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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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This session will enable in-house counsel to effectively respond to the need for a large-scale contracts remediation effort. This need may arise as a result of a regulatory enforcement action, such as after a US Foreign Corrupt Practices Act violation has occurred, or after a change in regulation, such as when the EU declared the Safe Harbor framework to be invalid. While these efforts tend to be reactive in nature, panelists will pinpoint best practices for proactively identifying all business relationships and collecting and warehousing the associated documentation so that the company will be prepared to respond if needed. Panelists will present case studies of remediation projects, whether undertaken expeditiously under the watchful gaze of a monitor or over time in response to a change in regulation, or after the merger or divestiture of a key supplier.

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Interest Area: Commercial and Contracts
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