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Kathy Harford

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A key part of the EU’s New Deal for Consumers entered into force on January 7, 2020: the Omnibus Directive, which strengthens consumer rights through enhanced enforcement measures and increased transparency requirements. The headline changes introduced by the new Directive are: GDPR-style penalties.A requirement for increased transparency online, in particular for search result rankings and personalized pricing.The extension of consumer rights to “free” digital content and services. EU Member States have two years to transpose…

An expert legal statement was published by the UK Jurisdiction Taskforce (UKJT, a taskforce of the UK’s Lawtech Delivery Panel) on recognising cryptoassets as property and smart contracts as enforceable agreements under English law. The two key takeaways: In principle, cryptoassets are to be treated as property under English law.A smart contract is capable of having contractual force. For more details, read the full article on Baker McKenzie’s dedicated blockchain blog.