Companies, governments, and individuals are using data to create new global sectors that depend on information economies of scale and scope and the free flow of information across borders. These new sectors need clear rules and exceptions to the rules governing cross-border data flows. At the...

Whenever there is a merger between two publicly held companies in the form of a stock transaction, the companies must provide a proxy-prospectus to their shareholders with enough information to vote on the proposed merger. The proxy-prospectus contains mandatory pro forma financial statements as...