Join us at our Philadelphia office for an interactive discussion on hot topics related to next-generation transactions and outsourcing, followed by a reception with refreshments and opportunities to network with peers.
Tech & Sourcing @ Morgan Lewis
TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
The European Union’s General Data Protection Regulation (GDPR) requires companies to monitor and comply with some of the strictest privacy laws in effect. Now, the European Commission is refocusing efforts and oversight on ongoing investigations under the GDPR. Going forward, companies may want to focus even more intently on their compliance as the EU steps up investigatory procedures.
Contract Corner
As we reach the end of the year 2022, we have once again compiled all the links to our Contract Corner blog posts, a regular feature of Tech & Sourcing @ Morgan Lewis. In these posts, members of our global technology, outsourcing, and commercial transactions practice highlight particular contract provisions, review the issues, and propose negotiating and drafting tips.
The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) on December 20, 2022, announced fines totaling £48.65 million ($59 million) on TSB Bank plc (TSB) for operational resiliency failures, after an IT upgrade led to customers being unable to access core banking services.
The European Union (EU) Commission released its Draft Adequacy Decision for the EU-US Data Privacy Framework on December 13, which, in conjunction with President Biden’s executive order issued on October 7, will further facilitate trans-Atlantic data flows. The Draft Adequacy Decision mirrors the executive order, which established safeguards relating to the handling of personal information in the course of signals intelligence activities. If and when adopted, the adequacy decision will impact contractual requirements and processes by restoring data flows through a new Trans-Atlantic Data Privacy Framework.
On November 18, days before the FIFA World Cup Qatar 2022 was due to start, Anheuser-Busch InBev (the owner of Budweiser, a World Cup sponsor since 1985) was dealt an unexpected yellow card: FIFA issued a statement that appeared to renege on certain terms of their $75 million (£63 million) commercial sponsorship agreement.
The US Department of Commerce’s Bureau of Industry and Security released an interim final rule (IFR) on October 7 imposing new export controls on certain advanced computing and semiconductor manufacturing destined for the People’s Republic of China (PRC). In their LawFlash, partners Giovanna Cinelli, Kenneth Nunnenkamp, and Carl Valenstein; of counsel Heather Sears; and associates Katelyn Hilferty, Christian Kozlowski, Patricia Cave, and Jiazhen Guo discuss the scope of the new export controls, open issues and questions regarding the regulation, and potential courses of action to consider.
In a webinar that has value for all technology clients, Morgan Lewis partners Kenneth Davis and Ezra Church will review intellectual property (IP) protection and cyber threats for growing businesses.
Please join us for our Artificial Intelligence Boot Camp series, beginning November 1, 2022, as we explore the impact of artificial intelligence (AI) across industries. Our presenters will cover a wide range of topics, including contracting for AI in digital transformation, key issues in AI patents and copyrights, digital health, ethics, and more.
Please join us on Thursday, October 27, 2022, at 3:00 pm ET as Morgan Lewis partner Jacob Harper and associates Tesch Leigh West and Sydney Swanson discuss the importance of managing and protecting healthcare data while controlling costs and coordinating care. Topics will include the different types of data sharing agreements and implications of HIPAA and the Anti-Kickback Statute.