Category: Electronic Disclosure
9 October, 2012
Storing emails and electronic documents for more than six years before deleting them could save businesses significant legal fees.
Ian Birdsey of Pinsent Masons, the law firm behind Out-Law.com, said that firms who fail to retain their information for long periods could be hit with even higher disclosure costs as they are forced to recover backed-up data.
"Businesses which operate across the globe … need to consider that retention and disclosure requirements might be different in other jurisdictions, with the disclosure requirements in the US, which appear to be broader in many circumstances than those in the UK, being an example," he explained.
It is also important to train the relevant staff in data privacy rules overseas. Disclosure requests in the US, where most information is available, could be complicated by links with European nations that have much stricter privacy laws.
Failing to take these differences in law into account can cause delays and could even lead to fines if disclosure deadlines are missed.
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