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12 May 2021
CMS Glob­al Fintech Up­date
The leg­al frame­work in the fintech in­dustry is chan­ging very quickly and some­times var­ies greatly from jur­is­dic­tion to jur­is­dic­tion.Our glob­al up­date, will give you an over­view of the latest changes and top­ics we have been deal­ing with in Europe, Africa and Lat­in Amer­ica re­gion. This will give you an at a glance sum­mary of a num­ber of art­icles that we have pro­duced on a loc­al basis.For a more in-depth ana­lys­is or for any ques­tions, please reach out to your usu­al CMS con­tact or lis­ted be­low Fintech ex­perts.
10 May 2021
Vi­ol­a­tion of mer­ger con­trol pro­ced­ur­al rules: European Com­mis­sion fines...
On 3 May 2021, the European Com­mis­sion fined chem­ic­al maker Sigma-Ald­rich EUR 7.5 mil­lion for provid­ing mis­lead­ing in­form­a­tion dur­ing mer­ger con­trol pro­ceed­ings for Sigma-Ald­rich’s takeover by rival...
05 May 2021
EU Com­mis­sion pro­poses new in­vest­ig­at­ive re­view tools to tackle mar­ket...
On 5 May 2021, the European Com­mis­sion pro­posed the Reg­u­la­tion of the European Par­lia­ment and of the Coun­cil on for­eign sub­sidies dis­tort­ing the in­tern­al mar­ket (For­eign Sub­sidies Reg­u­la­tion or FSR) to...
04 May 2021
With Il­lu­mina ac­tion, court to test EU Com­mis­sion's new mer­ger re­fer­ral...
On 29 April 2021, the US life sci­ences com­pany Il­lu­mina con­firmed that it filed an ac­tion be­fore the EU courts ask­ing for an an­nul­ment of the European Com­mis­sion’s de­cision of 19 April 2021 to ac­cept...
29 April 2021
CMS in 27 areas of law one of the "Top Law Firms" in Switzer­land
CMS once again one of the lead­ing law firms in Switzer­land For the fifth time, the lead­ing Swiss busi­ness magazine BIL­ANZ and news­pa­per Le Temps have pub­lished their rank­ing of the best law firms...
28 April 2021
ECJ to is­sue pre­lim­in­ary rul­ing on Ger­man FCO-Face­book case
In 2019, the Ger­man Com­pet­i­tion watch­dog Fed­er­al Car­tel Of­fice (FCO) is­sued a re­mark­able de­cision against Face­book, which has been sub­ject to on-go­ing leg­al pro­ceed­ings that have kept an­ti­trust and data...
28 April 2021
Chal­len­ging bond calls on in­ter­na­tion­al pro­jects: Eng­lish courts vs Emer­gency...
A re­cent de­cision of the Eng­lish Com­mer­cial Court has re­fused an ap­plic­a­tion for an in­junc­tion re­quir­ing a be­ne­fi­ciary un­der an on-de­mand bond to with­draw its de­mand and re­frain from mak­ing fur­ther de­mands...
27 April 2021
The Fed­er­al Su­preme Court's judg­ment in the mat­ter "Hors-Liste Medika­mente...
On 21 April 2021, the Fed­er­al Su­preme Court pub­lished a judg­ment against Pf­izer re­gard­ing the sanc­tion or­der of the Com­pet­i­tion Com­mis­sion (COMCO) in the mat­ter Hors-Liste Medika­mente (Pre­isem­p­fehlun­gen)...
27 April 2021
European Com­mis­sion pub­lic con­sulta­tion on aid for re­search, de­vel­op­ment...
On 8 April 2021, the European Com­mis­sion has launched a pub­lic con­sulta­tion in­vit­ing in­ter­ested parties to sub­mit their com­ments on the pro­posed re­vi­sion of the State aid Frame­work for re­search, de­vel­op­ment...
27 April 2021
Join­der of third-parties to ar­bit­ra­tion pro­ceed­ings: High Court of Singa­pore...
In a re­cent de­cision, the High Court of Singa­pore has held that a third-party par­ent com­pany of one the parties to a Singa­pore-seated LCIA ar­bit­ra­tion had not con­sen­ted to be­ing joined to the ar­bit­ra­tion...
26 April 2021
European Com­mis­sion pro­poses first leg­al frame­work on AI
Over the last two years, the EU has paved the way for a uni­form leg­al frame­work for the de­vel­op­ment, mar­ket­ing and use of AI that con­forms with Uni­on val­ues. As a res­ult, on 21 April 2021 the European...
23 April 2021
The Road to COP26: Our 101 on COP26
COP26 is sched­uled to take place from Monday 1st Novem­ber – Fri­day 12th Novem­ber 2021 in Glas­gow. It was ori­gin­ally in­ten­ded to take place last Novem­ber but was post­poned due to COV­ID-19.  It brings...