This is the fifth in a series of articles in which Christopher Hamel-Smith addresses some of the key legal issues arising out of the Y2K challenge. They were written in order to make a contribution to the Trinidad & Tobago business community’s efforts to prepare for the transition into the Year 2000 and to manage the associated risks. Forming part of a broader series on "Information Technology and the Law" by the same author, these articles were first published in the "Business Guardian" over the period June 10, 1999 to September 9, 1999.
Many businesses are being inundated with questionnaires about their Y2K status. You need to make a number of important business judgements about how to handle these. To which do you respond? What and how much do you say? And how do you say it? Unfortunately, there is no simple solution. However, there are a few practical tips that can help in making judgements about these Y2K communications and in managing the legal risks that they pose.