Global Matters

European Public Prosecutor’s Office Begins Operations

On June 1, 2021, the European Public Prosecutor’s Office (EPPO) launched operations. While most EU Member States are cooperating with the EPPO, a significant minority have not yet joined the initiative. The EPPO is an independent body based in Luxembourg, with 22 participating EU Member states. The first supranational prosecutor’s office, the EPPO can investigate

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Deadline Has Arrived to Comply with France’s New Rules on Cookies

The last day for entities to bring their websites and mobile applications into compliance with the French Data Protection Authority’s (Commission Nationale de l’Informatique et des Libertés, or CNIL) new rules on cookies and other trackers is 31 March 2021. Following the publication of its guidelines and recommendations on 1 October 2020, the CNIL granted

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UK Court of Appeal Decision May Increase Costs of Litigation Funding

A decision handed down on 15 January 2021 by the UK Court of Appeal may lead to increased costs of litigation funding. The judgment in Rowe & Ors v Ingenious Media Holdings & Ors [2021] EWCA Civ 29 effectively overruled previous decisions in which cross-undertakings in damages relating to the additional cost of providing security were

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President Biden Signs $1.9 Trillion American Rescue Plan

On March 11, 2021, and after months of debate in the US Congress regarding the federal government’s third round of COVID-19-related economic stimulus, President Joseph R. Biden signed the American Rescue Plan Act (ARP) into law. The legislation — and the price tag — is massive and likely to affect virtually all areas of the US

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US SEC Adopts Amendments to Exchange Act Rule 15c2-11 on Securities Quotations

On September 16, 2020, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-11 under the Securities Exchange Act of 1934. Rule 15c2-11 governs the publication of quotations for securities in a quotation medium other than a national securities exchange — over-the-counter (OTC) securities, in particular. Among other matters, the amendments require information

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Pro-Business Hungary: An Open-Door Policy to Investors

Foreign direct investments (FDIs) into Hungary surged by 24 percent to reach an all-time record €5.35 billion in 2019, as the country continues to cement its place as a preferred destination for the world’s investors. The managing partner of Budapest-based law firm KCG Partners, Eszter Kamocsay-Berta, provides insight into some of Hungary’s investment incentives. “It

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Cookies: Requirements Under the Hong Kong Personal Data (Privacy) Ordinance

Cookies, also known as HTTP Cookies, are text files which are stored on a user’s computer to enable website owners to identity the user’s computer or electronic device. They are generally used by website owners to track a user’s online behaviour or interaction with websites. These text files typically store information such as the user’s

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