Expert Analysis

• New UK Offense Will Help Law Firms Tighten AML Compliance

  

  By allowing for larger fines and introducing a failure to prevent fraud offense, the Economic Crime and Corporate Transparency Bill, currently passing through Parliament, will further motivate law firms to improve their anti-money laundering compliance process, says Richard Simms at AMLCC.

• US-EU Plan On AI Illustrates Differing Opinions On Regulation

  

  While the recently announced U.S.-EU voluntary code of conduct for artificial intelligence demonstrates a commitment to deliberate management of the technology, differing views on AI regulation in both regions — and globally — highlight the challenges of achieving a universal solution, say attorneys at Dechert.

• 5 Things To Know About The European Data Act

  

  While the recently adopted European Data Act creates a framework for a single data market, unlocking new economic potential, the EU law raises complex data access and protection issues, say lawyers at Latham.

• EU Ruling Sets Antitrust Analysis For Vertical Price-Fixing

  

  The European Court of Justice's recent ruling in Super Bock v. Autoridade da Concorrência marks a significant step forward by introducing well-established EU competition law principles in the context of vertical price-fixing agreements, and seems to align with the U.S. approach, say lawyers at McDermott.

• The Challenges Ahead For The New SFO Director

  

  As the first nonlawyer to be appointed director of the U.K. Serious Fraud Office, it is clear that Nick Ephgrave will face many significant challenges in his new role, and his priority should be to ensure he has a trusted senior management team to support him, say Louise Hodges and Phil Taylor at Kingsley Napley.

• The Importance Of A Proactive Approach To Workplace Safety

  

  Two recent Crown Court cases regarding gross negligence manslaughter highlight the costs of failing to prioritize safety at work, which should act as a catalyst for companies to review and update their health and safety policies, say lawyers at Fieldfisher.

• Report On UK Investment Act Offers Welcome Insights

  

  The U.K. government's recent report on the National Security and Investment Act's first full year of operation is to be applauded for disclosing more information on the act's notification system than was required, enabling a better understanding of what has taken place and what the next year may hold, say Andrea Hamilton and Ajal Notowicz at Milbank.

• Loot Box Regulation In Europe Could Benefit From Reform

  

  In light of recent court rulings concerning video game loot boxes, authorities across Europe are taking increasing note of this mechanism, yet with a coordinated approach, appropriate regulations and a focus on enforcement, there is no need to issue a ban, say Elia Kim and Hazal Kirci at Simmons & Simmons.

• Preparing For M&A Under The Foreign Subsidies Regulation

  

  The EU Foreign Subsidies Regulation introduces requirements that companies operating in the region must consider in M&A transactions, and any foreign financial contributions received by a target should be checked during the due diligence stage, with specific provisions for commission approval if a notification requirement is triggered, say Hendrik Viaene and Stéphane Dionnet at McDermott.

• Important Generative AI Considerations In M&A

  

  The recent surge of interest in generative artificial intelligence and its use of machine learning algorithms means there are novel concerns as well as inherent risks for those engaging in M&A activity, and acquirers should pay careful attention to a target’s scope of ownership and licensing rights, say attorneys at Davis Polk.

• Why Data Protection Compliance May Cost The Environment

  

  Companies thinking about environmental, social and governance goals may conclude that using good data ethics is a win-win, but aligning data protection principles and carbon footprint reduction is not always straightforward and compliance efforts may be a trade-off between privacy, opportunity and the environment, says Alice Wallbank at Shoosmiths.

• Pension Trustee Case Could Lead To Fossil Fuels Divestment

  

  While the recent Court of Appeal case McGaughey v. Universities Superannuation Scheme attempts to link fossil fuel investment by trustees to significant risk of financial detriment, it is concerning that two out of 470,000 scheme members could be permitted to bring a claim without ensuring that other members are represented, says Anna Metadjer at Kingsley Napley.

• Outbound Screening May Be Next EU Investment Control Step

  

  Following the European Commission’s recent commitment to reduce dependence on third countries by developing an outbound investment review mechanism, it will be interesting to see whether member states will take a united stand or whether national security interests will trump such an approach, say Christoph Barth and Neil Hoolihan at Linklaters.

• Barclays Ruling Narrows Banks' Fraud Recovery Duty

  

  The U.K. Supreme Court's recent ruling in Philipp v. Barclays decided against the so-called Quincecare duty's application in authorized push payment fraud, shining light on how banks should balance their responsibility to follow customers' instructions against making reasonable inquiries, say lawyers at Ontier.

• Green Loans May Be Hungary's Path To Sustainable Financing

  

  Fueled by a rising trend in the use of green loans, Hungary is making impressive progress in its journey toward achieving a net-zero future, although the development of social and sustainability-linked loans is still a work in progress, say Gergely Szalóki and Bálint Bodó at Schönherr.