certain situations.
Why Do Ipso Facto Clauses Remain in Most Contracts?
Practically all commercial transactions, including licenses, services agreements, and supply agreements, contain a provision that triggers termination rights, without notice, to a party whenever the other party files for bankruptcy or experiences other insolvency-related event. In Part 1 of a two-part series, we discuss how the commonly used termination-on-insolvency clauses are generally unenforceable despite their widespread use.
Robotic process automation (RPA) is here and companies at the forefront of the adoption of this technology are reaping a variety of benefits.
What Is RPA?
As discussed in a previous Tech & Sourcing @Morgan Lewis blog post, RPA offers a multitude of benefits, from speed and scalability of process execution to cost savings, to freeing up employees to focus on aspects of their jobs that are intrinsically “human” in nature.
As companies continue to improve the cyber defenses of their computer systems operating key enterprise and national infrastructure, one area that presents unique challenges is the supply chain. A single asset may depend on multiple vendors around the world, some of whom may only produce a single component or piece of software, but any of which can introduce critical vulnerabilities. Please join us for a one-hour webinar to discuss best practices in supply chain cybersecurity to mitigate these risks.