Baker& McKenzie practitioners from around the world gathered in Santa Clara today to share legal insights for tech companies doing business around the world.
The event featured approximately 25 Baker & McKenzie practitioners, speaking on issues ranging from global privacy and compliance, to tax considerations and IP matters. Bruce Perens, a founder of the Open Source movement in software and a programmer and intellectual property specialist, delivered the afternoon keynote address.
Here are some key takeaways from today’s event:
- Environmental regulation is stricter in Europe compared to the U.S. Sustainability is now a mandatory requirement.
- In Europe, companies should actively ensure that their products are environmentally compliant. It is no longer good enough to rely only on suppliers.
- Privacy prevails in Europe, with no data residency requirements. Russia is the only country that has gone forward with a strong residency requirement effective Sept. 1, 2015.
- Asia is very different from the EU when it comes to product compliance and safety standards. Each country takes a different approach. China and Hong Kong are on two completely different ends of the spectrum.
- Best practices for managing product compliance: 1.) Ask engineers for known issues. 2.) Get your sales, procurement and product development teams all in one room. 3.) Pick a few jurisdictions for initial launch.
- Baker & McKenzie Partner Ben Allgrove predicts Europe’s Digital Single Market will create content portability, guidance on N&T procedures, and some restrictions on geoblocking for IP reasons, among other things.