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Legaltech News

Legal Departments Can Come and Go, But Legal Ops Managers May Be Forever

Earlier this week Benjamin Moore said it planned to outsource all of its in-house legal work to outside providers. But other businesses mulling a similar arrangement may quickly find that cost savings or not, managing those providers will still require an investment of company time and resources.
3 minute read

Delaware Business Court Insider

Chancery Holds First-Party Claims Covered by Standard Indemnity Provision in LLC Agreement Absent Express Contrary Intent

A long line of cases has held that a standard indemnification provision in a bilateral commercial contract will be presumed not to provide for fee-shifting with respect to claims between the contracting parties absent a clear and unequivocal articulation of an intent to do so.
7 minute read

Corporate Counsel

Six Essential ESG Lessons for General Counsel From COVID-19

From nearly every angle, COVID-19 has pushed ESG higher up the agenda.
8 minute read

International Edition

Growing Demand for Sustainability Advice Has Law Firms Scrambling to Keep Up

COVID-19 has increased clients' focus on environmental, social and governance issues, say a broad range of top advisers.
6 minute read

International Edition

Hitachi Appoints US Lawyer as First Group Chief Compliance Officer

California-based David Karas takes on the role as compliance comes into focus in Japan.
2 minute read

International Edition

EY Canada's Business Law Head Exits For Toronto Firm

The departing managing partner led the Big Four firm's business law services group for nearly five years.
2 minute read

Delaware Business Court Insider

Court of Chancery Speaks on an Increasingly Common Choice of Law Issue

In a recent decision, the Delaware Court of Chancery faced the increasingly common situation in which parties' contractual provisions select Delaware law to govern the parties' disputes in an apparent attempt to bypass the law of another state that otherwise would be applicable.
6 minute read

New Jersey Law Journal

Director and Shareholder Virtual Meetings Require Cybersecurity

Despite COVID-19 pandemic disruptions, entities with shareholders must timely execute both director and shareholder meetings. Holding these meetings via the internet may mitigate health concerns, however, doing so raises the issue of cybersecurity.
9 minute read

The American Lawyer

Whatever Happened to Davis Polk's Report on Victoria's Secret?

A year later (and god knows how much in legal bills), Wachtell Lipton is taking over investigating the mess at L Brands.
4 minute read

New York Law Journal

Delaware Supreme Court Rules That Appraisal Actions Are Not Covered by Public Company D&O Insurance

In their Corporate Insurance column, Howard B. Epstein and Theodore A. Keyes discuss a unanimous decision from October, in which the Delaware Supreme Court reversed a trial court ruling and held that an appraisal action is not a "Securities Claim" as defined in the applicable D&O liability insurance policy. Consequently, the court ruled that the insured was not entitled to coverage for defense costs and pre-judgment interest incurred in connection with an appraisal proceeding.
8 minute read

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