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Chicago Business Attorney Blog

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The Legal Quagmire of Cryptocurrency

Cryptocurrency has been a trending topic of discussion for the last several years. Cryptocurrencies such as Bitcoin and Ethereum have captured the public’s attention with their unstable, and highly fluctuating market values, as well as their promises for quick and easy rewards. Currency in the Digital World But what exactly…

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Clear Terms for Automatic Renewal Leads to e-Harmony with Customers

The growth of online paid subscription services that start with either a free trial that converts to automatic payments, or an upfront payment that automatically renews, have led to lawsuits challenging the clarity of such services’ terms of agreement. A recent settlement that could total close to $2.3 million between…

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What’s with the Proposed Tipping Rule Change?

A proposed federal rule change that would allow owners of restaurants, bars and other businesses whose employees receive tips to distribute those gratuities as they see fit would add flexibility for employers—but might raise questions in the minds of customers. Those who agree with the Mr. Pink character from “Reservoir…

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Small Business are a Prime Target of Cyber Crime

Have you thought about or bolstered your cybersecurity lately? Because while government agencies, corporations and banks might be the top targets of would-be cyber attackers, small businesses need to make sure they’re protected, too, lest hackers succeed in their attempts to intrude and, in some form or fashion, monetize their…

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Illinois Biometric Law Keeping the Courts Busy

The Biometric Information Privacy Act, which the Illinois legislature passed in 2008, has led to a barrage of class action lawsuits in the past six months. Thought to be the nation’s most stringent law protecting biometric identifiers—which include fingerprints, iris or face scans, and voice identification—BIPA has spurred about 30…

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Got Customers in the Europe? Better Get Familiar with GDPR!

Small business owners with customers based in the European Union will want to circle May 25 on their calendars. That’s the date that the EU’s General Data Protection Regulation (GDPR) goes into effect, significantly impacting enterprise cybersecurity and data governance policies and practices among organizations that handle data on EU…

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Alternative Dispute Resolution Goes Online

The growth of e-commerce and the resulting physical distance between parties in various transactions, along with advances in technology more broadly, have helped lead to the rise of online dispute resolution, a digital offshoot of traditional alternative dispute resolution that provides greater efficiency and convenience to the parties involved. While…

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Is Facial Recognition Technology an Invasion of Privacy?

The burgeoning science of biometrics both excites and unnerves people, the subject of both a razzle-dazzle upgrade in the new iPhone X and a growing body of privacy-related litigation in Illinois stemming from the 2008 passage of the Biometric Information Privacy Act. That law requires companies using biometric data—which includes…

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Small Businesses Should Shy Away from Bitcoin

Should your small business be dealing in the online currencies (“cryptocurrencies”) like Bitcoin? What are they, anyway, and what are the risks and benefits? Bitcoin is what’s known as a “cryptocurrency,” a digital coin that buyers and sellers of goods and services can use to undertake transactions over the Internet…

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