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The new proposed regulation (“Circular”) is aimed at developing the rules, principles and criteria to which crypto-asset advertising will be subject. The Circular defines the type of entities and assets included in its scope and the powers granted to the Spanish financial regulator, the National Securities Market Commission (CNMV), so it can supervise and control the adverting of certain types of crypto assets that have been deemed unregulated products thus far. The deadline for interested parties to reply to the public consultation is 31 August 2021.

On June 9, 2021, the Biden Administration issued Executive Order 14034, “Protecting Americans’ Sensitive Data from Foreign Adversaries” (“EO 14034”). EO 14034 revokes three executive orders issued by the Trump Administration that effectively banned certain Chinese connected software applications (“apps”) from operating in the United States. Although EO 14034 revokes these legal authorities and calls for their implementing rules to be rescinded, EO 14034 signals that the Biden Administration will continue to analyze the national security risks presented by apps developed by persons subject to the jurisdiction or control of “foreign adversaries” and suggests that additional restrictions may be issued in the future.

We have seen a noticeable increase in the prevalence and sophistication of cyber fraud incidents in recent years. This has led to a substantial rise in civil recovery actions, and as a result, we now have the benefit of key learnings from recent decisions by the Hong Kong Courts and other jurisdictions. This alert discusses some of the common themes and challenges victims of fraud may face in civil recovery actions, particularly in cases involving allegedly “innocent” recipients of tainted funds and competing victims pursuing recovery from the same finite pool of funds.

On 11 May 2021, the ”Draft Modification of the Mexican Official Standard NOM-151-SCFI-2016, Requirements to be observed for the conservation of data messages and digitalization of documents, published on 30 March 2017” (”Project”) was published in the Official Gazette of the Federation. The Project aims to regulate and approve the rules applicable to the communication and transmission of data messages through ”certified electronic communications.”

In this era of rapid digitalization the physical structures that facilitate the efficient transmission, storage and processing of data have increasingly critical roles to play in meeting our exponential growth in data usage. As digital infrastructure scales up, so does interest in investing into this new asset class, especially by long-term private capital investors.

In June of 2021, the United States Supreme Court issued its first-ever holding related to the Computer Fraud and Abuse Act (enacted in 1986). Bradford Newman, Chair of Baker McKenzie’s North America Trade Secrets Practice, explains the two key holdings from this important decision and the specific practical steps all companies should now take to strengthen their trade secret protections.

In June of 2021, the United States Supreme Court issued its first-ever holding related to the Computer Fraud and Abuse Act (enacted in 1986). Bradford Newman, Chair of Baker McKenzie’s North America Trade Secrets Practice, explains the two key holdings from this important decision and the specific practical steps all companies should now take to strengthen their trade secret protections.

Baker McKenzie and the Financial Times co-created a podcast series, the FT Big Deal, to examine the trends behind complex cross-border transactions. In this four-part podcast series, Baker McKenzie lawyers are joined by industry thought leaders to discuss the key developments and issues shaping the future of global transactions.