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Expertise
15/05/2024
Six years of GDPR: Europe-wide analysis shows increasingly dynamic sanction...
Highest GDPR fine of 1.2 billion euros imposed by the Irish data protection authority in May 2023 for a breach of the rules on international data transfers. Further fines imposed by this authority in 2023 amounted to hundreds of millions of euros. The main violations are “Insufficient legal basis for data processing” and “Failure to comply with the general principles of data processing”. The next most common violation is “Insufficient technical and organizational measures to ensure information security”. Spain tops the list of countries with the most fines for the fifth year in a row, followed by Italy and Romania. Ireland, Luxembourg and France have the highest average fines and total amounts per country. Berlin – Today, international law firm CMS has published the fifth edition of its annual Enforcement Tracker Report. The English-language report shows the developments of all publicly known GDPR fines based on CMS's own online database, GDPR Enforcement Tracker. The current edition of the report covers the analysis period between March 2023 and March 2024. 510 fines were added for the past year as of the editorial deadline on 1 March 2024. This brings the total number of data protection fines since the GDPR came into effect in May 2018 to 2,225, or 2,086 if only fines with full details such as the amount of the fine, date and authority are counted. The total amount of fines since the start of the survey is around 4.5 billion euros. This means that fines of around 1.7 billion euros have been added compared to last year’s Enforcement Tracker Report. This shows that authorities are no longer shying away from imposing high fines. The average fine for the entire reporting period was around 2.1 million euros - with high fines against “big tech” companies in 2021/22 and the first fine in the billions in 2023 having a particularly heavy impact.“At the top of the list of GDPR fine triggers is, once again, insufficient legal basis and non-compliance with the general data processing principles as well as insufficient technical and organisational measures. Companies should pay particular attention to this,” says Christian Runte, lawyer and partner at the international commercial law firm CMS Germany. Dr Alexander Schmid from the Enforcement Tracker team at CMS Germany adds: “In addition to data protection authorities, the courts have also increasingly dealt with the interpretation of the GDPR. For example, the Court of Justice of the European Union has further clarified the scope of data subjects' right of access. “These rulings create more clarity, but at the same time tighten the requirements for companies, which is why, in addition to a viable compliance concept, current developments will also be decisive for them in practice in the future.”Read the full Enforcement Tracker Report here; a summary can be found here. Pressekon­takt presse@cms-hs. com
28/11/2023
CMS launches International Digital Regulation Hub providing a clear roadmap...
All businesses should be prepared to grasp the opportunities in digital regulation 
06/07/2022
CMS Turkey and CMS Albania jointly assisted Yildirim Group on the acquisition...
CMS Turkiye (led by the Managing Partner Done Yalcin) and CMS Albania (led by the Managing Partner Mirko Daidone) jointly assisted Yildirim Group (Turkish) – the second largest high quality high carbon...
06/04/2022
CMS Albania has advised 4IG on the acquisition of One Tele­com­mu­nic­a­tions...
CMS has assisted 4iG on the indirect acquisition of One Tele­com­mu­nic­a­tions, upon acquiring all the shares in the Bulgarian company Albania Telecom Invest. One Tele­com­mu­nic­a­tions is a major tele­com­mu­nic­a­tion...
23/12/2020
CMS al fianco di Coty nella strutturazione della vendita del ramo Professional...
CMS – tra i primi 10 studi legali a livello internazionale - ha coadiuvato lo studio americano Skadden Arps nell’ambito dell’im­ple­mentazione degli aspetti operativi tesi alla riorganizzazione in...
04/05/2020
Working regimes of competition authorities in western Balkan countries...
Due to the coronavirus pandemic, many countries have instituted extraordinary mandatory measures to prevent further spreading of COVID-19, such as restriction of movement and public gatherings, closure...
04/02/2019
CMS Dawn Raid Assistant app
CMS has launched a free mobile application that provides guidance for competition-law dawn raids in 27 countries. Dawn raids are becoming more common these days, with authorities imposing huge fines...
13/06/2018
CMS introduces Private Placements online Questionnaire
Private placements are increasingly being used for debt funding as an al­tern­at­ive to bank financing Find the right one for you! The market offers a large number of Private Placement (PP) products with...
22/03/2018
CMS in the 30 million Euro financing transaction of “UKT”, the Albanian...
Tirana, 22 March 2018 – The CMS office in Tirana collaborated with the European Bank for Reconstruction and Development (EBRD) in Albania in the financing transaction of Ujësjellës Kanalizime Tiranë...
10/01/2018
“Values under Pressure: The Role of Ethics in Business” at CMS event in...
Frankfurt, 10 January 2018. CMS, a top ten international law firm, in conjunction with Germany’s leading weekly newspaper Die Zeit, will host a reception in Davos on 24 January to discuss current trends...
25/01/2017
M&A market in Central-Eastern Europe boasts its highest value since 2013...
According to the “Emerging Europe M&A report 2016/2017” published by CMS in cooperation with EMIS, M&A deals in Central-Eastern Europe peaked in value in 2016 at €86.7bn. This represents a 62% increase...
10/06/2016
CMS remains on growth path: 8.4 % increase in revenue to EUR 1.01bn in...
Frankfurt, 10 June 2016. CMS, the top 10 international law firm, today announces its financial results for 2015. Total annual revenues of EUR 1.01bn compared with 2014 revenues of EUR 934.5m, a year-on-year...