It’s coming. The European Union’s General Data Protection Regulation (GDPR) will come into effect on May 25, 2018. If your business involves processing EU citizen data, you will be subject to GDPR – even if your sole location is Morrisville, and you have never set foot in the European Union. Failure to comply with GDPR strictures will result in staggering penalties: as much as 4% of your global revenue or 20 million euros – whichever is higher.
Full compliance is complex and involves an exhaustive process. However, a company can begin to prepare immediately. The heart of the GDPR is consent: the premise that data belongs to the subject, and that it may only be collected with the full, informed, affirmative consent of that subject. The data subject may revoke consent at any time, may take their data to another service provider, and may limit how the data is used. With this in mind, companies must work with their IT departments to understand the following four things about their data practices:
Saad Gul and Mike Slipsky, editors of NC Privacy Law Blog, are partners with Poyner Spruill LLP. They advise clients on a wide range of privacy, data security, and cyber liability issues, including risk management plans, regulatory compliance, cloud computing implications, and breach obligations. Saad (@NC_Cyberlaw) may be reached at 919.783.1170 or email@example.com. Mike may be reached at 919.783.2851 or firstname.lastname@example.org.
Join us for an instructional webinar on Family Law on March 2nd from 11:00am-12:00pm. Poyner Spruill divorce attorney Steve Epstein will explain the fundamental components of divorce, child custody, child support, alimony, equitable distribution, and alienation of affections. He will also answer questions submitted by attendees.
Protect Your Business and Preserve More Income. You are invited to a panel discussion exploring what captives are, when you should consider setting up one, how the tax code can help the captive pay for itself, and more.
Advertising Law 101 for Tech Marketing Professionals This presentation will educate attendees on the "need-to-know" basics of advertising law. Marketing professionals in the Tech Industry regularly navigate issues that require a familiarity with truth in advertising, disclosure and endorsement rules for social media marketing, and privacy law - just to name a few. Knowing the basics of advertising law can insulate a company from a host of sanctions, fees, and other consequences.
We are pleased to announce Chase Johnson has joined the firm as an associate lawyer in the Raleigh office. Her law practice involves representing investment banks and financial institutions in their roles as issuers, underwriters, and mortgage loan sellers in both public and private offerings of mortgage-backed securities.
We are pleased to announce that Stephanie Sanders has been elected as Partner in the firm. She represents clients in connection with commercial real estate matters, including acquisition, disposition, financing, development and leasing of commercial real estate.