Recently, the European Commission announced two new regulations, known as the Digital Services Act (DSA) and the Digital Markets Act (DMA). These regulations aim to set new rules governing the digital market in the European Union. According to the European Commission, the DSA is required to safeguard a digital space that respects Internet users' fundamental rights when using digital services. Furthermore, the legislators seek to establish a level playing field allowing further innovation, growth, and competitiveness in the digital sector. While the DSA introduces...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES New York: De Blasio to revive property tax reform At a state Senate hearing, de Blasio committed to restarting hearings on fixing the oft-derided system and...

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Let’s start this article with some interesting facts about Virtual Reality (VR). In 2020, Apple acquired a Virtual Reality event streaming company called NextVR. This company records events like shows and sports games in VR and develops its first headset to be launched in 2022. According to Bloomberg, this is a more ambitious augmented reality product that will present an interactive 3D digital environment for games, watching videos, and virtual communication.Tim Cook, Apple’s CEO, says that both VR and AR...

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Most employers are increasingly concerned about the retention of key and non-key employees. When an employee leaves, it can be expensive to replace them, not to mention the loss of productivity and knowledge. A recent study has shown that many currently employed workers are unhappy in their current position. Some of the primary reasons for this unhappiness are the general feeling of being unappreciated and the thought that the grass is greener elsewhere. Given this situation, some sectors may experience a...

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Technology facilitates remote work in ways that, years ago, just were not possible. Take telecommuting. These days, all kinds of jobs that had to be performed at an employer site are now performed remotely. Some call center workers, for example, now work from home using home telephones — no brick-and-mortar call center needed. Some secretaries now telecommute using laptops and the internet. Some teachers now teach remotely using laptops and video links. There are architects, doctors, lawyers and judges who, these...

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On January 18, 2021, the European Data Protection Board (EDPB), comprised of all national supervisory authorities (SAs) of the European Union, published draft guidelines for data breach notification1 (the Guidelines). The Guidelines provide useful insight into how regulators apply the General Data Protection Regulation (GDPR) personal data breach notifications rules. Specifically, they describe six common types of personal data breaches (i.e., ransomware, data exfiltration attacks, internal human risk, lost or stolen device and paper documents, misposted data, and social engineering attacks), and...

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Following weeks of mounting pressure on herself and the institution over her vaccine strategy and the fallout of the accidental almost-triggering of Article 16, European Commission President Ursula von der Leyen made her way to the European Parliament to defend herself. Speaking to Members of the European Parliament during this week’s hybrid plenary session, von der Leyen defended the fundamental approach agreed between her and all EU leaders mid-last year that all vaccines for the EU27 should be procured jointly...

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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 Regulations 2021 Washington Privacy Act Under Review in Senate Committee. Washington’s state legislature is again...

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by Giovanni Majnoni, Gabriele Bernardini, Andreas Dal Santo and Maurizio Trapanese | Andreas Dal Santo is Managing Director of Solidus Capital Group, a member of the EACCNY | This paper shows that the present European framework for bank crisis management in the Banking Union (BU) follows multiple criteria that, when applied in combination, can generate unintended consequences that undermine the effectiveness of the system, highlighting a case of fallacy of composition. The paper suggests that a piecemeal reform would not be...

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The ACM’s list of 2021 focus areas is out. Whereas the digital economy and the energy transition are repeats from last year, the effects of the COVID-19 crisis is a new, although somewhat unsurprising, designated focal point. In 2021, the ACM will launch a preliminary study into the effects of the COVID-19 pandemic on retail markets and set up best practices for closer collaborations in the healthcare sector. It will finalise its investigation into Apple’s app stores rules, and continue its investigation...

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