The Hidden Risks of ‘Compliance With Applicable Law’

The Hidden Risks of ‘Compliance With Applicable Law’ Clauses in Financial Sector Outsourcing – When it is unclear which regulatory framework actually applies to the outsourced service 1. IntroductionOutsourcing and service agreements in the financial sector almost invariably contain a clause requiring the service provider to comply with “all applicable laws”. The wording appears uncontroversial […]