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Securities & Financial News to Note : Bulletin - February 6, 2012

This bulletin is published every other week on Monday and is disseminated via electronic mail. It features brief summaries of current legal developments in the SEC/corporate, accounting/tax, banking, litigation, as well as other business and financial service areas when appropriate.

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Hospitality Industry: Mediation of Golf Industry Disputes Alert - January 31, 2012

Golf clubs and their developers, owners, builders, operators, managers and members are still taking their disputes to court to duke, or "club" it out. This trend continues even when there are readily available options to full-blown litigation, such as alternative dispute resolution (ADR).

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Intellectual Property and Technology
Alert - February 27, 2009
 
Massachusetts ID Theft Regulation Amendment: Compliance Deadline Extended to January 1, 2010
 
February 27, 2009
 
Maximillian J. Bodoin- Boston
Ieuan Mahony - Boston

On Thursday, February 12, 2009, the Office of Consumer Affairs and Business Regulation issued a revised version of 201 CMR 17:00 (“Regulation 201”) – the Standards for the Protection of Personal Information of Residents of the Commonwealth. Under Regulation 201, certain entities that possess “personal information” about residents of the Commonwealth are obligated to develop, implement, maintain and monitor a comprehensive, written information security program designed to protect such personal information. The recent amendment to Regulation 201 extended the compliance deadline from May of 2009 until January 1, 2010. The amendment also included revisions to the steps that a covered entity must take with respect to ensuring that its third-party service providers comply with Regulation 201.

In the amendment’s announcement, the undersecretary of the Office of Consumer Affairs and Business Regulation was quoted as saying: “It is time for business and other holders of personal information to ensure that consumers’ information is kept safe.” The Undersecretary’s statement reinforces the importance of compliance and the Commonwealth’s dedication to protecting its residents’ personal information. The extension provides covered entities with much-needed time in order to come into compliance with Regulation 201.

If you have any questions about the revisions to Regulation 201, or would like assistance in your compliance efforts, Holland & Knight attorneys can advise you on these issues.

For more information, contact:

Ieuan Mahony

617.573.5835
ieuan.mahony@hklaw.com

Max Bodoin

617.573.5819
max.bodoin@hklaw.com

toll free: 1.888.688.8500

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