Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | January 2023
On December 27, 2022, the European Regulation on digital operational resilience for the financial sector was published. It entered into force on January 17, 2023 and will apply as of January 17, 2025.
The objective of DORA is to enable the European financial sector (construed broadly) to remain resilient in the event of a serious operational disruption as well as to prevent and mitigate cyber threats.
In particular:
The scope of the Regulation is very broad. DORA targets Luxembourg entities engaged in financial and insurance sectors, including, amongst others:
As well as any Luxembourg branches of the aforementioned entities.
DORA requires Member States to lay down rules on appropriate, effective, and proportionate criminal and administrative penalties and remedial measures for its breaches.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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