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TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
As 2017 comes to a close, we have once again compiled all the links to our Contract Corner blog posts, a regular feature of Tech & Sourcing @ Morgan Lewis.
Data owners and processors are working hard to make sure they have compliance programs in place by the time the European Union’s General Data Protection Regulation (GDPR) goes into force on May 25, 2018. To that end, a new resource was released last week to help evaluate the level of data protection offered by cloud service providers (CSPs).

On Thursday, November 2, Edward J. Hansen, a partner in our technology, outsourcing, and commercial transactions group, will present a session on “Pricing and Financial Structures in Outsourcing,” as part of PLI’s “Outsourcing 2017: ITO, BPO, and Cloud” Program. Ed will discuss different pricing models, how to choose the right financial structure for your deal objectives, key pricing terms, and common pricing mistakes to avoid.

On August 30, Morgan Lewis and the Sourcing Industry Group (SIG) will host a full-day Executive Immersion Program in Boston. This popular program provides advanced presentations, workshops, and case studies geared toward executive decision-makers. Speakers include Morgan Lewis partners and industry thought leaders Ed Hansen and Doneld Shelkey.

Two US regulators recently launched initiatives that will encourage cooperation between the securities industry and its regulators with respect to financial technology (fintech) innovations. The US Commodity Futures Trading Commission (CFTC) launched LabCFTC in May, and the Financial Industry Regulatory Authority (FINRA) announced its Innovation Outreach Initiative earlier this June.

KPMG Global Advisory and HfS Research reported in a joint survey that the outsourcing and shared services market continues to be in a state of change in 2017, pointing to a combination of business drivers and technological advances as the cause.
The top seven India-based outsourcing companies received approximately 7,000 new H-1B visa petitions for initial employment in fiscal year 2016, representing a decrease of 37% between fiscal year 2015 and fiscal year 2016, according to a report published by the National Foundation of American Policy (NFAP).
The European Union Agency for Network and Information Security (ENISA), along with three semiconductor companies, recently released a position paper proposing a position for the European Commission (EC) on security and privacy standards as they relate to Internet of Things (IoT) devices.
Migrating applications and workloads to a cloud provider has obvious benefits—scalability, flexibility, efficiency, and cost considerations are all driving the dramatic increase in the use of cloud services. However, as MarkLogic CEO Gary Bloom discusses in a recent article, once enterprises start utilizing proprietary application programming interfaces (APIs) and other vendor-specific development and integration tools, they can easily become locked into their cloud providers.
The Internet of Things (IoT) promises a societal transformation based on a virtuous circle of constantly improving connectivity, integration, data, intelligence, and automation. One important element of this transformation is the workplace. As early IoT adopters are discovering, though, workplace implementation is often a slog rather than a splash.