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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

Aprix’s pricing software under scrutiny by Brazil CADE

November 21, 2024 | Maria Júlia Baumert

Latin America

The Brazilian competition authority is investigating Intelprice Soluções de Precificação (Aprix) and the Sindicato do Comércio Varejista de Derivados de Petróleo no Estado de Minas Gerais (Minaspetro) for alle... (more story)

Amazon opposes US FTC's demand for employee reviews, foreign probe documents

November 21, 2024

North America

MLex Summary: Amazon told a Washington federal judge that the US Federal Trade Commission’s request for all personnel reviews of 128 current and former employees would produce “irrelevant, highly sensitive mat... (more story)

GoDaddy CEO's Slack messages lack relevance to US antitrust suit, company says

November 21, 2024

North America

MLex Summary: The Slack messages of GoDaddy's top brass are unlikely to have any unique relevance to Enti's antitrust claims over website domain access, GoDaddy said in a motion for a protective order filed in... (more story)

Artificial Intelligence View More

Platforms' content moderation looks a future EU-US 'flashpoint' issue, privacy expert says

November 21, 2024 | Sara Brandstätter

Europe,North America

Content moderation by big social media platforms is shaping to be “the biggest flashpoint” for the new Trump administration in the US with the European Union, data privacy expert Jules Polonetsky today told a ... (more story)

EU debate over AI model training data should consider 'general interest,' legal expert says

November 21, 2024 | Matthew Newman

Europe

Society’s interest in developing artificial intelligence should be considered when European privacy regulators decide on whether general-purpose AI model training should be allowed to use personal data, law pr... (more story)

International AI safety network agrees ‘aspects’ for advanced risk assessment, collaboration

November 21, 2024

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

MLex Summary: The International Network of AI Safety Institutes has agreed on a set of “key aspects” for risk assessments of advanced AI systems. The members have agreed that risk assessments should be actiona... (more story)

Mergers and Acquisitions View More

BBVA offers commitments to address Spain's concerns over Sabadell deal

November 21, 2024

Europe

MLex Summary: Spanish bank BBVA says it has made “unprecedented” commitments to the national competition authority to ease competition concerns about its plan to buy rival Banco Sabadell. They include promises... (more story)

Brazil's CADE sets Nov. 27 ruling date for three gun-jumping cases

November 21, 2024

Latin America

MLex Summary: The Brazilian competition authority is set to rule on Nov. 27 on three gun-jumping cases. One involves the automotive industry and the other two concern the agriculture business. CADE will also r... (more story)

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)

Data Privacy and Security View More

UK data reform nurtures innovation but ensures safeguards to ensure EU adequacy, officials say

November 21, 2024 | Jakub Krupa and Sara Brandstätter

Europe

The UK's planned overhaul of data protection rules seeks to maintain high standards and safeguards while creating a framework "permissive enough" for innovation such as automated decision-making, the technolog... (more story)

EU Commission avoids significant delays in digital wallet with last-minute agreement

November 21, 2024 | Luca Bertuzzi

Europe

The first batch of technical specifications for the European digital wallet was adopted at a meeting with EU countries’ representatives today, the same day as the statutory deadline. The European Commission in... (more story)

Debate on UK 'Internet adulthood' bill to deepen with privacy watchdog providing views

November 21, 2024 | Jakub Krupa and Sara Brandstätter

Europe

The UK privacy watchdog will offer its views on protections for children's activities online to help inform lawmakers' debate around their use of smartphones, a senior official said. A lawmaker's bill that cou... (more story)

Financial Crime View More

Thales facing joint UK, French probe into suspected bribery

November 21, 2024 | Phoebe Seers and Martin Coyle

Europe

UK and French authorities have launched a joint bribery and corruption probe into French aviation and defense group Thales. The company has confirmed an investigation into four entities in UK and France. It is... (more story)

BSG boss Steinmetz loses Swiss appeal bid; vows to fight on

November 21, 2024 | Martin Coyle

Europe

BSG Resources boss Beny Steinmetz has lost his bid to overturn his bribery conviction in Switzerland today after jufges rejected his appeal. The mining boss was found guilty of paying millions of dollars in br... (more story)

Tornado Cash developer denied release from Dutch prison ahead of appeal bid

November 21, 2024 | Inbar Preiss and Martin Coyle

Europe

Tornado Cash developer Alexey Pertsev has been denied permission to be released from his prison by a Dutch court ahead of his appeal to overturn his conviction on laundering billions of dollars in crypto. The ... (more story)

Financial Services View More

UK financial sector's AI use constrained by data protection rules, regulators' survey shows

November 21, 2024 | Frank Hersey

Europe

UK financial services companies’ use of artificial intelligence is growing rapidly, although data privacy remains a key concern as a regulatory constraint, according to a survey by the UK central bank and fina... (more story)

Gazprombank sanctioned by US in push against Russian financial sector

November 21, 2024

North America

MLex Summary: The US Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Gazprombank, a conduit for Russia to pay its soldiers and purchase military materiel for its war effort against Ukr... (more story)

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)

Trade View More

Talks on EU deforestation law delay fail to find compromise, will need second round

November 21, 2024 | Oscar Pandiello

Europe

Plans for the EU’s Deforestation Regulation to be implemented a year later than planned remain in limbo after governments and lawmakers failed to agree on final wording and scope of changes to the proposal in ... (more story)

Europe must avoid new trade disputes, keep constructive relationship with US, ministers agree

November 21, 2024 | Laine Cibulskis

North America

Europe needs to prioritize constructive relations with the US, but still must be ready to respond to tariffs from the new administration under former and future President Donald Trump, European Union trade min... (more story)

US glass producer petitions for duty orders on Chinese, Malaysian float glass

November 21, 2024

North America

MLex Summary: US glass producer Vitro has petitioned the Commerce Department and the International Trade Commission to impose antidumping and antisubsidy duty orders on float glass products from China and Malaysia.

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

Polluting EU automakers should not be fined next year, center-right EPP set to say

November 21, 2024 | Stefano Porciello and Oscar Pandiello

Europe

EU automakers missing next year’s CO2 reduction goal should not be fined, the powerful center-right European People’s Party is set to say, according to a draft paper seen by MLex. The party also asks to revers... (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)

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)

Technology View More

X's content moderation to face questions from Dutch Green-Labor alliance amid TikTok layoff probe

November 21, 2024 | Júlia Tar

Europe

The Dutch Green-Labor party alliance in the Dutch Parliament is planning to raise questions about the lack of content moderation staff at X, MLex understands. The questions come as TikTok is facing an investig... (more story)

EU cybersecurity agency Enisa publishes report on impact of network and information systems law

November 21, 2024

Europe

MLex Summary: The EU's cybersecurity agency, Enisa, has highlighted the impact of NIS 2, or Network and Information Systems Directive 2, on cybersecurity spending and readiness. In a report published today, En... (more story)

Google-funded campaign needed to remedy search monopolization, Colorado AG says

November 21, 2024

North America

MLex Summary: A Google-funded public education campaign to inform consumers about "what Google did, why it is illegal, and what choices they actually have in search engines," is necessary to remedy the company... (more story)