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In Corporate Governance

Global: Financial Institutions: What does 20021 hold? Key Upcoming Developments and Enforcement Trends

by and 3 Mins Read

In 2020, the COVID-19 pandemic swept away regulatory plans and programmes for the year while regulators rushed to stabilise the markets and protect consumers in distress. Regulators across the globe, just like financial institutions and other businesses, scrambled to implement remote working arrangements and keep their employees safe while adjusting their supervisory processes and plans. Regulatory programmes were postponed or reoriented, and supervisors quickly developed regulatory measures to help provide pandemic relief to both firms and their customers.

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In Cybersecurity, Data and Tech

Global:TMT Talk Podcast Series – Latest Episode: California Privacy Rights Act – What You Need to Consider

by and 14 Mins Read

A tech-entwined world necessarily puts focus on technology companies and the opportunities that arise with them. TMT Talk, the Global TMT industry podcast, will help you navigate and prioritize via insights from top legal advisers in strategic technology markets. We’ll go into the issues, how they affect businesses, society, and the way players deal with them.

In Cybersecurity, Data and Tech

International: COVID-19 – Vaccinating the Workforce – Challenges for Multinational Employers

by 5 Mins Read

The news that a COVID-vaccine is finally becoming a reality presents organizations with the possibility of returning to business as normal. While governments and health organizations are in the throes of planning their vaccination programs and pre-ordering the vaccines, with regulatory approval still pending in most countries, there is uncertainty about the timing, viability and availability of a vaccine.
 
Widespread availability of the vaccine may still be some way away from being a reality. The WHO’s Strategic Advisory Group of Experts on Immunization (SAGE) suggests priority groups for receiving the COVID-19 vaccine should include frontline health and care workers at high risk of infection, older adults, and those with underlying conditions at high risk of death (e.g. heart disease and diabetes).

Nevertheless, employers around the globe are keen to prepare for the possibility of utilizing the vaccine to protect their workforces, to promote business continuity, and to mitigate the current health and safety risks of a return to the office.

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In Canada

Canada: Watch out, GDPR – Canada proposes strict new privacy law framework backed by significant fines

by , and 6 Mins Read

In November 2020, Canada introduced new federal privacy legislation that, if adopted, will create one of the strictest data protection regimes in the world, accompanied by some of the most severe financial penalties, rivalling the standards in Europe and California. Companies with a connection to Canada will need to build the new federal law, and applicable provincial laws, into their global compliance strategy.

In Cybersecurity, Data and Tech

Germany: Planned amendments to the German Civil Code to strengthen consumer protection rights

by , , , , and 1 Min Read

On November 3, the German Federal Ministry of Justice and Consumer Protection published two draft bills for the implementation of certain aspects of the Directive on digital content and services (Directive (EU) 2019/770) and the Directive on better enforcement and modernisation of consumer protection rules (Directive (EU) 2019/2161). The Directive on digital content and services must be transposed by the German legislator into national law by July 1, 2021, which in turn must be applied beginning January 1, 2022. The Directive on better enforcement and modernisation of consumer protection rules must be transposed into national law by November 8, 2021, which in turn must be applied beginning May 28, 2022. If adopted, the draft bills will amend the German Civil Code, inter alia, supplementing the requirements for distance selling contracts, introducing new rules for consumer contracts about digital content and services, and providing for new information obligations for online market places as well as amend the Introductory Act of the German Civil Code by introducing a new administrative fine for violations of certain consumer protection law obligations.

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In Cybersecurity, Data and Tech

Global: TMT Talk Podcast Series – Latest Episode: Navigating through Data Centres and Tax

by and 14 Mins Read

A tech-entwined world necessarily puts focus on technology companies and the opportunities that arise with them. TMT Talk, the Global TMT industry podcast, will help you navigate and prioritize via insights from top legal advisers in strategic technology markets. We’ll go into the issues, how they affect businesses, society, and the way players deal with them.

In Asia-Pacific

Philippines: CCTV Use Guidelines Issued by the Philippine National Privacy Commission

by , and 6 Mins Read

To ensure the lawful processing of personal data in the use of closed-circuit television (CCTV)1 systems, the Philippine National Privacy Commission (NPC) released on 16 November 2020, Advisory No. 2020-04 on the “Guidelines on the Use of Closed-Circuit Television (CCTV) Systems” (Advisory). The Advisory guides personal information controllers (PICs) and personal information processors (PIPs) in the processing of personal data via CCTV systems used in public or semi-public places, as well as in responding to requests by the data subject or by third parties for disclosure of CCTV footage. The Advisory applies to CCTV systems with either video and audio capabilities or those which only record videos. Lawful surveillance conducted by law enforcement agencies and other government agencies, however, are not covered by the Advisory.

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