Legal & Regulation
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June 14, 2024
EU Council agrees stance for new GDPR cross-border rules
Europe’s member states have agreed their position for a new law to improve cooperation between national data protection watchdogs responsible…
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June 13, 2024
Spanish risk managers stepping up push for friendlier captive rules
The push to ensure captives can be created in Spain is gaining momentum, with risk managers from the country set…
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June 13, 2024
Swiss parliament rejects landmark European Court of Human Rights climate ruling
Switzerland’s parliament has rejected a landmark climate ruling by the European Court on Human Rights (ECHR), which in April backed…
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June 11, 2024
Record Bayer-Roundup jury award of $2.25bn slashed by 80%
A Philadelphia court has reduced a record $2.25bn verdict against German pharmaceutical firm Bayer awarded to a Roundup litigant to…
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June 6, 2024
Italy fines Meta €3.5m for consumer data breaches
Italy’s competition regulator has fined Meta €3.5m for unfair commercial practices at its platform Instagram. The Autorità Garante della Concorrenza…
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June 3, 2024
Hopes high for UK captive regime despite election delays
Airmic and industry players have told Commercial Risk that they remain hopeful for UK captive legislation despite delays to a…
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May 30, 2024
Europe harmonises AML rules as central authority prepares to launch next year
Europe will harmonise its anti-money laundering (AML) rules for the first time, setting up a new central authority for AML…
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May 29, 2024
Regulator warns UK financial sector operational resilience not a tick-box exercise as deadline looms
UK financial firms have been warned preparations for new operational resilience requirements are “not a once and done activity”, with…
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May 29, 2024
EU Council approves methane emission rules for energy sector
Europe’s energy operators will have to measure and monitor methane emissions under new rules adopted by the Council of the…
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May 28, 2024
NGO calls for ban on PFAS pesticides as study detects ‘alarming’ water contamination
Europe should impose a ban on all PFAS pesticides, said scientists at NGO Pesticide Action Network Europe (PAN Europe) after…
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May 28, 2024
German multinationals urged to up ESG game in China
There are currently no mandatory ESG reporting and governance guidelines in China but a leading Beijing-based law firm advising German-speaking…
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May 24, 2024
Future of anti-terrorism bill Martyn’s Law uncertain after UK election pauses legislation
UK legislation requiring public venues to do more to prevent terrorist attacks, known as Martyn’s Law, is not expected to…
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May 24, 2024
EU Council sounds starting gun for compliance with CSDDD as it gets green light
Europe’s Corporate Sustainability Due Diligence Directive (CSDDD) has received final approval and the biggest companies that fall under its remit…
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May 24, 2024
EC fines Mondelēz €338m for anti-competitive chocolate trade
Multinational food and confectionary firm Mondelēz International has been fined €337.5m for breaching the EU’s competition rules by restricting trade…
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May 23, 2024
More chemicals should be banned under Europe’s new toy safety rules, says EU Council
Europe should further strengthen proposals to increase toy safety regulations, the Council of the European Union said as it adopted…
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May 22, 2024
US product safety rules drive recalls to five-year high in Q1, says Sedgwick
The US recorded an 8% rise in product recalls in the first quarter of 2024, according to Sedgwick, with 909…
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May 22, 2024
Europe to roll out AI Act after Council approves bans for ‘unacceptable’ risks
Europe’s Artificial Intelligence Act has been given the final green light following approval by the Council of the European Union,…
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May 22, 2024
German chemical firm BASF offers $317m to settle PFAS action with US public water systems
German chemical firm BASF has agreed to pay $316.5m to settle claims brought by US public water systems that forever…
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May 21, 2024
Product recalls in Europe in Q1 set 2024 on track for record high: Sedgwick
Product recalls in Europe and the UK jumped 10.4% in the first quarter of 2024, according to Sedgwick, and with…
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May 20, 2024
Brazilian states return to court to double dam collapse compensation to $19.5bn
A Brazilian court has been asked to more than double compensation payments from mining companies Vale, BHP and their joint…