On May 27, 2020, the European Commission put forward its proposal for a European Recovery Plan (ERP) with a new EUR 750 billion funding via its financial recovery instrument, called the “Next Generation EU” which would be funded by borrowing on the financial markets. If approved by the Member States, Next Generation EU will invest EUR 500 billion through grants and EUR 250 billion through loans. This is additional to a ‘boosted and reinforced’ EUR 1.1…
Regulators have extensive resources at their disposal to enforce compliance with their laws and guidance – and an increasing number of companies conduct activities which are regulated, from data processing to selling to consumers. This article sets out our top tips for developing a constructive and effective global strategy for engaging with regulators. Click here to read on.
Click here to download. Data is an asset. Many of today’s successful companies are based on data-driven business models. Big tech businesses are naturally leading the way, but across all sectors businesses are under pressure to leverage or monetize data. Monetizing data can be done in various ways, such as personalizing products or services, making manufacturing or logistic processes more efficient, automating tasks and operations, engaging in targeted advertising and improving internal systems, just to…
In January 2019, the U.S. Department of Justice published an opinion declaring that the agency interprets the federal Wire Act, which prohibits certain types of betting businesses in the U.S., to apply to gambling activities outside of sporting events and contests. This essentially reverses the Department of Justice’s opinion in 2011 that the Wire Act only applies to sports gambling. Therefore, businesses involved in interstate gambling activities of any type, such as lotteries and casino…
The Federal Trade Commission (“FTC”) continues to bring enforcement actions against companies that engage in false advertising and deceptively enrolling consumers in ongoing sales plans without express informed consent – a practice known as “negative option” marketing.On October 24, 2018, the FTC announced that a federal district court in California temporarily enjoined three defendants and the companies they controlled from enrolling consumers in any ongoing sales plan without the consumer’s express informed consent. A negative…
On 23 March 2018 the German Commission for the Protection of Youth in the Media (KJM) released its long awaited official position on loot boxes. The KJM is the head regulator for youth protection in online media in Germany (including video games, apps, social casino, etc.). Whilst the KJM’s statement is non-committal it outlines that loot boxes can, under certain circumstances, violate youth protection laws. The KJM is not responsible for regulating gambling. Thus, potential…
The Italian gaming Regulatory Authority (Agenzia delle Dogane e dei Monopoli – ADM) has just launched a public tender for the award of up to 120 licenses for the setting-up and operation of online gaming platforms for the provision of the following games: (i) fixed odds and pool betting on sports, including horse races, and non-sports events, also simulated(ii) skill games with cash prizes (excluding lottery and other related games), including poker and other…
We are delighted to launch the results of our 2017 survey and provide our readers with a free copy. Simply click to download here.The results provide our updated cloud data, both identifying continuing trends and benchmarking contractual terms and conditions. This data is a valuable reference for providers and customers navigating the increasingly complex cloud marketplace. We also have very exciting new data on digital disruptions and transformations that are having enterprise-wide impacts on our…
The German legislator has, in principle, adopted the Network Enforcement Act (NEA) (in German: “Netzwerkdurchsetzungsgesetz”) which will impose stringent new obligations on social media platform providers in relation to unlawful content. This an attempt to more effectively combat fake news and hate speech. Click here for our detailed client alert.Who will the NEA apply to?The NEA will apply to, and impose obligations on, providers of social media platforms that have at least two million registered…