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Overview
The headline news: A massive document leak provides evidence of secret offshore companies and their owners, many of them prominent and powerful global leaders. The source: 11.5 million documents, over 2.6 terabytes of data in all, apparently stolen from the Panamanian law firm Mossack Fonseca and now being pored over by an international consortium of investigative journalists. The implications: Does the leak provide evidence of tax evasion, corruption, or other criminal activity – or simply shine a light on activity that is legal but normally confidential?
Please join Sarah Coyne, Luke Dembosky and Jeremy Feigelson of Debevoise & Plimpton LLP as they:
- provide a primer on this fast-moving situation, sorting fact from speculation about how the Panama Papers came to public attention and what they actually show;
- survey the potential legal issues the leak raises for the hacker, the media outlets handling the papers, the law firm, and the account owners and beneficiaries of the offshore companies; and
- discuss the cybersecurity implications for law firms and other institutions with sensitive client data.