11/12/2021
CNPD publishes new guidelines on cookies
Cookies can be used for different purposes, i.e. to recognize a user's language choice or the products that the user had placed in his/her basket during a previous shopping session.
Legal, Regulation & Compliance
11/12/2021
Wrongdoing by directors cannot be attributed to their company, Supreme Court rules
The court rejected the CPS’s argument that the company was debarred from claiming the assets on the grounds that this involved seeking to profit from the proceeds of crime.
11/12/2021
Failure to comply with pre-arbitration requirement to mediate a matter of admissibility, not jurisdiction
It held that the basis of challenge was a question of admissibility to be determined by the arbitrator, not an issue of jurisdiction falling within section 67.
11/11/2021
Ten Carey Olsen lawyers recognised as leading private client practitioners by Who's Who Legal
This recognition follows in the footsteps of Carey Olsen's trusts and private wealth practice
11/11/2021
Financial Services and Banking News
The consultation details the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it reflects the UK's position outside of the EU and remains fit for the future.
11/11/2021
Financial Regulation: Daily Update
The FCA will be sending out a survey to all general insurance and premium finance providers in January for firms to provide their first annual attestation.
11/11/2021
Daily Legal Update
The government’s response confirms that they intend to proceed with requirements in relation to COVID-19 vaccinations.
11/11/2021
General insurance value measures
This has been caused by ineffective competition between providers of insurance products and a lack of common measures of value.
11/11/2021
UK: Lloyd v Google – Game over for privacy class actions?
Together with the decisions in Rolfe and Warren (discussed below), it is likely significantly to curb some of the momentum that had been building around potential scope for opt-out claims in data breach cases.
11/11/2021
ICC opens consultation on draft global standards for Sustainable Trade and Trade Finance
The proposed ICC framework seeks to break through this complexity – recognising not only positive activity, but also guiding banks and corporates towards the use of best-practice standards.
11/11/2021
DLA Piper launches global, dedicated end-to-end Investment Management and Funds practice
DLA Piper has one of the largest investment management and investment funds practices in the world, with more than 250 lawyers with relevant experience and offices in all key global jurisdictions.
11/11/2021
European Parliament formally adopts EU public Country-by-Country Reporting
A breakthrough was achieved in February 2021 in the Council of the EU, as a result of certain countries changing their previous position and agreeing to support the proposal.
11/10/2021
Rishi Sunak unveils post-Brexit financial regulation proposals
Chancellor’s ‘once-in-a-generation’ plan emphasises focus on growth and global competitiveness
11/10/2021
Britain piles pressure on regulators to keep finance competitive after Brexit
"The government will also require both regulators to report on their performance against their growth and competitiveness objective on an annual basis."
11/10/2021
Financial Services and Banking News
For CCPs that are assessed as being systemically important, the BoE will perform an ‘informed reliance assessment’ to consider to what extent it is able to rely on home regulation and supervision
11/10/2021
FCA and Bank sign joint MoU with FMSB
The MoU sets out a high-level framework formalising the continuing cooperation between the FCA, the Bank and FMSB
11/10/2021
Financial Regulation: Daily Update
The consultation will inform a decision on whether to move into a ‘development’ phase which will span several years.
11/10/2021
Future regulatory framework – Treasury to reform regulation post-Brexit
The consultation proposes changing this principle to clarify that such growth should happen in a sustainable way that is consistent with the UK’s net zero commitments.
11/10/2021
Rhino is born! Three themes impacting merger review in the EU
In easy-to-understand graphs, Rhino shows that deals have been impacted by higher intervention rates, longer review periods and tougher remedies in the past decade.
11/10/2021
Non-Resident Directors of UK Companies visiting the UK
There are some harsh penalty rules and anyone with a UK subsidiary should be aware of the implications and be ready to make some changes.