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Specialist news and analysis on legal risk and regulation

Top News

Trade

November 21, 2024 | Joanna Sopinska

Europe

EU must hike import tariffs for Russian fertilizers, governments say
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

Antitrust View More

Mastercard, Visa investigated in Turkey over suspected exclusionary conduct

November 21, 2024

Middle East

MLex Summary: Mastercard and Visa are under investigation by the Turkish antitrust authority over whether they engaged in exclusionary practices in card scheme and digital wallet service markets. The watchdog ... (more story)

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)

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 planning to join them over the next three years, a report by the Bank of England and... (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

LetterOne considers appealing failed challenge to UK national-security asset-sale order

November 21, 2024 | Jon Menon

Europe

LetterOne, an investment firm founded by Russian oligarchs, may challenge an appeal ruling today that validated its forced sale of regional broadband provider Upp under the UK’s national security law. LetterOn... (more story)

LetterOne loses appeal over asset sale ordered under UK national security law

November 21, 2024

Europe

MLex Summary: Russian oligarch-backed investment firm LetterOne has lost its UK court appeal over the forced sale of a broadband provider, in the first challenge to a decision made under the UK’s national secu... (more story)

Chair Rosenworcel announces departure from US FCC

November 21, 2024

North America

MLex Summary: US Federal Communications Chair Jessica Rosenworcel announced she will depart the commission on January 20, the day President Donald Trump is set to take office.

Data Privacy and Security View More

Rosenworcel to depart US FCC in January, leaving agency in bipartisan deadlock

November 21, 2024 | Madeline Hughes

North America

US Federal Communications Commission Chair Jessica Rosenworcel announced today that she will leave the agency on Jan. 20 as President-elect Donald Trump takes office.

US DOJ seizes PopeyeTools illicit marketplace, charges administrators

November 21, 2024

North America

MLex Summary: The US Justice Department announced the seizure of PopeyeTools, an illicit website and marketplace dedicated to selling stolen credit cards and other tools for carrying out cybercrime and fraud. ... (more story)

UK will seek early meeting with new EU Commission on data adequacy, minister says

November 21, 2024 | Jakub Krupa

Europe

The UK government will seek an early meeting with incoming EU justice commissioner Michael McGrath to discuss the EU-UK data adequacy review ahead of its expiry next year, the UK technology minister said today... (more story)

Financial Crime View More

'Radical' change to UK deferred prosecution regime needed, says report

November 21, 2024

Europe

MLex Summary: UK companies shouldn't be guaranteed deferred prosecution agreements as part of a "radical" change in policy needed to crack down on corporate wrongdoing, a UK report said today. The Institute of... (more story)

Angola's Dos Santos and Ukrainian oligarch Firtash sanctioned under UK 'kleptocrats' crackdown

November 21, 2024 | Martin Coyle

Europe

Isobel Dos Santos, once known as Africa’s richest woman, and Dmitry Firtash, a Ukrainian oligarch accused of bribery, were both sanctioned by the UK government today as part of a dirty money crackdown. The mea... (more story)

NatWest exec reports mixed picture on UK payment frauds since new rules took force

November 21, 2024 | Martin Coyle and Phoebe Seers

Europe

"High-volume, low-value" payment frauds are slightly up, but more serious "fear-based" scams are down since UK banks and payment providers came under a new repayment regime six weeks ago, a NatWest executive s... (more story)

Financial Services View More

The EU should implement crypto law MiCAR before tweaking rules in the sector, lawmaker says

November 21, 2024 | Jean Comte

Europe

The EU should wait to see how the upcoming Markets in Crypto-Assets Regulation will be concretely applied, before thinking about tweaking EU rules in this sector, member of the European Parliament Ondrej Kovar... (more story)

UK cryptoasset regulatory framework will be implemented 'in full,' minister says

November 21, 2024 | Phoebe Seers

Europe

Plans set out last October to regulate cryptoasset activity in the UK will be implemented in full, the minister in charge of financial services confirmed today. The government will also implement a regulated a... (more story)

Pre-hedging definition and recommendations open for consultation by Iosco

November 21, 2024

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

MLex Summary: The International Organization of Securities Commissions published a consultation report on pre-hedging practices today. The document provides for a definition of pre-hedging and proposes a set o... (more story)

Trade View More

Aluminum extrusions from 14 countries don’t injure US industry, USITC determines

November 21, 2024

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

MLex Summary: The US International Trade Commission has determined that US industry is not materially injured by imports of aluminum extrusions from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia,... (more story)

US Commerce issues duty orders on Chinese, Japanese printing plates

November 21, 2024

Asia, North America

MLex Summary: The US Commerce Department has issued antidumping duty orders on aluminum lithographic printing plates from China and Japan, as well as an antisubsidy duty order on printing plates from China.

US Commerce to invest up to $300 million for semiconductor packaging

November 21, 2024

North America

MLex Summary: The US Commerce Department announced that it is entering negotiations to invest up to $300 million in advanced semiconductor packaging research projects.

State Aid View More

Cineca didn't receive Italian state aid, EU watchdog says

November 21, 2024

Europe

MLex Summary: Italian measures in favor of Cineca, a non-profit consortium, whose members include the Ministry of Education and Research as well as universities and institutions in the country, don't constitut... (more story)

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)

Energy View More

European, Chilean hydrogen associations to cooperate on clean hydrogen and trade

November 21, 2024

Europe

MLex Summary: Hydrogen Europe and the Chilean Hydrogen Association, H2 Chile, have signed a memorandum of understanding to foster industry cooperation on clean hydrogen deployment and trade. The partnership ai... (more story)

UK could look at flexibilities in zero-emission vehicle mandate

November 21, 2024 | Jakub Krupa

Europe

UK will look at flexibilities in the zero-emission mandate to help manufacturers meet its targets amid growing disconcert over the pace of Britain's transition to electric vehicles, the government suggested. T... (more story)

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)

Technology View More

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)

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)