Submenue Archives

In Anti-Corruption

United States: Procurement Collusion Strike Force Turns Two – Where are we now?

November 19, 2021 by Jeffrey (Jeff) D. Martino, Mark G. Weiss, Audrey van Duyn, Natalie Flores and Kristen E. Lloyd 7 Mins Read

Two years ago, on 5 November 2019, the Department of Justice (DOJ) announced the formation of the Procurement Collusion Strike Force (PCSF). DOJ press releases indicated the purpose was to create a joint, collaborative interagency partnership focused on deterring, detecting, investigating, and prosecuting antitrust crimes. The Strike Force has prosecutors from 22 US Attorneys’ Offices and 7 national law enforcement partner agencies, including the Antitrust Division of the DOJ, investigators from the Federal Bureau of Investigation, and the Inspectors General for multiple Federal agencies. To date, the PCSF is active in almost a quarter of US judicial districts and coordinates with many US agencies and offices.

In Asia-Pacific

China: New challenges ahead for corporate compliance investigations under China’s new Personal Information Protection Law

November 19, 2021 by Simon Hui, Henry Chen and Zhengwei Yang 7 Mins Read

China has strengthened its commitment to protect personal information by adopting the new Personal Information Protection Law (PIPL 《中华人民共和国个人信息保护法》) which gives data subjects the power to control and determine how, with whom and for what purposes their personal information can be shared, analyzed or handled. Our Firm has previously released a more detailed discussion on the PIPL, which took effect on 1 November 2021.

In Antitrust / Competition

Spain: New amendments to the revised text of the Spanish General Consumer and User Protection Act

November 18, 2021 by Montserrat Llopart, Elisabet Cots, Itziar Osinaga and Adria Masip 8 Mins Read

In April, Royal Decree-Law 7 of 27 April 2021 was passed. It introduced major amendments to Royal Legislative Decree 1 of 16 November 2007, approving the revised text of the General Consumer and User Protection Act and other supplementary acts, which we analysed in our May newsletter.

In Asia-Pacific

Asia Pacific: Future of Work: New Workforce Reality

November 18, 2021 by Michael Michalandos and Celeste Ang 1 Min Read

As a sponsor at the 2021 Hong Kong Fintech Week, Baker McKenzie moderated several panel discussions and hosted a couple of virtual masterclasses, including one on the topic “Future of Work: New Workforce Reality.” This session covers interesting developments from an employment perspective, looking closely at key considerations for financial institutions dealing with the changing environment including critical risks in cybersecurity, data privacy and intellectual property confidentiality, occupational health and safety issues, and fraud risks.

In AML & Financial Services Regulatory

United States, United Kingdom: Compliance Officer Bulletin: Financial crime update

November 17, 2021 by Philip Annett, Henry Garfield, Terence Gilroy, Amy J. Greer, Jennifer L. Klass, Mark Simpson, Charles Thomson and Kimberly Everitt 5 Mins Read

Financial crime remains at the top of the regulatory agenda across the globe. As responses to the pandemic stabilise, and following some high-profile global incidents, regulators face renewed pressure to manage financial crime more effectively through robust supervision and enforcement. In the October 2021 edition of the City Library’s Compliance Officer Bulletin, our business crime, regulatory and cybersecurity lawyers explore the latest developments in anti-money laundering and financial crime in a series of articles

In Environment

Global: Baker McKenzie’s 30th Annual International Environment Conference

November 16, 2021 by Anastaissia McMiller Arnold 2 Mins Read

Baker McKenzie’s 30th International Environment Conference will begin on 9 November 2021 and go until 30 November 2021. These 75-minute weekly webinars will include an overview of key regional differences and how governments approach the resolution of these challenges.

In Antitrust / Competition

Asia Pacific Competition Highlights – October 2021

November 16, 2021 by Stephen Crosswell 2 Mins Read

In the Asia Pacific Competition update, we provide you with a practical overview of the most notable antitrust legal developments of the third quarter in 2021 that may affect your business.

In Environment

United Kingdom: The role of Hydrogen in the UK Net Zero Strategy

November 15, 2021 by Philip Thomson 4 Mins Read

Following the recent publication of the UK Hydrogen Strategy, the UK Government has now published its Net Zero Strategy. As expected, low carbon hydrogen development is central to this strategy. At the core of the strategy is an ambitious goal of fully decarbonizing UK power systems by 2035.

In Asia-Pacific

Europe, China: Guide to Issues for Trades of Non-Performing Loans across Europe and China

November 15, 2021 by Philip Thomson 2 Mins Read

In our updated and expanded Guide to Issues for Trades of Non-Performing Loans across Europe and China, we have selected some of the key legal and practical issues to be aware of when conducting a no-performing loan trade in jurisdictions that are strongly anticipated to be key areas of activity.

In Environment

Global: COP26 – Mandatory Climate Risk Disclosures Announced Amidst Focus on Finance

November 14, 2021 by Ilona Millar and David Hackett 5 Mins Read

Major developments in disclosure of risks relating to sustainability have been announced. These developments accelerate a trend towards mandatory and comparable disclosures relating to climate risk and other sustainability issues.