Akin Gump and Palantir Launch Legal Digital Service Platform
International law firm Akin Gump has partnered with Palantir Technologies to create RegSpot, a digital services platform intended to help Akin Gump's clients address their legal needs and compliance issues, a Feb. 18 news release said. The platform's first module…
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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
is designed to help with due diligence concerns involving U.S. export restrictions on transactions involving military end-use or end-users (MEU) in designated countries. Dubbed the “MEU Tool, powered by Palantir,” the module is intended to streamline the due diligence process of collecting and reviewing the relevant information while incorporating Akin Gump's assessment capabilities to respond to the legal risks posed by certain transactions, the release said. “With the increasing complexities of U.S. export controls, companies face the daunting task of conducting sufficient due diligence to identify and respond to red flags,” Tom McCarthy, Akin Gump’s head of international trade practice, said. “The MEU Tool helps provide an auditable process that promotes consistency, reduces human errors, and serves as a recordkeeping tool to demonstrate a company’s compliance efforts. This function is critical as companies face increasing scrutiny from regulators in an ever-changing legal landscape.”