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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

Apple has 'countless switches to flip' on anticompetitive restrictions, DOJ tells US court

November 07, 2024 | Khushita Vasant

North America

Recent changes that Apple made to its app ecosystem could easily be reversed, reintroducing earlier anticompetitive restrictions any time it wants to, a Department of Justice attorney told a US judge today in ... (more story)

South Korea's Kakao Mobility penalized for inflating revenue figures

November 06, 2024 | Jenny Lee

Asia

South Korea's ride-hailing giant Kakao Mobility has been hit with fines totaling 4.1 billion won (about $3.2 million) for "serious violations of accounting standards" after inflating its operating revenues dur... (more story)

Xiaomi forces retraction of Walmart's Flipkart Indian antitrust investigation report

November 06, 2024 | Freny Patel

Asia

Chinese mobile maker Xiaomi and other manufacturers’ complaints have forced India’s antitrust watchdog to retract an antitrust-investigation report filed against Walmart's local arm Flipkart, alleging violatio... (more story)

Artificial Intelligence View More

Trump win means new emphasis on content moderation, privacy, AI for FTC, FCC

November 07, 2024 | Mike Swift and Amy Miller

North America

The election of Donald J. Trump as the next US president suggests a change of focus on content moderation, children's privacy and artificial intelligence enforcement for the Federal Trade Commission and the Fe... (more story)

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)

Mergers and Acquisitions View More

Blackstone-I'rom deal continues to raise antitrust concerns in Australia

November 07, 2024

Oceania

MLex Summary: The acquisition of healthcare business I’rom Group by funds managed or advised by Blackstone Group has raised concerns for the Australian antitrust regulator over competition in the supply of pha... (more story)

Sigma-Chemist Warehouse deal gets Australian regulatory approval, with conditions

November 06, 2024 | Saloni Sinha

Oceania

Australian pharmacy giant CW Group, the owner of the Chemist Warehouse chain, has received regulatory approval for its high-profile reverse merger with Sigma Healthcare, close to a year after first announcing ... (more story)

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)

Data Privacy and Security View More

Go-slow approach on Australian privacy revamp ties government in knots

November 07, 2024 | Ryan Cropp

Oceania

The Australian government’s decision not to pursue a significant chunk of slated changes to the country’s privacy laws in September attracted strong criticism from both privacy advocates and business groups. I... (more story)

Judge ponders relevance of Google executives' wealth in Texas antitrust claims

November 06, 2024 | Mike Swift

North America

With antitrust and consumer-protection trials looming next year pitting Google against a group of 17 US states led by Texas, a federal judge is facing of decisions about the states’ multi-billion-dollar privac... (more story)

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)

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

US FTC's days of neo-Brandeisian antitrust enforcement appear numbered under Trump

November 06, 2024 | Khushita Vasant and Chris May

North America

Donald Trump’s return to the White House stands to derail many of the US Federal Trade Commission’s ambitious antitrust enforcement priorities, including a polarizing but popular rulemaking effort to ban nonco... (more story)

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)

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

World is almost certain to break 1.5°C warming limit in 2024, scientists say

November 06, 2024 | Helena Freitas

Africa, Asia, Europe, Latin America, Middle East, North America, Oceania

It’s “virtually certain” that 2024 will be the hottest year on record and the first year surpassing the 1.5 degrees Celsius warming limit, according to a forecast by EU’s scientists on climate change. The news... (more story)

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)

Technology View More

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)

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)