New Privacy Laws' Unintended Impact On Bankruptcy Sales
Law360 (July 18, 2018, 2:50 PM EDT) -- As they scramble to comply with recently enacted privacy regulation in the European Union, namely the EU General Data Protection Regulation, affected companies will soon face a second wave of similar regulations in the U.S. with the passage of California Assembly Bill 375). That means rewriting website privacy policies, managing customer consents, adopting corporate compliance measures and generally worrying about enforcement penalties.
Overlooked for now — while economic times are good — is the impact of these laws on distressed asset purchases in bankruptcies. With the yield curve flattening, interest rates and geopolitical risks rising, and the economic cycle simply continuing,...
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