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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

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)

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)

Artificial Intelligence 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)

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)

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

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)

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)

Financial Crime View More

Azure Power acknowledges US corruption charges, notes ongoing cooperation

November 21, 2024

North America

MLex Summary: In a statement, Azure Power acknowledged US charges against former company directors, officers and third parties, and said the company has been and continues to cooperate with US authorities. "Th... (more story)

Adani Group denies wrongdoing in US bribery case

November 21, 2024

North America

MLex Summary: An Adani Group statement said US allegations against directors of the conglomerate's renewable energy firm, Adani Green, "are baseless and denied." The company will seek all possible legal recour... (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)

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

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.

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.

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

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)

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)

Technology View More

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.

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)