India data privacy rules may be too strict for some U.S. companies – The Washington Post

Data privacy rules enacted last month in India are now alarming some U.S. companies, which worry that they may be too restrictive.

The rules in India’s Information Technology Act govern the collection and use of personal information including banking and medical details. But business leaders in India and the United States worry that they add a cumbersome layer of disclosures such as obtaining written consent from each customer before collecting and using personal data.

Google has protested some sections of the rules, which make Internet intermediaries responsible for any objectionable content, which is defined as “harassing,” “grossly harmful” or “ethnically objectionable.”

The rules about data privacy will apply to all Indian organizations and will affect multinational corporations that outsource business operations to India or have opened back-offices here.

via India data privacy rules may be too strict for some U.S. companies – The Washington Post.

How To Make Sure Your Company’s Data Doesn’t Get Stuck In Europe – Ben Kerschberg – Law & Technology – Forbes

As debates about data privacy rage in the United States—the Wikileaks Twitter case is a recent and prominent example—it is important for multinational corporations and other potential litigants (both plaintiffs and defendants) not only to understand the nuances of the markedly different privacy definitions and security standards in the European Union (“EU”), but also to master this legal landscape with the indispensable help of expert local counsel in foreign jurisdictions. These differences are especially important given that U.S. courts engaged in the litigation discovery process routinely expect litigants to be able to produce relevant data through cross-border discovery according to the same standards and restrictions that apply at home. A highly informative webinar hosted by RenewData, a provider of services for the discovery, archiving, and governance of electronically stored information (“ESI”), and featuring Ken Rashbaum of the law firm Rashbaum Associates, discussed these issues and others vital to corporate counsel.

via How To Make Sure Your Company’s Data Doesn’t Get Stuck In Europe – Ben Kerschberg – Law & Technology – Forbes.

How To Make Sure Your Company’s Data Doesn’t Get Stuck In Europe – Ben Kerschberg – Law & Technology – Forbes

As debates about data privacy rage in the United States—the Wikileaks Twitter case is a recent and prominent example—it is important for multinational corporations and other potential litigants (both plaintiffs and defendants) not only to understand the nuances of the markedly different privacy definitions and security standards in the European Union (“EU”), but also to master this legal landscape with the indispensable help of expert local counsel in foreign jurisdictions. These differences are especially important given that U.S. courts engaged in the litigation discovery process routinely expect litigants to be able to produce relevant data through cross-border discovery according to the same standards and restrictions that apply at home. A highly informative webinar hosted by RenewData, a provider of services for the discovery, archiving, and governance of electronically stored information (“ESI”), and featuring Ken Rashbaum of the law firm Rashbaum Associates, discussed these issues and others vital to corporate counsel.

via How To Make Sure Your Company’s Data Doesn’t Get Stuck In Europe – Ben Kerschberg – Law & Technology – Forbes.

New Legislation Will Curb How Multinationals Can Use Foreign Tax Credits | National Law Journal

International tax lawyers are scrutinizing a state and local funding bill signed by President Barack Obama on Aug. 10 that significantly curbs how U.S. multinational corporations can use foreign tax credits.

The administration bills the changes as closing international tax loopholes for multinational companies. In practice, they’ll significantly change big companies’ tax decisions and have a far-reaching impact on foreign corporate transactions.

The provisions’ effective dates range from immediately to the tax filer’s first taxable year that starts after Dec. 31, 2011.

via New Legislation Will Curb How Multinationals Can Use Foreign Tax Credits.