Tech & Sourcing @ Morgan Lewis

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.

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.

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.

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.

Robotic process automation (RPA) is here and companies at the forefront of the adoption of this technology are reaping a variety of benefits.

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.

Russia has amended its main laws governing the internet to allow the government to restrict access to the internet and to control internet traffic in emergency situations.