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To the point: technology & digitalisation l August 2020

Welcome to the August edition of Schoenherr’s to the point: technology & digitalisation newsletter! We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.

Romania: Public procurement and self-cleaning of cartel members

In Romania, companies that commit severe professional misconduct are excluded from participation in public procurement procedures. Yet, these companies have received some good news recently thanks to a common opinion issued by the Romanian National Agency for Public Procurement (“ANAP”) and the national Competition Council (the “Common Opinion”). In this article we analyse the clarifications introduced by the Common Opinion on how self-cleaning can be achieved by blacklisted companies.

Here comes the sun (nenergy)

In Schönherr’s Renewable Expansion Law Infocorner , the essential cornerstones of the EAG package are presented and practical legal issues are dealt with. Also, stay informed about current events and webinars.

Latest Briefings

The future of work in a pandemic era

The COVID-19 pandemic has disrupted all facets of life as we know it, forcing immediate recalibrations of how we work and live. Today, industries across the globe are considering the future of work in a pandemic era, making difficult decisions with the best information on hand, against various unknowns. They know that reopening and perhaps even redefining the workplace means successfully working through incredible uncertainty.

What does the future hold for cybersecurity?

With any security policy now and in the future, leaders need to remember the fundamentals of what they are trying to achieve. Everyone wants their business to do well and be successful, and that means protecting data, while keeping business critical systems up and running efficiently. Already today, we’re putting a focus on security – and have seen new compliance laws in relation to that. Requiring compliance with regulation is just one way of trying to force the market to adopt minimum acceptable standards. But this is just that – the minimum – and every business leader needs to aim higher than that level.

Financial services investigations and enforcement monthly round up

A round-up of recent enforcement actions and investigations in the financial services sector. This month in summary: FCA publishes Decision Notice against Corrado Abbattista for market manipulation ICO fines company £130,000 for unauthorised pensions cold calls FCA publicly censures former Worldspreads CEO for market misconduct FCA scraps half its criminal probes into money-laundering breaches   FCA publishes Decision Notice against Corrado Abbattista for market manipulation.

Recommended

Hogan Lovells lures back private equity trio from Paul Hastings

A three lawyer team who left Hogan Lovells last year have gone back to the firm after a short stint at Paul Hastings. Hogan Lovells London head of private equity Ed Harris, corporate partner Leanne Moezi and partner Adam Brown in the firm’s Northern Virginia office all decamped for Paul Hastings in July last year. […]

CC

Clifford Chance reduces global bonus pot in latest Covid-19 cut

Clifford Chance is reducing the firm’s global bonus pot as part of its latest response to the Covid-19 crisis. The firm declined to comment on how much the bonus pot will be reduced by, however, The Lawyer understands that, the reduction will not be more than 20 per cent. This is the latest measure to […]

cathay pacific

The deals that closed last week: Cathay Pacific, furniture and Taylor Wimpey

As Covid-19 rocks the aviation industry, Linklaters, Clifford Chance and DLA Piper each had a hand in the $5bn (£4bn) bailout of Hong Kong’s flag-carrier, Cathay Pacific. The Hong Kong government-backed recapitalisation plan is aimed at shoring up the airline, providing £2.7bn in the form of preference shares, warrants and a loan. The government will […]

new york

Debevoise overlooks London in latest promotions round

Debevoise & Plimpton has promoted all seven of its new partners in New York, the first time in five years that the firm hasn’t promoted any London partners. Three of the partners sit within the US firm’s investment management group, with one new intellectual property litigation partner, one commercial litigation partner, one white collar & […]

liverpool

Hill Dickinson makes U-turn on pay cuts

Hill Dickinson has made a U-turn on extending pay cuts for staff. Last week, The Lawyer reported that the firm would be extending pay cuts – after implementing the policy for two months at the start of lockdown. However, The Lawyer understands the firm has now decided to backtrack on the policy, informing staff that […]

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