The Association of Corporate Counsel (ACC) Singapore recently hosted a webinar examining the role of general counsel in managing a covid-19 altered landscape amid unprecedented global economic and political uncertainty.
The digital economy has emerged as more important than ever in bringing new opportunities, and the webinar discussed the new business landscape in terms of the opportunities and dangers that GCs should be aware of when advising their boards, in light of recent macro developments.
As well as the unique nature of operating across different jurisdictions, the webinar addressed the increasing importance of investigative due diligence and business intelligence in managing current and potential business partners, and how GCs can capitalize and thrive under the so-called new normal.
One of the key areas of conversation was the digital economy and regulating information. More specifically, the digital economy and the implications for managing the security of corporate data as the workforce gets displaced and dispersed due to covid-19 measures imposed on the workforce by governments was explored, along with proposed regulatory requirements on protecting and safeguarding personal data in Singapore.
Post covid-19 and the looming disputes storm was also covered. To ease the economic tension brought by covid-19, governments in the region have taken temporary legislative measures to suspend the commencement of disputes and the enforcement of contractual claims. Speakers answered questions such as: What happens to companies that are unable to comply with their contractual obligations? How can companies manage impending disputes? And what are the dispute resolution solutions that companies can utilize?