Traditional insurance policies are well designed to cover slips, falls, and fires. But are these the greatest risks businesses face? Dependence on technology, networked computers and the Internet has redefined risk for many businesses. Networked computers hold financial data, sensitive customer information, trade secrets, and proprietary software systems and databases. They also are essential communications channels. Traditional insurance policies, however, are not designed to provide protection for the risk environment that surrounds today’s business technologies. To fill the gap that traditional policies leave, the insurance industry offers a new generation of flexible and evolving products that prudent insurance buyers should consider....
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Recent government scrutiny underscores the importance of U.S. companies recognizing the immigration, labor and tax issues when relying on offshore service and technology companies.
"At the start of 2008, we have once again surveyed the lawyers in Morrison & Foerster’s Global Sourcing Group in key markets in the United States, Europe, and Asia."
Employers sponsoring retirement plans and deferred compensation arrangements should be mindful of certain actions that must take place by December 31 of this year, as well as new requirements and opportunities effective at the beginning of the 2007 plan year. Few of these action items entail major undertakings, but employers should review their plans and policies to ensure that appropriate actions are taken to comply with new requirements.
In December 2011 we reported on a federal bill that would make companies that relocate call centers to locations outside of the United States ineligible for federal grant or guaranteed loan programs for five years.
Every year, we survey Morrison & Foerster’s Global Sourcing Group lawyers in Asia, Europe, and the United States to create a snapshot of the current state of the world’s outsourcing market and to identify emerging trends that are likely to shape that market over the next 12 months.
The great uncertainty surrounding the United States
economy will undoubtedly send most manufacturers scrambling for
ways to maintain revenues and cut costs.
The Department of Labor has issued final regulations that provide a safe harbor to qualified plan fiduciaries in connection with their provision of default investment alternatives to plan participants.
The Supreme Court of the United States recently issued a unanimous decision in Sereboff v. Mid-Atlantic Medical Services, clarifying the circumstances under which Employee Retirement Income Security Act (ERISA) fiduciaries may pursue equitable remedies on behalf of ERISA health care and other welfare plans.
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