Robles has a different view of the Year 2000
debacle now commonly described as Y2K.
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.
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.
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:
of Officers and Directors
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.
of Risk Exposure
of Warranty and Indemnity Contracts
keep you posted on the latest Y2K
developments in the Philippines
and worldwide on this page and in our