An increasing number of commercial and business-related disputes are being heard by the European Court of Justice (ECJ) up 20% in the last year to 423, compared to 352 in 2014, according to research from the Legal Business of Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. However, the Brexit […]
This week, Eurojust and the European Union Intellectual Property Office (EUIPO) signed a Memorandum of Understanding (MoU) to further expand the existing fruitful collaboration to support European prosecutors working with cases concerning violations of intellectual property rights (IPRs). The MOU, signed at Eurojust headquarters in The Hague (Netherlands), will enable the further development of specific […]
The US Government has been intentional about requesting authority access to the firm’s servers abroad, but a court has now ruled this cannot be forced. In what now sets a precedent for privacy protection in the sector of cloud computing and data services, the US Department of Justice (DOJ) will not be allowed to access […]
This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "We have approved the new EU-U.S. Privacy Shield today. It will protect […]
New regulatory requirements under the fourth EU Money Laundering Directive (MLD4) will encompass more sectors than ever before. Regardless of the UK’s EU membership, any company providing financial services in the EU will need to comply. John Marsden, Head of ID and Fraud at Equifax, comments on the importance of these new rules and how […]
Kidnapping in the 21st century has taken a new form - companies' valuable data. Hackers gain access to data through a company's server or emails and either threaten to disclose it - known as data ransoming - or make it inaccessible with ransomware, a type of malware that can quickly infiltrate and lock down a […]
The 4th Anti-money Laundering Directive There’s been a significant number of developments in this space in recent months. We’ve posted articles about the 4th Anti-money Laundering Directive, and a series of related issues. UK legislation to implement the Directive via new Money Laundering Regulations should be in place before June 2017, if not before the end of the year. There […]
The Court of Appeal has upheld the High Court’s landmark 2014 decisions in Cartier [1] to grant an injunction against internet service providers which required them to block access to certain websites which sell counterfeit goods. The claimants (together ‘Cartier’), are the owners of trade marks for CARTIER and MONTBLANC (used for luxury watches and […]
"The surprising Brexit results, coming after recent polls indicated that a majority of UK citizens were in favour of remaining in the European Community, will now likely create several headwinds for US banks. We now see a further decline in long-term US interest rates, a stronger US Dollar, and low probability that the Fed will […]
Speaking before an audience of over 200 senior managers from across the financial services sector, experts from leading international law firm Simmons & Simmons and Henley Business School agreed that reform of the Data Protection Act 1998 is still on the cards following the UK’s historic vote to leave the EU, although they stopped short […]
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