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Specialist news and analysis on legal risk and regulation

Top News

FTX's Gary Wang.

Financial Crime, Financial Services, Technology

November 20, 2024 | Samuel Rubenfeld

North America

FTX cooperator Wang avoids prison in ‘bookend’ to US fraud case

Trade

November 20, 2024 | Laine Cibulskis and Oscar Pandiello

Europe

EU countries endorse one-year delay for deforestation rules

Financial Services

November 20, 2024 | Sofia Gerace

Europe

UK car finance sector anxious about new regulation's inconsistencies, lobby says

Antitrust View More

IT equipment probe dropped in the Netherlands

November 21, 2024

Europe

MLex Summary: The Dutch antitrust authority has closed a probe into suspicious agreements between a large supplier of IT equipment and its distributors and retailers, which looked into sales prices. The regula... (more story)

Merger remedies approach to be reviewed by UK competition regulator

November 21, 2024

Europe

MLex Summary: Remedies to alleviate competition concerns arising out of merger deals are to be reviewed by the UK competition regulator, the watchdog's chief executive will say today in a speech. Sarah Cardell... (more story)

Madrigall abuses its relative market power over Payot for book imports, Swiss watchdog says

November 21, 2024

Europe

MLex Summary: French publishing group Madrigall must allow Swiss book trader Payot to directly import its books from France under the conditions in place in the country, the Swiss antitrust authority said. The... (more story)

Artificial Intelligence View More

75 percent of UK financial services firms using AI; data protection main barrier, BoE says

November 21, 2024

Europe

MLex Summary: Three quarters of UK financial services companies are using artificial intelligence, with a further 10 percent joining them over the next three years, finds a report by the Bank of England and th... (more story)

South Korea key parliamentary panel adopts unified AI framework law draft

November 21, 2024 | Choonsik Yoo

Asia

A key subcommittee of South Korea’s parliament has adopted a unified draft of what would become the country’s framework law on artificial intelligence governance, significantly increasing the likelihood of the... (more story)

South Korea privacy regulator eyes AI privacy assessment, biometric data-related rules by year-end

November 21, 2024

Asia

MLex Summary: South Korea’s privacy regulator plans to unveil final drafts of two important documents by the end of this year — an artificial intelligence privacy risk assessment and management model, and a re... (more story)

Mergers and Acquisitions View More

Synopsys-Ansys EU review gears up for in-depth investigation, first phase remedy offer expected by Dec. 9

November 21, 2024 | Natalie McNelis

Europe

Signs in the EU review of the Synopsys-Ansys deal indicate that the regulator is preparing for a second phase investigation of the acquisition in case expected remedies don't suffice to resolve its concerns. T... (more story)

Liberty Media's takeover of Dorna Sports open for feedback in EU

November 21, 2024

Europe

MLex Summary: Parties interested in Liberty Media's plans to acquire sole control of Dorna Sports now have ten days to provide comments to the European Commission. Dorna Sports is the organizer and exclusive c... (more story)

Carlyle-Baxter among deals unconditionally cleared in China Oct. 28 - Nov. 3

November 20, 2024

Asia

MLex Summary: Financial services company Carlyle Group's acquisition of Baxter's kidney-care segment; a joint venture between LG Chemical and mobility-transformation company Enilive; and Danish transport group... (more story)

Data Privacy and Security View More

Nautical Club of Vouliagmeni faces Greek GDPR fine

November 21, 2024

Europe

MLex Summary: The Nautical Club of Vouliagmeni has been fined 56,000 euros by the Hellenic Data Protection Authority for violating the EU's General Data Protection Regulation. The club was found to have breach... (more story)

Major social media platforms under more scrutiny as Japan clarifies takedown rules

November 21, 2024 | Sachiko Sakamaki

Asia

Japan's telecom regulator today proposed draft rules to implement an amended law requiring operators of social media to be responsible for removing harmful content. Influential social media platforms, such as ... (more story)

Large social media to be targeted by Japanese rules on harmful content

November 20, 2024

Asia

 MLex Summary: Japan's telecom regulator has proposed draft rules to implement an amended law that requires operators of social media and other platforms distributing user-generated content to be responsible f... (more story)

Financial Crime View More

Purchase scams most commonly reported APP fraud, UK regulator says

November 21, 2024

Europe

MLex Summary: Most UK consumers – 61 percent – reporting authorized push purchase, or APP, fraud have fallen victim to purchase scams, the Payment Systems Regulator said today. Delivery and investment scams we... (more story)

Four charged with fraud over failed UK credit union

November 21, 2024

Europe

MLex Summary: The UK financial watchdog has charged four directors with conspiracy to commit false account and three of them with fraud over a failed credit union. The Financial Conduct Authority said that Ter... (more story)

Billionaire founder of Adani Group charged in US over $250 million bribe scheme

November 20, 2024 | Samuel Rubenfeld

North America

Gautam Adani, a businessman with a reported net worth of nearly $70 billion, was charged by US federal prosecutors with participating in a scheme to pay more than $250 million in bribes to Indian officials to ... (more story)

Financial Services View More

Basel committee calls for full, timely implementation of Basel III framework

November 21, 2024

Africa, Asia, Europe, Latin America, Middle East, North America, Oceania

MLex Summary: The members of the Basel Committee on Banking Supervision called for the implementation of the Basel III framework "in full, consistently and as soon as possible," in a meeting this week. The com... (more story)

ECB's Banca Carige administration decision should be annulled, opinion for EU's top court says

November 21, 2024

Europe

MLex Summary: The European Central Bank's action in 2019 to place Italian bank Banca Carige under temporary administration should be annulled, a non-binding opinion for the EU's top court said today. Advocate ... (more story)

UK car finance industry consulted on deadline extension for resolving commission complaints

November 21, 2024

Europe

MLex Summary: The UK car finance industry has been asked for feedback on two options for extending the time they have to provide final responses to complaints over non-discretionary commission arrangements. Th... (more story)

Trade View More

Chinese fused alumina imports probed over possible dumping in EU

November 21, 2024

Europe

MLex Summary: Imports of fused alumina from China into the bloc are the subject of a fresh probe opened by the European Commission to find out whether the products have been unfairly dumped, to the detriment o... (more story)

Chinese solar firms were rightly removed from deal to avoid duties, EU judges rule

November 20, 2024 | Joanna Sopinska

Europe

Chinese solar-panel makers Wuxi Suntech Power and Zhejiang Sunflower have lost legal challenges over EU decisions to withdraw them from a price undertaking that allowed them to dodge punitive duties by observi... (more story)

US Commerce amends dumping rate for Indian pipe and tube exporter

November 20, 2024

North America

MLex Summary: The US Commerce Department issued a notice that it has amended the dumping rate for Indian steel pipe and tube exporter Garg Tube to 4.25 percent. The notice followed a final Court of Internation... (more story)

State Aid View More

Romania's aid to energy-intensive companies wins approval in EU

November 21, 2024

Europe

MLex Summary: Romania has won state aid approval for its plan worth 578 million euros to fund the reduction of a power levy rate for energy-intensive businesses, which promotes electricity from renewable sourc... (more story)

ICG and Imanes file change in control of Picard for EU foreign subsidy review

November 19, 2024 | Natalie McNelis

Europe

Intermediate Capital Group and Imanes have sought EU foreign-subsidy clearance for a change in control over French frozen food retailer Picard. The European Commission has until Dec. 19 to decide on the deal, ... (more story)

Romanian aid to back coal exit wins EU Commission approval

November 15, 2024

Europe

MLex Summary: Romania has secured clearance for its plans to grant 790 million euros in public support to Societatea Complexul Energetic Valea Jiului to help it cover the costs arising from the shutdown of fou... (more story)

Energy View More

European, Indian hydrogen associations announce partnership

November 20, 2024

Asia, Europe

MLex Summary: Hydrogen Europe and the Green Hydrogen Association (GH2 India) signed a Memorandum of Understanding today to boost collaboration and promote the hydrogen sector across both regions. This partners... (more story)

Imerys Aluminates Group loses ETS damage claim at EU court

November 20, 2024

Europe

MLex Summary: Imerys Aluminates Group, a French multinational producer of industrial minerals, lost its legal dispute at the EU’s General Court against the European Commission over the commission's adoption of... (more story)

Energy regulator would split from competition watchdog under new Australian law

November 19, 2024

Oceania

MLex Summary: Australia’s energy regulator is set to split from the antitrust regulator under legislation introduced to parliament today designed to modify the competition law to bring about the changes. The l... (more story)

Technology View More

Apple tells US judge DOJ's smartphone-monopoly suit is nothing like Microsoft case

November 21, 2024 | Khushita Vasant

North America

Apple told a US federal court today that the Department of Justice and multiple states suing the iPhone maker for allegedly monopolizing the smartphone market are seeking to evade well-established Supreme Cour... (more story)

Google condemns US DOJ's remedy proposal, 'interventionist' agenda in search-monopoly suit

November 21, 2024

North America

MLex Summary: Google said the US Department of Justice's "staggering" remedy proposal in the search monopolization lawsuit would hurt consumers and America’s global technological leadership as it that seeks "d... (more story)

Google must fully divest Chrome, optionally divest Android, US DOJ says

November 20, 2024

North America

MLex Summary: Google must "promptly and fully" divest its Chrome browser to a buyer approved by the US Department of Justice and a Colorado-led coalition of states to remedy the illegal monopoly it holds in th... (more story)