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As TMT businesses plan for 2021 they are building on the opportunities and challenges arising from 2020. Many bold decisions were taken by TMT players in 2020 to protect their workforces and to ensure that they continue to be able to deliver technology, connectivity and digital transformation across sectors. Significant trends are now expected to impact the TMT industry in 2021.

In the 2021 edition of TMT Looking Ahead, our industry expert lawyers identify key global trends, provide helpful insights and offer practical tips for TMT businesses in the following areas:

  • Digital Transformation & Technology — 2020 was the year of accelerated digital transformation. Now, at the start of 2021, we look at the latest trends and future developments in select key topics, including technology in the compliance function, cloud services, 5G, drones and data centers.
  • Key legislative developments to watch for in 2021 — There will be numerous developments to watch for in 2021, but among those on top of the list there will be the European Commission’s proposals for regulating the digital economy — the Digital Services Act and the Digital Markets Act. We also dive into other significant topics, including the volatile geopolitical environment as well as digital services taxes.
  • The new normal — Two trends that will continue to be pivotal in 2021 are continued supply chain diversification and remote working – and, of course, we will focus on tech M&A, sustainability, the content production industry and the impact of Brexit on the telecoms sector.
  • Data — Last but certainly not least, we offer our latest insights on data and data security. Topics include questions such as how might TMT businesses best approach the increasing regulatory scrutiny of data? What is happening around data litigation? We also cover the fast growing area of online gaming privacy with its increasingly complex data ecosystem.

Looking Ahead

Author

Raffaele Giarda chairs Baker McKenzie's Global Technology Media & Telecoms Industry Group and co-heads the Commercial-Corporate/M&A practice in the Firm's Italy offices. He has contributed articles to law journals, and often speaks at and moderates Italian and international conferences and seminars on IT/C legal and regulatory issues. Mr. Giarda is a lecturer at the University of Rome as well as at the Italian National School for Public Administration. He joined the Firm in 1989 and became a partner in 1999.

Author

Kate handles all aspects of cross-border tax structuring for UK-headed and non-UK headed groups. She is particularly knowledgeable in UK DPT provisions, CFC regime, loan relationship anti-avoidance provisions and the new interest limitation rules. She regularly assists multinational companies with the design of their global holding and financing structures. Kate is a chartered accountant and chartered tax adviser with nearly 20 years' experience in tax-related matters. Prior to joining the Firm, she spent seven years as a partner at a Big Four accounting firm. Kate has been heavily involved in the OECD Base Erosion Profit Shifting initiative, assisting clients in determining potential implications for their businesses. She is a regular speaker on international tax issues.