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  20.11.2023

  Hungría

  Final draft of ESG Law transposing the EU’s CSR Directive submitted to Hungarian parliament

  On 14 November 2023, the Minister for Economic Development submitted to parliament the final draft "Law on the Rules of Environmentally Conscious and Societally and Socially Responsive Corporate Social Responsibility Reporting Promoting Sustainable Finance and Unified Corporate Responsibility" (ESG Law).The ESG Law transposes the Corporate Sustainability Reporting Directive 2022/2464 (CSRD) into national law, establishes a national Environmental, Social and Governance (ESG) framework to comply with EU obligations, and includes provisions of the proposed Corporate Sustainability Due Diligence Directive...

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  17.11.2023

  United Kingdom

  Proposed legislation would radically expand the UK’s class action regime

  15 November 2023 saw publication of two proposed amendments to the Digital Markets, Competition and Consumers Bill that would have significant impacts on the UK’s class action regime:First, a proposed amendment, introduced by Sir Robert Buckland, to expand the jurisdiction of the UK Competition Appeal Tribunal (the “CAT”) to consumer class actions (the “Buckland Amendment”).  At present, the CAT only has jurisdiction for competition class actions.Second, a proposal to reverse the effect of the Supreme Court’s decision in PACCAR, in relation to damages claims...

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  10.11.2023

  Hungría

  Final draft of CSR Directive expected to be submitted to Parliament

  On 31 October 2023, the Ministry for Economic Development submitted for public consultation the draft "Law on the Rules of Environmentally Conscious and Societally and Socially Responsive Corporate Social Responsibility Reporting Promoting Sustainable Finance and Unified Corporate Responsibility".The ESG Law transposes the Corporate Sustainability Reporting Directive 2022/2464 (CSRD) into national law, establishes a national Environmental, Social and Governance (ESG) framework to comply with EU obligations, and includes provisions of the proposed Corporate Sustainability Due Diligence Directive...

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  08.11.2023

  United Kingdom

  CMA goes green with guidance supporting collaboration between businesses on sustainability issues

  With ESG firmly on the corporate agenda, recent guidance from the CMA is intended to give businesses confidence to collaborate across industries and sectors to support sustainability objectives without infringing competition law prohibitions on anti-competitive agreements. Published last month, the guidance (here) forms a key part of the CMA’s commitment to promoting sustainability and helping accelerate the transition to a net zero economy in the UK.Agreements addressed by the GuidanceThe Guidance addresses two forms of agreement:Agreements relating to environmental sustainability between...

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  11.10.2023

  Hungría

  Hungary sets cybersecurity fines in decree

  A Hungarian government decree (Government Decree 305/2023 (VII. 11.) on the amount of cybersecurity fines, detailed rules of procedure for the imposition and payment of fines) has set down the minimum and maximum fines imposed by the competent authority under the new Act XXIII of 2023 on Cybersecurity Certification and Cybersecurity Supervision. The Decree specifies the infringements that are punishable by fines and adapts the amount of each fine.Infringements and finesUnder the Decree, the competent authority issuing the certification will impose fines for breaches of EU and Hungarian legislation,...

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  29.09.2023

  United Kingdom

  My Computer did it! Exploring SHEIN’s latest lawsuit

  In the latest of a series of copyright infringement claims, three independent graphic designers - Krista Perry, Larissa Martinez, and Jay Baron, have launched a claim in the California Federal Court  accusing Shein of selling exact copies of their textile and print works – example below. This lawsuit covers a similar territory to H&M’s ongoing copyright infringement lawsuit towards Shein in Hong Kong. While this is not of itself remarkable  there are several interesting aspects to this case.  Left: Krista Perry’s...

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