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Specialist news and analysis on legal risk and regulation

Top News

Cellphone with logo of Chinese artificial intelligence company Baichuan AI in front of business website

Artificial Intelligence, Data Privacy and Security

November 06, 2024 | MLex Staff

Asia

China treads carefully on AI legislation amid US rivalry, industry growth push
Donald Trump pointing

Data Privacy and Security, Energy, Financial Services, Technology, Trade

November 06, 2024 | Jakub Krupa

Europe, North America

For the UK, Trump's return means unique risks, but also rewards, well beyond trade
outbrain.com company website with logo

DealRisk®, Mergers and Acquisitions

November 06, 2024 | Andrew Boyce

Europe

Outbrain-Teads deal review will force UK CMA to reassess Big Tech competition

Antitrust View More

US DOJ says FTC win against Tapestry supports reviving Teradata's US tying case against SAP

November 06, 2024

North America

MLex Summary: The US Department of Justice told an appeals court that the Federal Trade Commissions win against Tapestry Inc. demonstrates that aggregate diversion ratio analysis is a well-accepted methodology... (more story)

Google tells US judge to dismiss third amended monopolization complaint from private plaintiffs

November 06, 2024

North America

MLex Summary: Google asked a California federal court to throw out a third amended complaint alleging that it monopolized the markets for general search services and general search text advertising via various... (more story)

US FTC, states urge judge to order Amazon to produce foreign antitrust investigation documents

November 06, 2024 | Alex Wilts

Europe,North America

The US Federal Trade Commission and a group of state enforcers have asked a Washington federal judge overseeing their monopolization case against Amazon to require the company to produce documents relating to ... (more story)

Artificial Intelligence View More

AI-enabled platform Sitejabber settles US FTC complaint over deceptive reviews

November 06, 2024

North America

MLex Summary: Sitejabber, a company offering an AI-enabled consumer review platform, has settled charges from the US Federal Trade Commission of deceiving consumers by artificially inflating average ratings an... (more story)

A global AI rulebook? EU hopes it has one, US mixes messages, UK hangs back

November 06, 2024 | Luca Bertuzzi, Frank Hersey and Amy Miller

Europe,North America

With no signs that the artificial intelligence boom is slowing down, the world’s attention has shifted to how countries will manage the risks of generative AI along with its rewards. While the EU is the first ... (more story)

US states are moving to regulate AI, but ambitious laws meet resistance

November 06, 2024 | Amy Miller

North America

The US Congress has yet to enact comprehensive standards for regulating AI, but 45 states have passed at least one law aiming to bound the technology in one way or another, and more are coming. Governors signe... (more story)

Mergers and Acquisitions View More

CMA acquisition of Santos Brasil under review in Brazil

November 06, 2024

Latin America

MLex Summary: CMA Terminals Atlantic and CMA Terminals Project, both part of the CMA CGM Group, is seeking to acquire a 47.55 percent stake in Santos Brasil Participações, a Brazilian port operator. The deal i... (more story)

Dealmakers can be glad for less enforcement under Trump, but policy certainty will be a risk

November 06, 2024 | Flavia Fortes and Curtis Eichelberger

North America

Another Donald Trump presidency means dealmakers will likely have less to fear about regulatory enforcement, but a reversal of merger policies, increased protectionism and the potential for trade wars also mea... (more story)

Sigma-Chemist Warehouse pharmacy deal receives conditional Australian approval

November 06, 2024

Oceania

MLex Summary: Sigma Healthcare’s reverse acquisition of Australian pharmacy giant CW Group, owner of Chemist Warehouse, is set to proceed, after the country’s competition watchdog announced that it wouldn’t op... (more story)

Data Privacy and Security View More

Risk disclosure requirements scrutinized by US Supreme Court in case against Meta

November 06, 2024 | Madeline Hughes

North America

The US Supreme Court questioned how risk factors should be disclosed in securities filings as the court heard arguments today in a case brought by Amalgamated Bank alleging Meta Platforms made false or mislead... (more story)

Brazilian data protection authority sanctions Ministry of Health over LGPD violations

November 06, 2024

Latin America

MLex Summary: Brazil’s National Data Protection Authority (ANPD) has sanctioned the Ministry of Health for violations of the General Data Protection Law (LGPD). The Ministry received two warnings: one for dela... (more story)

Tech companies, NGOs unsure about data retention, encryption issues from EU commissioner-designate Brunner

November 06, 2024 | Sara Brandstätter

Europe

Magnus Brunner, the EU’s candidate to be home affairs and migration commissioner, has left tech companies and privacy activists with only vague comments about data protection and privacy issues, after speaking... (more story)

Financial Crime View More

Trump victory imperils US anti-money laundering overhaul

November 06, 2024 | Samuel Rubenfeld

North America

The biggest US anti-money laundering overhaul in decades will be at risk when President Donald Trump returns to the White House. Project 2025 called for the repeal of the Corporate Transparency Act, as well as... (more story)

Brinks sets aside $7 million in US anti-money laundering compliance probe

November 06, 2024

North America

MLex Summary: During the first nine months of 2024, The Brink's Company accrued $7.7 million in connection with a US Department of Justice investigation related to cross-border shipments of cash and things of ... (more story)

Supporters of son of Bosnian official sanctioned by US due to role in corrupt patronage network

November 06, 2024

North America

MLex Summary: The US Treasury Department's Office of Foreign Assets Control designated an individual and an entity who support a corrupt patronage network in Bosnia and Herzegovina that is attempting to evade ... (more story)

Financial Services View More

EU insurers' green investments increased in 2024, Eiopa says

November 06, 2024

Europe

MLex Summary: The share of green investments in EU insurers’ portfolios has increased in 2024, the factsheet published by the European Insurance and Occupational Pensions Authority shows. The authority's data ... (more story)

EU lawmakers endorse Maria Luís Albuquerque as EU commissioner for financial services

November 06, 2024 | Jean Comte and Sofia Gerace

Europe

Maria Luís Albuquerque has been confirmed as EU commissioner for financial services by the EU Parliament's committee on Economic affairs, MLex has learned. She pledged to achieve the pan-EU Capital Markets Uni... (more story)

‘Ridiculous’ to make banks reimburse fraud where victim was warned, UK lawmaker says

November 06, 2024 | Phoebe Seers

Europe

A UK lawmaker scrutinizing financial services regulation today said it was "ridiculous" that banks should have to reimburse fraud where the victim had been warned they were sending money to a scammer. The new ... (more story)

Trade View More

Global Gateway crucial to boosting EU’s trade appeal, commissioner nominee Síkela says

November 06, 2024 | Oscar Pandiello and Joanna Sopinska

Europe

With China’s growing economic and military power, the EU’s Global Gateway initiative emerges as a key tool to increase the bloc’s attractiveness to Africa and other strategically important regions. If confirme... (more story)

EU must brace for trade turbulence under Trump’s second go at ‘America First’ policy

November 06, 2024 | Laine Cibulskis

Europe, North America

Donald Trump promises a return to an “America First” trade policy when he becomes the US president for a second time next January. Trump may or may not mean to go ahead with a threat of blanket tariffs across ... (more story)

EU deforestation rules delay is ‘good balance,’ environment chief nominee says

November 05, 2024 | Stefano Porciello, Oscar Pandiello and Laine Cibulskis

Europe

Jessika Roswall, the EU's nominee to run its environment policy, has promised to implement the EU's deforestation law. She told lawmakers from the European Parliament that the rules’ 12-month postponement was ... (more story)

State Aid View More

Millennium BCP, Portumo, Nova Ship Invest lose appeals of state aid recovery order at EU court

November 06, 2024

Europe

MLex Summary: Millennium BCP, Portumo and Nova Ship Invest have lost their legal challenge of the European Commission's order for Portugal to claw back tax reductions granted to companies in the Madeira Free Z... (more story)

Wizz Air loses challenge to Romanian Covid-era aid to rival Tarom (correct*)

November 06, 2024

Europe

MLex Summary: Hungarian budget airline Wizz Air has lost its challenge to the European Commission’s approval of Romania’s 2022 capital injection worth 1.9 million euros in rival Tarom. The General Court of the... (more story)

Less competition-law enforcement would be a ‘false trade-off,’ Lagarde says

November 05, 2024 | Natalie McNelis and Nicholas Hirst

Europe

Europe can achieve its wider policy goals without sacrificing the benefits of competition, the president of the European Central Bank said today. Christine Lagarde said there is a pro-competitive path, but “we... (more story)

Energy View More

EU environment chief nominee given green light despite poor performance

November 06, 2024 | Stefano Porciello

Europe

Jessika Roswall’s poor performance at her confirmation hearing yesterday did not prevent her from getting greenlighted by a two-third majority of EU political groups today. “I look forward to working together ... (more story)

Carbon removals are key to boost competitiveness but EU must act now, industry urges

November 06, 2024

Europe

MLex Summary: The EU must act quickly on carbon removals to not fall behind in the global carbon removal race, on which competitors such as US and China are advancing rapidly on carbon removals technologies, t... (more story)

UK financial watchdog to consult on mandatory transition plans

November 06, 2024

Europe

MLex Summary: UK financial firms might see mandatory transition plans, the chief operating officer at the Financial Conduct Authority said today. The goal is to provide investors with "transparency on a busine... (more story)

Technology View More

Public consultation on Irish media regulator’s strategy open until Dec. 4

November 06, 2024

Europe

MLex Summary: Ireland’s media regulator today opened a public consultation on its first three-year Strategy Statement, as required by the Online Safety and Media Regulation Act 2022, which allows the regulator... (more story)

Silicon Valley Bank UK resolution, transfer to HSBC explained in BOE report

November 06, 2024

Europe, North America

MLex Summary: The Bank of England has issued a report detailing how it used its transfer power under the Special Resolution Regime to resolve Silicon Valley Bank UK, by transferring SVB UK’s ownership to HSBC ... (more story)

Polish crowdfunding websites come under spotlight over possible ‘dark patterns’

November 06, 2024

Europe

MLex Summary: The operators of Polish crowdfunding websites Pomagam.pl and Siepomaga.pl have seen the national competition and consumer authority open an investigation into whether the techniques they use fall... (more story)