The following Risk & Compliance Q&A provides comprehensive and up to date legal information covering:
Article 22(1) of the General Data Protection Regulation (GDPR), Regulation (EU) 2016/679 gives data subjects the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects that concern them or similarly significantly affects them. Effectively, Article 22(1) of Regulation (EU) 2016/679, GDPR imposes a prohibition on making decisions based solely on automated processing.
Article 22(1) of Regulation (EU) 2016/679, GDPR does not apply (ie automated decision making is allowed) in certain specified circumstances, ie:
necessary for entering into, or performance of, a contract between the data subject and a data controller
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
This Practice Note provides a high-level introduction to diversity and inclusion (D&I) and key reasons why it is important to law firms. Specific aspects of D&I are covered in more detail in Practice Notes:•The growing focus on diversity and inclusion (D&I) in law firms•Unconscious bias—law
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