Exploring risk likelihood in commercial contracts; Starbucks union faces 3 decertification petitions in New York; SEC fines HSBC $15M, Scotia $7.5M for WhatsApp use; Partner eyes smarter GC engagement now that he’s been one himself
In addition to assessing risk impact, parties should, using real-world evidence and data, consider risk likelihood so they are better equipped to account for risk exposure in commercial contracts.
The settlement terms recognize the two companies came forward and cooperated with the agency after they discovered employee and executive use of the instant messaging app and other off-channel communications.
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