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Global | Publication | October 2018
In April 2016, the European Parliament adopted the General Data Protection Regulation (GDPR) to modernize its data protection legislation. As of May 25, 2018, the Data Protection Directive was thus repealed and replaced by the GDPR, while all member states legislation became subject to review to be aligned with the GDPR, leading to major modifications of the rules that prevailed prior to the GDPR coming into force.
For research trials, enacting the GDPR had a number of implications, both for sponsors, contract research organizations (CROs) and trial sites located in the European Union (EU), and for some foreign CROs and sponsors, which now need to comply with various obligations failing which they may be exposed to heavy fines and other legal recourses.
Click here to read about the various obligations that must be complied with.
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On November 13, 2022, Groupe Sélection inc. (Groupe Sélection) filed an application under the Companies’ Creditors Arrangement Act (CCAA) in order to proceed with the restructuring while protected from its creditors (GS Application).
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On December 1, 2022 the Financial Reporting Council (FRC) published a policy paper which gives an overview of the FRC’s approach to competition in the audit market. It also covers recent developments with competition in the audit market and the FRC’s current competition policy work.
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On 28 November 2022, the European Council approved the adoption of the CSRD. The CSRD requires businesses to report and disclose information on their societal and environmental impact and external sustainability factors affecting their business.
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