UIA 14th Winter Seminar, Aspen, CO, USA, 30.03-06.03.2019
Hot Legal Topics in the Age of Digitalization
1- DD reviews: changes in scope of review and focus due to new digital topics and challenges
- Use of software/AI methods in legal due diligence
- Current trends: are software/AI methods used in practice? What is the scope of its application?
- Critical legal issues – mandate with client, lawyer's standard of care, potential liability risks and means to mitigate
- Practical DD work: can software/AI methods substitute the work of lawyers? How do DD activities change?
2- Review of publicly available information
- Data room/VDR vs. publicly available data
- Reliable public legal data sources
3- DD reviews: Outsourcing of tasks, cooperation with other professionals in DD review, trend to commoditize certain DD review tasks
4- DD reports – trends and best practices – scope, common assumptions and limitations
5- Legal due diligence in the digital era – why lawyers will still be needed?
6- M&A in the age of digitalization – due diligence