News & Analysis as of

Outsourcing

Contract Corner: Change Management in Commercial Contracts (Part 1)

by Morgan Lewis on

While a primary goal of any well-crafted commercial agreement is durability—terms that work for the life of the agreement—the only certainty in the course of a long-term commercial relationship is the inevitability of change....more

2017 budget impacts for innovation and technology

by DLA Piper on

From a Government which had promised much in the way of innovation, the 2017 Budget is both underwhelming and, in one respect, potentially concerning. In terms of 'in' words, 'infrastructure' is very much in; 'innovation'...more

Navigating the IoT Workplace Quagmire

by Morgan Lewis on

The Internet of Things (IoT) promises a societal transformation based on a virtuous circle of constantly improving connectivity, integration, data, intelligence, and automation. One important element of this transformation is...more

Professional secrecy and outsourcing arrangements – a new era?

by Allen & Overy LLP on

On 31 August 2016, we issued an e-alert on the bill of law n°7024 (the Bill of Law 7024), aimed, among others, at amending article 41 of the Luxembourg act of 5 April 1993 on the financial sector, as amended (the Banking Act...more

Contract Corner: Contracting Strategies Can Help Navigate Changing Environments (Part 2)

by Morgan Lewis on

In the first part of this two-part series, we briefly discussed three contract models and how they correlate complexity with shifting technology landscapes. The third model looked at where outsourcing and robotics intersect,...more

The Manager-in-Charge Regime: Ruffling feathers in the year of the Rooster?: Practical considerations for licensed corporations

by Allen & Overy LLP on

On 16 December 2016, the Securities and Futures Commission (SFC) issued a Circular to Licensed Corporations entitled Augmenting the Accountability of Senior Management (Circular). At the heart of the Circular was the...more

Contract Corner: Contracting Strategies Can Help Navigate Changing Environments (Part 1)

by Morgan Lewis on

If you have been around technology-centric work for a while, you may have come to realize that many “technology” programs really aren’t about technology at all—the technology simply functions as a conduit for business change....more

Minimizing Transaction Costs to Drive Value in Outsourcing Relationships

by Morgan Lewis on

This week, we have been attending the Shared Services and Outsourcing Week in Orlando, Florida to discuss the question of how to drive value in outsourcing relationships, a topic that we find interesting and that means...more

Outsourcing of Services in the Medical Device Industry

As the medical device market continues to grow, the medical device industry has strived to reduce costs through outsourcing. An industry report has found that the global medical device outsourcing market was valued at $33.2...more

In Case You Missed It: Launch Links - February, 2017 #4

by WilmerHale on

Some interesting links we found across the web this week: How To Know If An Accelerator Program Will Give Your Company What It Really Needs - Accelerator programs are often an enticing option for early-stage...more

Investment Funds Update: Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

by Dechert LLP on

Central Bank Signs Off on CP86 with a Location Rule Compromise - The Central Bank published its Third Consultation and Feedback Statement on CP86 on 19 December 2016. While the multi-location rule was abandoned, the...more

IRD consults on GST treatment of management fees and outsourced services

by DLA Piper on

'Questions we've been asked' (QWBA) are statements issued by the Office of the Chief Tax Counsel of the New Zealand Inland Revenue Department (IRD) in response to queries received on specific tax issues which are likely to be...more

Looking Back at Predictions That I Made Three Years Ago, Part 2: eDiscovery Predictions Revisited

by CloudNine on

Earlier, I took a look back at two posts that comprised six eDiscovery predictions for 2014 that I wrote three years ago. I thought it might be fun to look back at those posts to see how those predictions fared. I covered...more

Human Drug Compounding: FDA Issues Four Guidance Documents

by BakerHostetler on

FDA had a busy holiday season, issuing two final guidance documents and two draft guidance documents for industry related to human drug compounding right before the start of the new year. These guidance documents cover...more

Financial Services Quarterly Report - Fourth Quarter 2016: Developments in the Luxembourg Financial Sector

by Dechert LLP on

The Luxembourg financial regulator has published a circular on UCITS depositaries, clarifying the organisational arrangements and other rules provided by Luxembourg’s UCI Law and the EU UCITS Regulation. The circular...more

Implications of the 2016 US Presidential Election for Trade Policy

by White & Case LLP on

The election of Donald J. Trump as the 45th President of the United States will have important implications for US trade policy. Assessing these implications in the immediate aftermath of the presidential election is,...more

Terminated Disney Employees Allege that Outsourcing Work to Indian Workers Discriminated against American Workers

by Franczek Radelet P.C. on

Disney continues to face legal repercussions from the company’s 2014/15 layoffs of numerous American IT workers, and the outsourcing of their functions to two Indian companies employing H-1B workers. On Monday, Dec. 12th,...more

Tech Sector Braces for Possible Impact from President-Elect Trump’s Immigration Agenda

by JD Supra Perspectives on

There could be repercussions for the tech sector from any number of actions that President-elect Trump might take on immigration. There could even be impact from his actions taken in other areas such as trade and national...more

Senior MP Calls for Regulatory Crackdown on Banks’ IT Systems: 3 Things You Can do to Prepare

by Latham & Watkins LLP on

The recent cyberattack on Tesco Bank’s IT systems has prompted Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, to call on regulators to take action against vulnerable bank IT systems... ...more

Law Firm Business Development: Is Marketing Department Outsourcing The New Black?

by LawVision Group LLC on

Outsourcing a law firm’s back office functions like Finance or Information Technology (IT) certainly isn’t a new concept. However, as law firm leaders continue to seek ways to grow the firm’s bottom line and improve the...more

México: SHCP publica interpretaciones de la Ley Anti-Lavado con relación a la subcontratación laboral

by Littler on

El 21 de octubre de 2016, la Secretaría de Hacienda y Crédito Público (“SHCP”), mediante breve comunicado en su portal de internet, publicó la interpretación que se deberá aplicar al inciso b), fracción XI del artículo 17 de...more

Mexico: New Interpretation of Anti-Laundering Law Provision Regarding Outsourcing

by Littler on

On October 21, 2016, Mexico's Ministry of Finance and Public Credit (“SHCP” for its acronym in Spanish) published its interpretation of a provision under the Anti-Laundering Law that adds outsourcing to the list of activities...more

Food and Beverage Companies: Get the Dish on Commercial Agreements: Insights from Nutter’s Jeremy Halpern

Jeremy Halpern, a partner in Nutter’s Food and Beverage Group and the Director of Business Development for the firm’s Emerging Companies Group, discussed commercial agreements in the food and beverage industry in Nutter...more

UK Financial Conduct Authority Fines Aviva for Client Asset and Money Failings

by Shearman & Sterling LLP on

The Financial Conduct Authority published the final notice issued to Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited, fining the firms £8,246,800 for failing to have adequate controls and oversight arrangements to...more

Aviva’s £8.2M FCA Fine a Stark Reminder that Regulated Firms Cannot Outsource Their Regulatory Responsibilities

The FCA has fined Aviva, the UK insurance group, £8.2 million for failing to have appropriate controls over its outsourced service providers. According to the FCA’s press release, the fine would have been even larger at £11.8...more

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