Risk & Compliance

Technology Risk & Compliance Specialists

Managing legal and commercial risk is critical for technology businesses operating in an increasingly complex regulatory environment. Arnotts Technology Lawyers provides comprehensive risk and compliance services helping you identify, assess, and mitigate risks across your operations while building robust compliance frameworks.

Legal & Commercial Risk Advice

We provide strategic risk advice across all aspects of your technology business:

Risk Assessment & Analysis

• Legal risk identification and assessment
• Commercial risk analysis and materiality
• Technology-specific risk evaluation
• Third-party and vendor risk assessment
• Market entry and expansion risk analysis
• Strategic transaction risk evaluation

Risk Mitigation Strategies

• Risk treatment and mitigation planning
• Contractual risk allocation and transfer
• Insurance and risk transfer mechanisms
• Operational controls and safeguards
• Compliance programs and policies
• Monitoring and ongoing risk management

Enterprise Risk Management

• Enterprise risk management (ERM) frameworks
• Risk governance structures and committees
• Risk appetite statements and tolerances
• Risk register development and maintenance
• Risk reporting to board and management
• Integration with business strategy

Data Privacy & Security Compliance

Privacy and data security are critical compliance areas for technology businesses:

Privacy Compliance Programs

• Australian Privacy Principles (APPs) compliance
• Privacy policy development and review
• Privacy impact assessments (PIAs)
• Consent management frameworks
• Data breach response and NDB scheme compliance
• Cross-border data transfer compliance

Data Security & Cybersecurity

• Information security policies and standards
• Cybersecurity frameworks (Essential 8, ISO 27001)
• Security incident response planning
• Vendor security assessments
• Penetration testing and vulnerability management
• Security awareness training programs

Regulatory Privacy Compliance

• GDPR compliance for Australian businesses
• CCPA/CPRA and US state privacy laws
• APEC Cross-Border Privacy Rules (CBPR)
• Sector-specific privacy requirements
• Privacy Act reform preparation

Lock-in Protection Safeguards

We help you avoid vendor lock-in and maintain business flexibility:

Vendor Lock-in Risk Assessment

• Identifying lock-in risks in technology decisions
• Proprietary vs. open standards evaluation
• Data portability and extraction capabilities
• Integration complexity and dependencies
• Switching costs and exit barriers
• Long-term strategic flexibility

Contractual Lock-in Protections

• Data ownership and export rights
• Termination assistance obligations
• Standard format data extraction
• API access for data migration
• Source code escrow arrangements
• Documentation and knowledge transfer

Technology Independence Strategies

• Multi-vendor and best-of-breed strategies
• Open source and open standards adoption
• Abstraction layers and middleware
• Cloud-agnostic architectures
• Regular exit planning and testing

Contract Structure & Implementation

We help you structure contracts to manage and allocate risk effectively:

Risk Allocation in Contracts

• Liability caps and exclusions
• Indemnity provisions and carve-outs
• Insurance requirements and limits
• Warranties and representations
• Force majeure and pandemic provisions
• Consequential loss exclusions

Service Level Agreements

• SLA design and metrics selection
• Performance measurement and monitoring
• Service credits and remedies
• Escalation procedures
• Continuous improvement commitments
• Termination rights for persistent failure

Contract Implementation & Management

• Contract playbooks and approval processes
• Contract lifecycle management (CLM)
• Obligation tracking and compliance
• Renewal and renegotiation planning
• Performance monitoring and reporting
• Contract variation and amendment processes

Compliance Framework Development

We help you build comprehensive compliance frameworks:

Compliance Program Design

• Compliance risk assessment and gap analysis
• Compliance policies and procedures
• Roles and responsibilities definition
• Compliance training and awareness
• Monitoring and testing programs
• Reporting and escalation procedures

Regulatory Compliance

• Multi-jurisdictional compliance coordination
• Industry-specific regulations (telecommunications, financial services, healthcare)
• Consumer protection compliance
• Environmental and sustainability compliance
• Modern slavery and supply chain compliance

Internal Controls & Governance

• Policies and procedures documentation
• Segregation of duties and approvals
• Whistleblower and speak-up mechanisms
• Internal audit and assurance
• Board and management reporting
• Continuous improvement processes

Third-Party Risk Management

Managing third-party and vendor risk is critical in the technology ecosystem:

Vendor Due Diligence

• Vendor risk assessment frameworks
• Legal and compliance due diligence
• Financial stability assessments
• Operational capability evaluation
• Security and privacy assessments
• References and market reputation

Ongoing Vendor Management

• Vendor performance monitoring
• Regular compliance attestations
• Audit rights and vendor audits
• Incident and issue management
• Relationship reviews and scorecards
• Contract renewal evaluations

Supply Chain Risk

• Supply chain mapping and visibility
• Single-source and concentration risk
• Geopolitical and sanctions compliance
• Supply chain disruption planning
• Alternative supplier development

Incident Response & Crisis Management

When incidents occur, rapid response is critical:

• Incident response plans and playbooks
• Crisis management team structures
• Communication protocols (internal and external)
• Regulator notification procedures
• Media and stakeholder management
• Post-incident review and remediation
• Lessons learned and process improvement

Audit & Assurance

We support internal and external audit processes:

• Preparation for regulatory audits and examinations
• Internal audit program support
• Third-party assurance and certifications
• SOC 2, ISO 27001, and other certification support
• Audit finding remediation
• Continuous control monitoring

Why Choose Arnotts for Risk & Compliance?