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Selected Year 2000 Legal Issues to be Considered in Year 2000 Planning Efforts

  • Year 2000 Internal Examinations and Studies
  • * Year 2000 Compliance Programs
    * Standards of Care of a Director
  • * Counsel to Y2K Committees
    * Year 2000 Audit Projects
  • Contracting Issues relating to Year 2000 Compliance
  • * Year 2000 representations
    * Year 2000 warranties
    * Year 2000 indemnification
    * FAR 39.002 Standards
    * ITAA Certifications
    * Limitation on liability provisions
  • * Copyright and other IP issues
    * Due diligence reviews
    * M&A issues
    * Bank lending issues
    * Private Placement issues
    * Year 2000 compliance agreements
  • Year 2000 securities and other regulatory issues
  • * Disclosure under securities laws
    * Disclosure under SFAS 5
    * Disclosure under SAS No. 53/59
  • * Disclosure to Bank Examiners
    * Insurance regulatory issues
  • Year 2000 Insurance Coverage Issues
  • * General Liability coverage
    * Errors and Omissions coverage
    * Business Interruption coverage
  • * Data Processing coverage
    * Directors and Officers coverage
    * Year 2000 specific coverage
  • Year 2000 Contractual Claims
  • * Breach of warranty claims
    * Disclaimer of warranties
    * Breach of representations
    * Breach of performance
  • * Limitations on damages
    * Statute of limitations
    * Scope and measure of damages
  • Year 2000 Tort Claims
  • * Negligence
    * Product liability
    * Misrepresentation
    * Vicarious Liability
  • * Post sale duty to warn
    * Breach of performance
    * Statute of limitations
    * Scope and measure of damages
  • Year 2000 ERISA / Employee Benefits issues
  • * Breach of fiduciary duty
    * Benefit calculation errors
    * Interruption of benefits
  • * Limitations on investment changes * Department of Labor audits
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