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CRALAW  
Articles  

Topic:  

Y2K DISASTER:  
WHAT TO PREPARE  
FOR  

by:  

Y2K Team  
Chan Robles  
Law Firm  
 

  Executive Order No. 14 [August 19, 1998]  Establishing the
Presidential Commission on
Year 2000 Compliance
FRENCH Translation
GERMAN Translation
ITALIAN Translation
PORTUGUESE Translation
SPANISH Translation
     
Early Solution  
 
Chan Robles has a different view of the Year 2000 debacle now commonly described as Y2K .    

Many experts are advancing the view that the wheels of industry and commerce will suddenly grind to a complete halt by January 1, 2000, resulting in a worst worldwide recession costing about US$1 trillion.  Still many quarters predict that the legal profession will benefit most from this unfortunate scenario.    

It is opined, however, that all the foregoing grim prognostication may not necessarily occur if the players will implement, at this early, a planned and reasoned approach to solving it.  Appropriate legal guidance is necessary in order to make the problem manageable and less costly.    

Chan Robles has prepared for this eventuality in its own technology system.  Its Y2K Team, in consultation with its IT consultants, has been studying the legal aspects of the Millennium Bug and is in a position to give appropriate advice on many of its baffling aspects.  The problem, being far-reaching and wide-ranging in its implications, should be seriously looked into and clients should sharply focus its attention on the Bug's adverse implications on the following major areas of concern:     

A legal audit should, in our view, be immediately and seasonably taken by management on the following:chanroblesvirtuallawlibrary    
    Liabilities of Officers and Directors    
    Management of Risk Exposure    
    Analysis of Warranty and Indemnity Contracts
Preparing early for the most tragic technological disaster absolutely certain to occur on the very first day of the 21st century is the most prudent approach one should take.     

We shall keep you posted on the latest Y2K developments in the Philippines and worldwide on this page and in our subsequent articles.

Contact Chan Robles for further information via mail  or e-m ail .


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