Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Our global blockchain team has published a global legal and regulatory guide titled ‘Unlocking the blockchain’.
Interest in blockchain technologies has grown dramatically over the last twelve months.
This has triggered growth in investment in businesses operating in this area and marked engagement from all industry sectors (and financial institutions in particular) in blockchain technologies and their disruptive potential. Such engagement has led to the development of increasingly sophisticated proof-of-concept use cases and notable live deployments.
In view of these developments, we have produced a new global legal and regulatory guide to blockchain technologies in which we explore the regulatory considerations and a range of other legal issues that should be taken into account with any proposed deployment. The guide will be published in a series of chapters, with the first one covering ‘an introduction to blockchain technologies’ that we invite you to read.
A significant amount of attention is being paid to the disruptive potential of distributed ledger technology (DLT) and many businesses are making huge investments in DLT-enabled products and/or services.
Whilst a significant amount of time is now being spent by businesses on analyzing the various legal and regulatory issues impacting upon the DLT space, many businesses have not yet considered strategies as to whether to (and how to):
In this chapter we consider some intellectual property rights-related use cases for DLT, before looking at whether, and to what extent, intellectual property rights can subsist in the technology and can be used to protect and enforce proprietary rights in it. We also explore some of the key issues for businesses looking to implement an intellectual property rights management strategy in relation to the technology.
We invite you to read the first chapter which can be downloaded here. The subsequent chapters will only be available to contacts who have registered.
If you would like to discuss any aspect of this topic further, please get in touch.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).