By Michael Bahar, Frank Nolan and Ali Jessani Europe’s General Data Protection Regulation (GDPR) fell like a meteor, sending waves of enhanced privacy legislation to distant shores. The tidal wave first came ashore in the US when, in June 2018, the California Consumer Privacy Act (CCPA) was passed. The CCPA’s sweeping privacy protections borrow heavily from GDPR principles and, like its European counterpart, have an ambitious extraterritorial reach which will cause companies around the world to undertake significant compliance efforts.  Three...

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Cybersecurity threats defy national borders. Businesses offer goods and services to individuals worldwide, and the cyber attacks against those organizations is not limited geographically.  The recent introduction of mandatory breach reporting in Canada should be of interest to organizations worldwide.  For example, a breach involving a U.S. based organization might give rise to reporting and notification obligations in Canada, as well as litigation (including class actions) in Canada. Beyond the potential regulatory fines (which are admittedly minor in comparison to...

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By Len Adams | ACG Resources There has been much hype recently about artificial intelligence and its application to the future of work. Artificial Intelligence (AI) is being touted as the wave of the future. While I do agree that AI has a place in the no too distant workplace, I do not believe that it will be a threat. Yes, some functions may change or be eliminated,  similar to the advent of the computer many years ago. What will happen...

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By the Government of Canada In the face of global economic challenges, the Government of Canada is continuing to make investments in projects to help innovative companies grow, including start-ups, to create well-paying middle-class jobs and to ensure Canada punches above its weight in a competitive global market. Recently, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an investment of $25 million in the Creative Destruction Lab (CDL), a non-profit organization based at the University of Toronto that merges science-based projects...

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Kristan Gross, Global Executive Director | Vision Impact Institute As we move into February, many of us may be wondering what happened to January. It seems that the month flew by. While it might be a struggle to keep those resolutions that we made a few short weeks ago, there is no shortage of inspiration for us to continue giving vision a voice.Recently, I found inspiration in the students at Makerere University in Uganda who are using their education to make a...

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Catena Technologies today announced a strategic alliance with USAM Group, a member of the EACCNY, that expands availability of Catena’s flagship derivatives compliance solution to financial institutions in North America and Europe. Under the agreement, USAM will provide marketing and sales strategy and execution for the TRACE Reporting solution, which automates reporting of derivatives trades to global regulators. "Regulatory and trade repository changes coming up in 2019 will require major changes to trade reporting systems, creating a compelling opportunity for...

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By Ákos Bajorfi | Noerr On 1 January 2019, new legislation entered into force which set out significant restrictions on foreign investors intending to make direct or indirect investments in certain strategic sectors in Hungary (Act LVII of 2018 on the Supervision of Foreign Investments Violating the Security Interests of Hungary (‘SFI’)). This will have an impact on a considerable number of transactions in Hungary in the future. The SFI applies to ‘foreign investors’, which are defined as natural persons and...

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