05 Jul
Chapter News

Sneak peek: how the EU Commission will enforce the DSA & DMA – Blog of Commissioner Thierry Breton

Today marks a historic moment in digital regulation with the landslide vote by the European Parliament adopting the Digital Services Act (DSA) and Digital Markets Act (DMA) which I have been working on together with my teams from the very first day of my mandate. These two Acts, agreed upon in record time, have resonated around the world as landmarks – with front-page media coverage in many countries and even high-level political acknowledgements including by a former US President. The EU is the first jurisdiction in the...

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01 Jul
Member News

Vulcan Insight | EU plans for new cars to be emission-free by 2035

For years, politicians across the EU have been discussing phasing out cars with internal combustion engines within the EU’s borders. On Wednesday, the EU environment ministers were in Luxembourg to discuss big parts of EU’s key climate legislation of the ‘Fit for 55’ package. After wrestling for more than 16 hours, the Council finally agreed: From 2035, new cars in the EU should be emission-free. EU states have now spoken out in favor of reducing the so-called fleet limits for cars to...

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01 Jul
Chapter News

IMF | Capital Markets Regulation Is Stronger, but Some Gaps Still Must be Closed

'Countries have made substantial progress toward implementing capital markets regulatory reform, but important gaps remain and new challenges have raised the bar.' Capital markets are like engines that help power the global economy: they perform best with regular tune-ups. In this spirit, the major regulatory overhaul following the global financial crisis was aimed at shoring up key segments, from over-the-counter derivatives to investment funds and market infrastructure, closing fault lines revealed by the crisis. But now, even after historic enhancements...

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01 Jul
Member News

Troutman Pepper | FTC Requires Divestitures in Gasoline Terminal Deal

The FTC is increasingly focused on competition in gasoline and fuel markets and has “redoubl its commitment” to “aggressive antitrust enforcement” in these areas. The most recent example of this renewed commitment came earlier this month with the announcement of a consent agreement, requiring the divestiture of petroleum terminals in two states. The proposed transaction involved petroleum terminal and pipeline companies and the acquisition of 26 light petroleum product terminals largely located in the Southeast for approximately $435 million. The...

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01 Jul
Member News

Portolano Cavallo | Google Analytics: The Italian Data Protection Authority banned processing without the implementation of adequate safeguards for transferring personal data

This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe | On June 9, 2022, the Italian Data Protection Authority (Garante per la protezione dei dati personali – “Garante”) issued a decision banning the use of Google Analytics without implementation of adequate additional safeguards. The decision is in line with the position of other EU supervisory authorities (including the French CNIL). It came in response to a claim against Caffeina Media S.r.l. (the “Company”) arguing that the use...

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30 Jun
Chapter News

2022 Strategic Foresight Report: twinning the green and digital transitions in the new geopolitical context

The Commission has today adopted the 2022 Strategic Foresight Report – “Twinning the green and digital transitions in the new geopolitical context”. As we prepare to accelerate both transitions, the report identifies ten key areas of action with the objective of maximising synergies and consistency between our climate and digital ambitions. By doing so, the EU will strengthen its cross-sector resilience and open strategic autonomy, and be better prepared to face new global challenges between now and 2050. Maroš Šefčovič,...

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30 Jun
Brexit News, Member News

Steptoe & Johnson | Divergence or Re-brand? The UK Government Reveals More Information about its Proposals for a New Data Protection Regime Post-Brexit

On June 17, 2022, the United Kingdom (UK) government published its response to its consultation on reforms to the UK’s data protection laws. In effect, the response describes the extent to which the UK government intends to deviate from the General Data Protection Regulation (GDPR) in a post-Brexit world. In summary, rather than radical divergence from the GDPR, the proposals largely move the focus from process to outcomes. While the changes may not be radical, they inevitably add to...

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29 Jun
Chapter News

G7 Leaders’ Communiqué – Executive summary

We, the Leaders of the Group of Seven (G7), met in Elmau, Germany, on 26-28 June 2022, were joined by the Leaders of Argentina, India, Indonesia, Senegal and South Africa, as well as Ukraine. At a time when the world is threatened by division and shocks, we, the G7, stand united. We underscore our resolve to, together with partners, jointly defend universal human rights and democratic values, the rules-based multilateral order, and the resilience of our democratic societies. In doing...

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29 Jun
Chapter News

FTC alleges fraudsters used Walmart’s money transfer services to bilk consumers – while Walmart looked the other way

Millions of Americans look to Walmart as their go-to place to pick up essentials. According to a complaint filed by the FTC, among the people who have come to rely on Walmart for their day-to-day needs are fraudsters who have allegedly used the retail giant’s money transfer services to bilk consumers out of millions of dollars. The FTC lawsuit charges that Walmart’s practice of looking the other way in the face of massive fraud and illegal telemarketing transactions violates...

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29 Jun
Member News

Exeo Attorneys | Immigration Canada – Special Bulletin

EB-5 regional centers officially reauthorized after preliminary injunction reverses USCIS’ decision to deauthorize all regional centers On Friday, June 24, 2022, the Federal Court in the Northern District of California granted a preliminary injunction to stop United States Citizenship and Immigration Services (USCIS) from requiring all regional centers to seek redesignation. In April 2022, USCIS announced that all regional centers authorized under the previous EB-5 legislation would be required to re-apply for designation under the new law before they could receive investments...

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