Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Fourteenth edition highlights challenges of cybersecurity, balancing data protection and discovery obligations.
We have released our 2018 Annual Litigation Trends Survey. This year’s survey polled 365 senior corporate counsel representing US-based organizations on disputes-related issues and concerns.
Survey respondents report a decrease in the number of lawsuits commenced against their companies over the last year, but that they face more regulatory proceedings and arbitrations in navigating increased cyber risk, data protection and tax issues.
Two thirds of respondents report feeling more exposed in 2018 to cybersecurity and data protection disputes. We asked respondents about the actions they are taking to mitigate risk in this area. Based on the activities reported, we have developed the Cyber Risk Mitigation Framework to provide a comprehensive overview of steps being taken to actively manage exposure to cyber risk.
The survey also found that the growing international nature of many business operations has caused a spike in conflicts related to countries’ differing discovery and data protection laws and regulations. More than half of the legal departments surveyed—11 percent more than last year—report they are increasingly forced to balance one jurisdiction’s discovery obligations with another’s data protection regulations.
Previous reports
Recent publications
Publication
Impact of PSR and other financial rules on ownership
Our report last year included a summary of the Premier League’s profit and sustainability rules (PSR) and discussed both how owners have reacted to the rules and our predictions for the likely impact on future ownership of Premier League clubs.
Publication
Do your tech and outsourcing contracts address cyber incidents?
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
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