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Aktuelle eAlerts

  •  
    29/05/2024
    United Kingdom

    Operational Resilience: The Countdown

    The countdown is on to make sure your firm is ready to comply with the operational resilience rules by 31 March 2025. This date marks the end of the transition period, but the requirement to be operationally resilient is not a once and done activity, or something that should be seen as tick-box regulatory compliance. Instead, this should be a way of working that is embedded into a firm’s overall culture.The FCA provided feedback to firms on 28 May 2024 which included insights and observations to support firms with their continued implementation of the rules.In our view, this FCA...
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  •  
    28/11/2023
    United Kingdom

    A warning to those reporting on diagnostic imaging - KJY v University College Hospital NHS Foundation Trust

    With the UK Government announcing at the end of October 2023 that 160 community diagnostic centres will be open by March 2024, it is a burgeoning time for those working in diagnostics. Medical malpractice claims arising from the misreporting of radiology can, however, be costly. Whilst we do not have the data for non-NHS claims, NHS Resolution’s Annual Report and Accounts 2022 to 2023 showed that radiology claims made up 4% of the clinical claims received in 2022/23 (402 claims out of a total of 10,062) and cost 2% of the total value of clinical claims received in 2022/23 (£118,144,000...
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  •  
    26/10/2023
    Polen

    Polish law creates new rules on banking outsourcing

    In September 2023, Polish legislation amending the nation’s Banking Law and the rules on banking outsourcing came into force. These changes were introduced by the Act of 16 August 2023 amending certain acts with a view to ensuring the development of the financial market and the protection of investors in that market.The amendment underscores how banking outsourcing, situations where a bank outsources certain tasks related to banking activities (e.g. IT services, including cloud computing) to another undertaking (i.e. outsourcer), is becoming increasingly popular internationally, and...
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  •  
    17/04/2023
    Middle East

    The legal framework for sustainable family businesses in the Kingdom

    BackgroundThe new Saudi Companies Law issued through Cabinet Decision No 678/1443 is a landmark legislation that has sown the seeds for a sustainable family business ecosystem. The provisions regarding family businesses introduced by the Companies Law are in pursuance of the economic objectives underpinned in the country’s landmark Vision 2030.Family CharterMost importantly, the Companies Law has introduced an institutional legal cover to family businesses. The founders, partners and shareholders of family-owned enterprises can now conclude a “family charter” (or a family constitution)...
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  •  
    28/03/2023
    Europe

    European Parliament and Council ready to start negotiations on EU Data Act – Europe gets closer to adopting a data law

    In February 2022 the European Commission presented its proposal for the EU Data Act, which – if adopted - will introduce a far-reaching legal regime on access to and use of non-personal data in the EU and will, similar to the GDPR, be applicable to businesses established outside the EU. The proposed regulation contains a set of rules defining how various forms of data can be used and by whom for purposes across all economic sectors with the aim of creating a new data-agile ecosystem. While the new law will bring new opportunities, it will also create legal challenges for all actors in the...
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  •  
    08/02/2023
    Europe

    EU Data Act – Focus on Cloud Services: what is “functional equivalence” … and is it necessary?

    In the second Law-Now in our cloud services series on the proposed EU Data Act (the “Act”), we focus on the concept of functional equivalence. One of the aims of the Act is to remove barriers to access to data for both consumers and businesses. In pursuance of this in the context of cloud services, the Act introduces new rules to facilitate switching between providers of cloud services and other data processing services.The requirements relating to functional equivalence are a key component of the cloud switching obligations and, as currently drafted, have the potential to significantly...
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