Member News

Troutman Pepper | ‘More Privacy Please’ August Edition

Do you want a simple way to keep current on important privacy changes? Avoid sleepless nights wondering whether you missed a privacy speed bump or pothole between annual updates? Worry no longer. Troutman Pepper is pleased to offer More Privacy Please, a monthly newsletter recapping significant industry and legal developments, as well as trends in the areas of cybersecurity, information governance, and privacy. U.S. LAWS AND REGULATION Connecticut Passes Stronger Data Breach Notification and Cybersecurity. The Connecticut legislature recently enacted a...

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Member News

Noerr | EU Market Surveillance Regulation reshapes European product legislation – turning point for industry

As of 16 July 2021, market surveillance by authorities for non-food products will be fully harmonised in Europe. The new European Market Surveillance Regulation (EU) 2019/1020 (“MSR”) comprehensively regulates the procedure of Member State authorities for enforcing harmonised European product legislation for almost all non-food products in Europe. With the modern legislative instrument of the European regulation and broad scope covering more than 70 product-related harmonisation acts, the European legislator has eliminated previously existing national discretion in the structuring of market...

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Chapter News

Businesses: Phishing scheme targets unemployment benefits, PII

Have you or one of your employees received an alarming text message about unemployment insurance benefits from what seems to be your state workforce agency? You’re not alone. Identity thieves are targeting millions of people nationwide with scam phishing texts aimed at stealing personal information, unemployment benefits, or both. The phishing texts try to dupe the recipient to click a link to “make necessary corrections” to their unemployment insurance (UI) claim, “verify” their personal information, or “reactivate” their UI benefits account. The...

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Member News

Rand Insurance | 7 Top Risk Exposures When Entering the US Commercial Market

When creating the game plan to enter the US marketplace, governmental regulation, contractual compliance and managing risk need to be included in the strategic planning process.  The focus on regulation, compliance and risk primarily deals with mitigating exposure to lawsuits. The following are 7 top liability exposures when marketing and selling products and services to US and Canadian businesses and consumers. 1. General Liability The business owners package insurance policy is the cornerstone of most commercial insurance portfolios. It contains general...

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Member News

Portolano Cavallo | Cookies and tracking technologies: The key points of the new guidelines issued by the Garante (the Italian Data Protection Authority)

This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe | On June 10, 2021, the Italian Data Protection Authority (hereinafter the “Garante”) adopted a new version of its guidelines for cookies and other tracking mechanisms (hereinafter the “Guidelines”). The Guidelines replace the resolution dated May 8, 2014, that set out simplified methods for providing information and obtaining consent regarding cookies. That resolution had already been superseded by changes to the applicable legal framework, including the entry into force of the...

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Member News

Marks Paneth | What to Do When Your Data is Held Hostage? To Pay or Not to Pay?

Information is the lifeblood of our economy. It enables us to run our businesses more efficiently, to sell smarter and to innovate. In parallel, our digital economy has also revolutionized the business of cybercrime. Instead of stealing information and going to all the trouble of selling it or using it themselves, cyber thieves are holding our systems and data hostage and demanding ransom for their release. With ransomware, digital files are virtually stolen, and a monetary ransom is demanded in...

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Chapter News

ECB | How excess savings can shape the recovery

The implications of savings accumulated during the pandemic for the global economic outlook The coronavirus (COVID-19) pandemic has led to the accumulation of a large stock of household savings across advanced economies, significantly above what has historically been observed. Owing to their large size, the savings accumulated since early 2020 have the potential to shape the post-pandemic recovery. The central question is whether households will spend heavily once pandemic-related restrictions are lifted and consumer confidence returns, or whether other motives...

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Chapter News

ECB | Wage developments vary across sectors

The role of sectoral developments for wage growth in the euro area since the start of the pandemic The economic consequences of and policy responses to the pandemic pose challenges for interpreting wage developments. Aggregate wage growth is mostly assessed in terms of compensation per employee or compensation per hour worked. The coronavirus (COVID-19) pandemic has led to a substantial divergence between compensation per employee and compensation per hour. The high number of workers on job retention schemes played a decisive...

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Chapter News

U.S. FED | Speech by Governor Brainard on rebuilding the post-pandemic economy

Assessing Progress as the Economy Moves from Reopening to Recovery, Governor Lael Brainard at "Rebuilding the Post-Pandemic Economy" 2021 Annual Meeting of the Aspen Economic Strategy Group, Aspen, Colorado | The economy is reopening, consumer spending is strong, and hundreds of thousands of workers are finding jobs in the hard-hit leisure and hospitality sector each month. Pent-up demand has outstripped capacity in some sectors, as businesses that had pared back to survive the pandemic are encountering bottlenecks as they rehire...

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Chapter News

EU invests €122 million in innovative projects to decarbonise the economy

For the first time since the creation of the Innovation Fund, the European Union is investing €118 million into 32 small innovative projects located in 14 EU Member States, Iceland and Norway. The grants will support projects aiming to bring low-carbon technologies to the market in energy intensive industries, hydrogen, energy storage and renewable energy. In addition to these grants, 15 projects located in 10 EU Member States and Norway will benefit from project development assistance worth up to €4.4...

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