The hack of confidential data from the Panamanian law firm, Mossack Fonseca, in April has brought down world leaders and corporate executives and cast costly reputational risk upon individuals and companies around the globe. To many, it is merely a curiosity, a tale about questionable deals in far-flung places. But there are important lessons.
William Allison and Francesca Muscutt at DAC Beachcroft in London write in the Lexis Corporate Law Advisory outline the potential regulatory and civil claims stemming from the leak and discuss concerns over reputation management, appropriate tax planning and data security for all organizations, not just those that arrange their affairs in off-shore jurisdictions.
The data leak, the largest ever recorded, revealed over 11.5 million lawyer-client documents dating from as far back as the 1970s.
Relevant HB & Affiliated Programs
Ethics in a Crisis: Preserving Corporate Values in Turbulent Times | Sept. 22, 2016 | Emory University | Atlanta