The EU’s AI Act (the “Act”) is the world’s first comprehensive AI law. The Act manages risks posed by certain AI systems and prohibits certain AI-related practices. UK and US organisations should not assume that the Act does...more
11/13/2024
/ Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Automated Systems ,
Biometric Information ,
Critical Infrastructure Sectors ,
Distributors ,
Enforcement ,
EU ,
Filing Deadlines ,
Fines ,
Immigration ,
Importers ,
Law Enforcement ,
Machine Learning ,
Manufacturers ,
Noncompliance ,
Software ,
Training ,
UK
The UK Labour Government published the Employment Rights Bill (“Bill”) last week, alongside a “Next Steps to Make Work Pay” plan (“Plan”), introducing several key employment law changes that will impact all UK businesses,...more
The global AI market was valued at $95.60 billion in 2021 and is predicted to reach $1.85 trillion by 2030, registering a compound annual growth rate of 32.9%. Alongside this growth and the proliferation of AI use cases...more
A new legal mechanism to allow for transfers of personal data between the EU and the U.S. is now advancing after an October 7th, 2022 Executive Order was issued by U.S. President Biden (the “Executive Order”). The new...more
The UK Supreme Court handed down its much-anticipated decision in the Lloyd v Google LLC [2021] UKSC 50 case on 10 November 2021 restricting claimants’ ability to bring data privacy class actions in the UK under the (now...more
Investment firms in the United Kingdom (“UK”) that are authorised to carry on investment services or activities under the Markets in Financial Instruments Directive (“MiFID”) (EU/2014/65) (including alternative investment...more
On 9th December 2019, the Senior Managers and Certification Regime (SMCR) will replace the current Financial Conduct Authority (FCA) Approved Person Regime for practically all FCA authorised firms, including alternative...more
10/3/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Code of Conduct ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Hedge Funds ,
Investment Adviser ,
Senior Management Regime (SMR) ,
Senior Managers ,
SMCR ,
UK
GDPR fines are seemingly like buses, you wait over a year for enforcement action by the UK’s data supervisory authority, the ICO, and then two come along at once – and with quite dramatic effect.
The ICO has stretched its...more
7/25/2019
/ British Airways ,
Corporate Fines ,
Cybersecurity ,
Data Breach ,
Data Security ,
Enforcement Actions ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
Marriott ,
Personal Data ,
Personally Identifiable Information ,
UK
With less than a month to go until the UK is due to leave the EU (at 11pm GMT/12pm CET on 29 March 2019), there is still much uncertainty as to whether, and if so how, the UK will exit the EU (commonly dubbed “Brexit”). In...more
3/13/2019
/ Corporate Counsel ,
Cybersecurity ,
Data Protection ,
EU ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
No-Deal Brexit ,
Personal Data ,
Popular ,
UK ,
UK Brexit
The CJEU (the European Union Court of Justice) has handed down a decision which makes clear that general and indiscriminate retention of electronic communications is unlawful. National legislation of each European Member...more
12/27/2016
/ Court of Justice of the European Union (CJEU) ,
Data Collection ,
Data Protection ,
Data Retention ,
Electronic Communications ,
EU ,
EU Cybersecurity Directives ,
Investigatory Powers Act 2016 ,
Surveillance ,
Sweden ,
Terrorist Acts ,
UK
Taxation of termination payments draft legislation published -
At present, in certain circumstances the first £30,000 of a termination payment is exempt from income tax and national insurance ("NIC"). However, there have...more
11/8/2016
/ Bureau of Industry and Security (BIS) ,
Data Protection Authority ,
Disability Discrimination ,
Employment Contract ,
Employment Rights Act ,
Equality Act ,
EU-US Privacy Shield ,
Information Commissioner's Office (ICO) ,
International Data Transfers ,
Protected Disclosures ,
Reasonable Accommodation ,
Taxable Income ,
Termination Payments ,
UK ,
UK Employment Appeal Tribunal ,
Unfair Dismissal ,
Unilateral Modification ,
Whistleblowers
TalkTalk, a major UK telecoms company, has been fined £400,000 for a data breach after they were hacked. This is a record fine given by the ICO (the UK’s data protection authority). Significantly the fine was imposed after a...more
News & Legislation Update -
The UK votes to leave the EU -
We could not write a roundup of news stories from the UK without referencing the UK's vote to leave the EU. The so-called "Brexit" has created...more
8/1/2016
/ Classification ,
Corporate Counsel ,
Employment Discrimination ,
Employment Tribunals ,
Entrepreneurs ,
Equality Act ,
EU ,
Foreign Workers ,
General Data Protection Regulation (GDPR) ,
Hiring & Firing ,
Jurisdiction ,
Non-Compete Agreements ,
Personal Data ,
Restrictive Covenants ,
UK ,
UK Brexit ,
UK Data Protection Act ,
UK Employment Appeal Tribunal ,
Wage and Hour
The Modern Slavery Act 2015 is new legislation introduced in the UK with the intention of combatting slavery and human trafficking. Continuing the trend for legislation to have extra-territorial reach, as illustrated by the...more
5/27/2016
/ Disclosure Requirements ,
Due Diligence ,
Extraterritoriality Rules ,
Fund Managers ,
Human Trafficking ,
Modern Slavery Act ,
Portfolio Companies ,
Private Investment Funds ,
Section 54 ,
Supply Chain ,
Transparency ,
UK
This month, the FCA and PRA announced a new regime for whistleblowing that will start to be phased in from March 2016. This is part of the broader desire on the part of the UK regulators to encourage individuals to raise...more
10/30/2015
/ Best Practices ,
Board of Directors ,
Employee Handbooks ,
Employees ,
Employment Contract ,
Employment Tribunals ,
Financial Institutions ,
Insurance Industry ,
Internal Reporting ,
Investment Companies ,
MiFID ,
New Guidance ,
New Regulations ,
Notice Requirements ,
Policies and Procedures ,
Reinsurance ,
Senior Managers ,
Settlement Agreements ,
Training ,
UK ,
Whistleblower Protection Policies ,
Whistleblowers