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Recent Articles

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  13/05/2025

  International

  EU moves forward with Toy Safety Regulation

  The EU’s proposal for a Toy Safety Regulation is moving closer to formal adoption. In April 2025, the Council of the EU and the European Parliament reached a provisional deal on a regulation that updates and strengthens safety requirements for toys sold in the EU market.The new regulation is expected to better protect children by banning harmful chemicals, introducing a Digital Product Passport, and increasing oversight of online toy sales.BackgroundIn July 2023, the European Commission adopted a proposal for a Regulation on the safety of toys, which will replace Directive 2009/48/EC, the...

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  07/05/2025

  International

  Cyber Space: Global insights on cyber and data risk for insurers

  Issue 2, May 2025. How does the cost of cyber incidents vary across the globe?  A key pillar of CMS’ Cyber Space series is to compare and contrast the impact of cyber incidents in different international jurisdictions.In this respect, with assistance from colleagues in Brazil and Singapore, CMS UK have collaborated with the CMS’ network of international offices and affiliate law firms to consider the comparative costs of cyber incidents. We did so by focussing on the following aspects - Legal fees (average hourly rate in USD or ease), notification costs (in USD), chance of...

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  25/04/2025

  International

  On your radar | Key employment issues to be aware of in­ter­na­tion­ally

  In each edition of On your radar it is interesting to consider any common themes across various jurisdictions. In this edition, the themes might be less obvious than usual, but on closer inspection are still present:As countries manage business immigration, Bulgaria, Poland and Croatia discuss the employment of foreigners.New types of leave are being introduced, expanding statutory employment protections. Poland reports on additional maternity leave for parents of premature or hospitalised children. Neonatal care leave was recently introduced in the UK, covered in our January edition. Proposals...

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  16/04/2025

  International

  Termination payments and costs “reasonably incurred”

  A recent decision of one of the UK’s highest courts has considered the extent of a contractor’s entitlement to payment after the termination for convenience of a FIDIC 1st Edition contract. The terminology considered by the court is commonly found within the termination provisions of other standard form construction contacts, making the decision of wider interest in an area where there is little previous case law. In finding that the contractor’s costs in this case had not been reasonably incurred, the decision highlights the significance of such restrictions and the more generous...

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  09/04/2025

  International

  New deadlines approach for beneficial ownership reporting requirements in the US

  As part of the US government’s focus on deregulation, beneficial ownership information (BOI) reporting requirements under the US Corporate Transparency Act (CTA), which came into force in January 2024, have been narrowed so that US entities are no longer required to report.Importantly, because foreign reporting companies will still be subject to the new rules, all non-US entities registered to do business in any US state must familiarise themselves with the requirements and, if needed, take steps to comply before the new filing deadline of 25 April 2025.BackgroundThe CTA requires certain...

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  09/04/2025

  International

  Navigating M&A deals through a tariff storm

  The tariffs introduced by the Trump Administration  have shocked global stock markets and are expected to have even greater impact on industrial and trading businesses, and ultimately, consumers. Retaliatory measures introduced by other major economies are likely to exacerbate an already deeply challenging situation.Nevertheless, M&A is a resilient beast. Deal teams, armed through recent COVID experiences, will need to apply the ingenuity and lateral thinking required to close deals in ways, which protect concerned parties against the Tariffs.In this article, we explore:what exactly is...

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