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The PCPD’s Softmedia investigation – a cautionary tale with recommendations going forward The Office of the Privacy Commissioner for Personal Data (the “PCPD”) recently completed its investigation into Softmedia, finding that it insecurely held personal credit data and improperly retained it. At a time when the PCPD is receiving an increasing...
IAIS consultation on the Insurance Capital Standard In June 2023, the IAIS launched its final public consultation on the global Insurance Capital Standard (“ICS”) before its proposed adoption as a prescribed capital requirement for Internationally Active Insurance Groups (“IAIGs”)...
The Banking Regulation Review - 14th Edition - International Initiatives Chapter This 14th edition of The Banking Regulation Review contains chapters on the UK and Hong Kong as well as on International Initiatives and an overview of the European Union. This chapter of the Banking Regulation Review summarises the most important...
The Banking Regulation Review - 14th Edition - EU Chapter This 14th edition of The Banking Regulation Review contains chapters on the UK and Hong Kong as well as on International Initiatives and an overview of the European Union. This chapter of the Banking Regulation Review provides an introduction to the...
The Banking Regulation Review - 14th Edition - United Kingdom Chapter This 14th edition of The Banking Regulation Review contains chapters on the UK and Hong Kong as well as on International Initiatives and an overview of the European Union. This chapter of the Banking Regulation Review describes the regulatory framework...
BLOG: Has the UK just reintroduced its 1.5% stamp duty charge on share issues? The short version: it seems that it has, with effect from 1 January 2024, as a result of the Retained EU Law (Revocation and Reform) Bill receiving Royal Assent on 29 June 2023. What is currently unclear is whether that is a deliberate policy choice or an...
Are minimum resale prices allowed? A fresh look at vertical price restraints in Hong Kong Many suppliers and distributors in Hong Kong often see some form of control over resale prices in their distribution contracts. In Hong Kong, the legality of vertical price restraints remains untested, and official guidance on resale price maintenance...
Acquisition Finance 2023 guide: UK chapter A guide to the key aspects of acquisition finance in the United Kingdom (England and Wales). This article includes recent market and legal developments, together with an overview of the debt structures typically used and documentation considerations under...
In the global race to regulate AI, will the EU get there first? As pressure to regulate AI continues to mount around the world, the European Parliament has approved its negotiating position for the EU AI Act, bringing the landmark piece of AI specific legislation one step closer.
Competition & Regulatory Newsletter: CMA provisionally finds that Hitachi/Thales merger raises competition concerns at Phase 2 On 8 June 2023, the Competition and Markets Authority (CMA) provisionally found that Hitachi Rail’s proposed acquisition of Thales’ ground transportation business could reduce competition in the supply of digital mainline and urban signalling...