In a much-anticipated move, the Polish Competition Authority's (PCA) revised guidelines on the criteria and procedure for notifying the intention of a concentration (Guidelines) have clarified the criteria for mandatory merger…
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/ Antitrust & Trade Regulation, International Law & Trade, Mergers & Acquisitions
The European Commission has adopted a Commission Delegated Regulation supplementing the EU Digital Operational Resilience Act with regard to Regulatory Technical Standards on harmonization of conditions enabling the conduct of…
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/ Administrative Law, Finance & Banking, International Law & Trade, Science, Computers, & Technology
Companies deploying high-risk artificial intelligence (AI) systems must prepare to navigate a complex landscape of new obligations by August 2, 2026. In this post we explain the key obligations for providers and deployers of…
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/ Business Organizations, Commercial Law & Contracts, Consumer Protection, International Law & Trade, Science, Computers, & Technology
The U.K. Financial Conduct Authority has published a speech by Graeme Reynolds, director of competition on addressing vulnerability in the wealth management sector. Mr Reynolds discusses the good and bad practices that have been…
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/ Consumer Protection, Finance & Banking, International Law & Trade, Securities Law
The European Banking Authority launched a consultation on draft Regulatory Technical Standards on the treatment of structural foreign exchange positions under Article 104c of the EU Capital Requirements Regulation and on…
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/ Finance & Banking, International Law & Trade, Science, Computers, & Technology, Securities Law
The draft Building Societies Act 1986 (Modifications) Order 2024 has been published, together with an explanatory memorandum. The Order amends Parts 7 and 8 of the Building Societies Act 1986 to assimilate the law relating to…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, International Law & Trade
The Committee on Payments and Market Infrastructures has published two reports to the G20 that offer key insights and recommendations on the interlinking and interoperability of payment systems to enhance cross-border payments…
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/ Finance & Banking, International Law & Trade, Science, Computers, & Technology
The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024 has been published, together with an explanatory memorandum. The Order amends section 7(10) and (11) of the Building Societies Act 1986 to…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, International Law & Trade
The Basel Committee on Banking Standards has published a progress report on the 2023 banking turmoil and liquidity risk. The report, requested by the G20 Brazilian Presidency, provides an update on the Basel Committee's…
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/ Business Organizations, Finance & Banking, International Law & Trade
On October 22, 2024, the SEC announced that it had entered into settlements with four separate companies for making allegedly misleading disclosures about how they were impacted by the SolarWinds data breach in 2019. The SEC’s…
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/ Business Organizations, Business Torts, Science, Computers, & Technology, Securities Law
On Wednesday, the UK Government published its new Data (Use and Access) Bill with a promise that it will ‘harness the enormous power of data to boost the UK economy by GBP10 billion’ and ‘unlock the secure and effective use of…
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/ Business Organizations, Privacy, International Law & Trade, Science, Computers, & Technology
Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions.
TPR publishes pensions scam case studies -
The Pensions…
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/ Finance & Banking, International Law & Trade, Labor & Employment Law
On October 24, 2024, the Federal Circuit issued a precedential opinion that may have implications for litigation involving standard essential patents (SEPs). Telefonaktiebolaget LM Ericsson v. Lenovo (United States), Inc., No…
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/ Intellectual Property, International Law & Trade, Science, Computers, & Technology
On October 16, 2024, Judge David Barlow of the United States District Court for the District of Utah granted defendants’ motion to dismiss plaintiff’s claims that nine defendants (specifically, sellers, distributors, and…
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/ Antitrust & Trade Regulation, Business Organizations, Business Torts, Consumer Protection
In a significant ruling (dated 9 September 2024), The Hague District Court (Court) has sided with Bunq B.V. (Bunq), dismissing part of the customer's GDPR access request. This decision highlights that a financial entity’s…
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/ Antitrust & Trade Regulation, Finance & Banking, Privacy, International Law & Trade, Science, Computers, & Technology