News & Analysis as of

Third-Party Service Provider Coronavirus/COVID-19

Polsinelli

Employee Retention Tax Credits Update: IRS Warns Taxpayers to Beware

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On October 19, 2022, the Internal Revenue Service (“Service”) issued news release IR-2022-183, which was intended to warn employers using third-party promoters of Employee Retention Tax Credits (“ERTCs”).  ERTCs were created...more

Bass, Berry & Sims PLC

Key Takeaways from ACG’s “Current M&A Climate and 2021 Outlook”

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On June 17-18, the Association for Corporate Growth (ACG) Kentucky and Tennessee chapters hosted the 12th Annual ACG Mid-South Capital Connection, bringing together over 200 private equity investors, mezzanine lenders,...more

Steptoe & Johnson PLLC

OSHA Puts Healthcare Employers on Alert After Issuing Penalties for Willful Citations

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An alarm bell has sounded for healthcare facilities as the Occupational Safety and Health Administration (OSHA) issues two Willful COVID-19 Citations with nearly $300,000 in proposed penalties. On August 4th, OSHA...more

Lowenstein Sandler LLP

A Look Ahead: US FDA And Medical Device Regulations In 2021

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The pandemic year of 2020 presented FDA with many enormous challenges, including how to use emergency authorizations to approve diagnostic tests, personal protective equipment, and therapies, how to conduct remote...more

Barnea Jaffa Lande & Co.

Employers: Everything You Need to Know about Vaccinations (Update)

*** The text below was updated on March 9, 2021, in light of current proceedings in the Labor Court and in light of memoranda of law currently being formulated. The past year has been nothing less than a roller coaster for...more

Cozen O'Connor

GAO Report: TSA Should Review Its “Third-Party Testing” Program for New Security Technology

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On a normal travel day (at least pre-COVID), millions of passengers pass through Transportation Security Administration (TSA) screening checkpoints at U.S. airports. Passengers are screened using “body scanners” while...more

Pillsbury Winthrop Shaw Pittman LLP

A Further Step Forward: China Releases Draft Personal Information Protection Law for Public Comment

On October 21, 2020, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC) released the draft PIP Law for public comment. With the big data industry rapidly growing in China...more

Mitratech Holdings, Inc

Moving Center Stage – Vendor Risk Management & COVID-19

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Vendor Risk Management (VRM) featured heavily at the recent Mitratech Interact 2020 online conference.  That’s not surprising, considering the rising concerns about the risks posed by vendor and supplier networks – and how...more

Mitratech Holdings, Inc

Previewing Interact 2020: Why Is This a Critical Moment for Vendor Risk Management?

Among the many other hard lessons the COVID-19 pandemic has been teaching businesses, there’s this one: Vendor risk management has become even more complex than before. Frighteningly complex, in fact, making it even more...more

Mitratech Holdings, Inc

Managing Third-Party Vendor Regulatory Compliance

Data breaches are a hot topic and will undoubtedly get even hotter. Cybersecurity for your own enterprise isn’t enough — you must evaluate your vendors and determine if they’re prepared to resist cyberattacks.  ...more

Epstein Becker & Green

Addressing Data Privacy and Security Provisions in COVID-19 Related Service Provider Agreements and Beyond

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Employers’ engagement and use of various types of vendors has expanded recently, to include vendors who assist with office re-entry screening and contact tracing as employees return to work during the COVID-19 pandemic. ...more

Hogan Lovells

Global Payments Newsletter, June 2020

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Key developments of interest over the last month include: Brazil: The Central Bank of Brazil has confirmed that open banking regulations will begin to be implemented from November 2020. The implementation will consist of...more

Morgan Lewis - Tech & Sourcing

COVID-19’s Impact on Outsourcing and Managed Services: Update on 5 Key Issues

In April, we shared a LawFlash Outsourcing and Managed Services Agreements During COVID-19: Our Perspective. With the continued and unprecedented impact of the coronavirus (COVID-19) pandemic on business operations, we...more

Latham & Watkins LLP

Technology Contracting and COVID-19 - 5 Key Issues for Middle East Customers

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A recent Latham.London blog post recommended five steps that customers should take when procuring technology and related services in light of COVID-19 and future pandemics. This blog post examines five additional...more

Hinshaw & Culbertson - Employment Law...

OSHA Guidance on Preparing to Return to Work Includes Recommendations for White Collar Businesses

The Occupational Health and Safety Act (the OHS) was signed into law in 1970 and established the Occupational Health and Safety Administration (OSHA), as part of the U.S. Department of Labor. Under the so-called "general...more

K&L Gates LLP

COVID-19: Working with Third-Party Service Providers and Their Personnel for a Safer Reopening

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As states start to lift or relax restrictive measures implemented at the outset of the COVID-19 pandemic, many businesses are preparing to reopen in some capacity. As highlighted in K&L Gates’ recently published Reopening...more

King & Spalding

Energy Newsletter - April 2020

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Developing Contingency Plans: The NYDFS Mandate on Licensed Virtual Currency Businesses - The events surrounding COVID-19 have increased the use of fintech products, both out of necessity and convenience. Shelter-in-place...more

Spilman Thomas & Battle, PLLC

This Too Shall Pass: and Then What? Part 1 - Logistics of Returning Employees to the Workplace

Many businesses have been shuttered or have reduced their operations to an on-site skeleton crew supporting droves of teleworkers. At some point, most will reopen and bring their employees back into the workplace. Though the...more

White & Case LLP

Vendor performance during social isolation

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White & Case Technology Newsflash - Every industry is at a critical juncture in evaluating how to successfully continue business operations in a period of unprecedented disruption. We have received a number of inquiries...more

Shook, Hardy & Bacon L.L.P.

COVID-19 Client Primer | Maximizing Teleconferencing Privacy

ANALYSIS - Maximizing Teleconferencing Privacy - With much of the nation under orders that limit employees’ ability to go into the office, organizations around the world are increasingly moving entire businesses online...more

Mintz - Privacy & Cybersecurity Viewpoints

New York Dept of Financial Services (NYDFS) Extends Cybersecurity Compliance Deadline

The NYDFS has announced that it has extended the deadline for compliance with certain cybersecurity requirements due to the coronavirus emergency. The announcement from the Superintendent of Financial Services of the State...more

Foley & Lardner LLP

Securities and Exchange Commission Relief for Investment Advisers to Mitigate Challenges Caused by the Coronavirus

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The Securities and Exchange Commission (SEC) has recognized that coronavirus disease 2019 (COVID-19) has caused, and may cause, disruptions that limit investment advisers’ access to facilities, personnel, and third party...more

Ballard Spahr LLP

NYDFS Requires Filing of Preparedness Plans and Financial Risk Assessments Related to COVID-19

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In an Industry Letter, the New York State Department of Financial Services (NYDFS) is requesting assurance that New York State regulated institutions have preparedness plans in place to address operational risk, and it is...more

White & Case LLP

Operational resilience, third party risk management and impact tolerance in the time of Coronavirus

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On 5 December 2019 the Bank of England (Bank), UK Prudential Regulation Authority (PRA) and UK Financial Conduct Authority (FCA) published coordinated consultation papers and policy on new requirements to strengthen...more

Robins Kaplan LLP

Financial Daily Dose 3.4.2020 | Top Story: Stocks Rebound

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Stocks rebounded with the S&P 500 making gains for the second time in three days and 10-year Treasury yields fell below 1%; analyst suggest the market upswing was caused, in part, by the Democratic primary results showing...more

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