As companies begin to dig out of the current pandemic and consider or re-evaluate business continuity plans, it is time for in-house counsel, risk managers and CLOs to consider ways in which to mitigate risks, including legal, operational and corporate. Here are a few considerations when contemplating risk assessments: 1. Conduct an Insurance Risk Assessment […]
The events over the last few days and even months have had a major impact on many companies worldwide, especially those in the US. From the Covid-19 lockdowns, unemployment, stock market collapse to the ongoing riots, companies are realizing that those proactively equipped to handle crisis are in a much better situation than those that […]
Currently, antitrust laws in Korea provides that the Prosecutor’s Office may only bring criminal charges for antitrust violations when the Korea Fair Trade Commission (the “KFTC”) issues a criminal complaint to the Prosecutor’s Office. However, the Prosecutor’s Office has been actively enforcing the antitrust laws, especially in hard-core cartel cases since the creation of a […]
The mounting layoffs, furloughs and job losses currently creating havoc in the US do not bode well for the US economy. But such job losses also force companies to face another stark reality – the potential loss of all of its ESI. Many companies in today’s economy require employees to use laptops, cell phones, tablets […]
Before a crisis breaks out, it’s always a good idea for the company’s risk manager or the risk management department (RMD) if one exists to review his or her role, or in case of the RMD, its role within an organization. In today’s environment, including COVID 19 virus issues, it is very important. In order […]
Let’s face it- COVID -19 is creating havoc for many businesses. It is upending markets, impacting the travel and tourism industries, hitting the transportation industry and of course negatively impacting the world’s supply chain. It is a crisis. Which means, that companies must treat it as such. Instead of waiting for an official government proclamation […]
