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Specialist news and analysis on legal risk and regulation

Top News

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

Financial Services

November 20, 2024 | Sofia Gerace

Europe

UK car finance sector anxious about new regulation over inconsistencies, lobby says

Antitrust View More

Google must fully divest Chrome, optionally divest Android, US DOJ says

November 20, 2024

North America

MLex Summary: Google must "promptly and fully" divest its Chrome browser to a buyer approved by the US Department of Justice and a Colorado-led coalition of states to remedy the illegal monopoly it holds in th... (more story)

South Korea's KFTC fines companies a total of $21 million for colluding on newsprint prices

November 20, 2024 | Wooyoung Lee

Asia

Three South Korean paper companies — Jeonju Paper, Daehan Paper and Paper Corea — have been fined a total of 30.5 billion won ($21 million) by the country’s competition regulator for colluding to raise newsprint prices.

China auto dealers adopt self-regulatory antitrust convention

November 20, 2024

Asia

MLex Summary: The China Automobile Dealers Association has introduced a self-regulatory antitrust convention, effective Nov. 6, according to a statement issued by the association. The rules prohibit members fr... (more story)

Artificial Intelligence View More

Mandatory testing of AI systems needed soon, Anthropic CEO tells safety experts

November 20, 2024 | Amy Miller

North America

Mandatory safety testing of powerful artificial intelligence systems will be needed in the next year or so, Anthropic co-founder Dario Amodei told an international gathering of safety experts in San Francisco.... (more story)

US appeals court debates liability for AI background checks

November 20, 2024 | Madeline Hughes

North America

Three US judges today questioned whether the operators of an artificial-intelligence-powered rental screening system – rather than the landlord – could be held liable for violating fair housing laws.

Report finds potential discrimination against disabilities in digital hiring assessments

November 20, 2024

North America

MLex Summary: A report by the Center for Democracy and Technology on the impact of digital hiring assessments — such as AI-powered assessments and other automated employment decision systems — on disabled work... (more story)

Mergers and Acquisitions View More

Carlyle-Baxter among deals unconditionally cleared in China Oct. 28 - Nov. 3

November 20, 2024

Asia

MLex Summary: Financial services company Carlyle Group's acquisition of Baxter's kidney-care segment; a joint venture between LG Chemical and mobility-transformation company Enilive; and Danish transport group... (more story)

NewJF's buyout of Greatview approved by China's SAMR

November 20, 2024 | MLex Staff

Asia

The planned buyout of Greatview Aseptic Packaging, a Chinese packaging-materials supplier, by its rival Shandong NewJF, has been approved by China’s top merger control regulator. Greatview disclosed that earli... (more story)

EasyPark wins French nod to buy Flowbird, watchdog says

November 20, 2024

Europe

MLex Summary: EasyPark’s planned acquisition of Flowbird Group has received unconditional approval by France's Autorité de la Concurrence, the office said today. The watchdog focused its review on the upstream... (more story)

Data Privacy and Security View More

Large social media to be targeted by Japanese rules on harmful content

November 20, 2024

Asia

 MLex Summary: Japan's telecom regulator has proposed draft rules to implement an amended law that requires operators of social media and other platforms distributing user-generated content to be responsible f... (more story)

Mobile apps' 'forced' accounts prompt French privacy watchdog to seek EU antitrust input

November 20, 2024 | Matthew Newman

Europe

The French privacy watchdog says it has asked EU competition enforcers to look at how to deal with mobile web apps that force users to create accounts to access their services, such as buying movie tickets. Th... (more story)

LinkedIn challenges EUR310 million GDPR fine in Irish court

November 20, 2024 | Jakub Krupa

Europe

Microsoft-owned platform LinkedIn has appealed an Irish decision and 310 million-euro fine over the company’s processing of personal data for the purposes of targeted advertising and behavioral analysis, MLex ... (more story)

Financial Crime View More

Billionaire founder of Adani Group charged in US over $250 million bribe scheme

November 20, 2024 | Samuel Rubenfeld

North America

Gautam Adani, a businessman with a reported net worth of nearly $70 billion, was charged by US federal prosecutors with participating in a scheme to pay more than $250 million in bribes to Indian officials to ... (more story)

North Carolina US prosecutor launches illicit finance task force

November 20, 2024

North America

MLex Summary: Michael F. Easley, Jr., US attorney for the Eastern District of North Carolina, announced efforts to combat transnational money laundering, including the creation of the Illicit Finance Task Forc... (more story)

Indian energy executives sued by US SEC for bribery scheme

November 20, 2024

North America

MLex Smmary: The US Securities and Exchange Commission filed civil complaints against Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global ... (more story)

Financial Services View More

Archegos founder sentenced to 18 years in prison in US for market manipulation

November 20, 2024 | Samuel Rubenfeld

North America

Sung Kook “Bill” Hwang, owner of the private investment firm Archegos Capital Management, was sentenced today to 18 years in prison for engaging in a market manipulation scheme that led to the firm’s collapse ... (more story)

European Supervisory Authorities release guidance on information system

November 20, 2024

Europe

MLex Summary: The European Supervisory Authorities — the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority — published the... (more story)

BIT Mining discloses US bribery resolution to investors

November 20, 2024

Asia, North America

MLex Summary: In a disclosure to investors, BIT Mining reported its recent settlement with the US government over violations of the Foreign Corrupt Practices Act. 

Trade View More

Chinese solar firms were rightly removed from deal to avoid duties, EU judges rule

November 20, 2024 | Joanna Sopinska

Europe

Chinese solar-panel makers Wuxi Suntech Power and Zhejiang Sunflower have lost legal challenges over EU decisions to withdraw them from a price undertaking that allowed them to dodge punitive duties by observi... (more story)

US Commerce amends dumping rate for Indian pipe and tube exporter

November 20, 2024

North America

MLex Summary: The US Commerce Department issued a notice that it has amended the dumping rate for Indian steel pipe and tube exporter Garg Tube to 4.25 percent. The notice followed a final Court of Internation... (more story)

US Commerce issues duty orders on Russian ferrosilicon

November 20, 2024

Asia, Europe, Latin America, North America

MLex Summary: The US Commerce Department has has issued antidumping and antisubsidy duty orders on ferrosilicon from Russia.

State Aid View More

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)

Romanian aid to back coal exit wins EU Commission approval

November 15, 2024

Europe

MLex Summary: Romania has secured clearance for its plans to grant 790 million euros in public support to Societatea Complexul Energetic Valea Jiului to help it cover the costs arising from the shutdown of fou... (more story)

Poland's 2021-2025 universal service compensation to Poczta Polska wins EU nod

November 15, 2024

Europe

MLex Summary: Poland has received European Commission approval for its plans to compensate State-owned postal operator Poczta Polska with around 865 million euros for its universal service obligation covering ... (more story)

Energy View More

European, Indian hydrogen associations announce partnership

November 20, 2024

Asia, Europe

MLex Summary: Hydrogen Europe and the Green Hydrogen Association (GH2 India) signed a Memorandum of Understanding today to boost collaboration and promote the hydrogen sector across both regions. This partners... (more story)

Imerys Aluminates Group loses ETS damage claim at EU court

November 20, 2024

Europe

MLex Summary: Imerys Aluminates Group, a French multinational producer of industrial minerals, lost its legal dispute at the EU’s General Court against the European Commission over the commission's adoption of... (more story)

Energy regulator would split from competition watchdog under new Australian law

November 19, 2024

Oceania

MLex Summary: Australia’s energy regulator is set to split from the antitrust regulator under legislation introduced to parliament today designed to modify the competition law to bring about the changes. The l... (more story)

Technology View More

Trump, Twitter tell US appeals court they're close to settlement over ejection from platform

November 20, 2024

North America

MLex Summary: Lawyers for Twitter, now X Corp, and President-elect Donald Trump told the US Court of Appeals for the Ninth Circuit that they are close to a settlement, asking the court to stay Trump's appeal o... (more story)

UK online safety regulator's new priorities will make children safer, tech minister says

November 20, 2024 | Patricia Figueiredo

Europe

Social media platforms' activities in relation to online safety are “one of the most serious issues of our time," the UK's technology minister told lawmakers today after publishing details of a set of new stra... (more story)

Indonesia to act swiftly on Apple’s $100 million investment offer, ministry says

November 20, 2024 | Jet Damazo-Santos

Asia

Indonesia’s Ministry of Industry says it will act swiftly on Apple’s proposal to invest $100 million in the country over the next two years in order to get a ban on its latest smartphone lifted. The offer is s... (more story)