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12/09/2024
Global Arbitration Review
The 2024 edition of the Global Arbitration Review guide has been published. Our special thanks to our clients for their trust! Global Arbitration Review ranks CMS 21st The Global Arbitration Review guide...
05/09/2024
CMS Francis Lefebvre advises Franklin Templeton
CMS Francis Lefebvre advises Franklin Templeton on its off-plan purchase of property from Nexity CMS Francis Lefebvre has advised Franklin Templeton, accompanied by Colliers, on the acquisition of two...
04/07/2024
CMS Francis Lefebvre elects new advisory board
At their General Meeting of 27 June 2024, the partners of CMS Francis Lefebvre elected three new members to their firm’s Advisory Board: Al­ex­an­dre Delhaye, Laurent Hepp and Claire Vannini. All three...
02/07/2024
CMS Francis Lefebvre elects new management board
On 11 June 2024, based on a vote by the firm’s partners, the CMS Francis Lefebvre Advisory Board appointed the firm’s new Management Board, comprised of the following four partners: Jean-Philippe...
17/06/2024
General Data Protection Regulation
The Europe-wide analysis conducted by the CMS network shows that data protection authorities are stepping things up. Fines handed down since GDPR came into force back in 2018 now total €4.5 billion...
04/06/2024
New USPP under Belgian law for Biobest
Biobest Group (now operating as BioFirst Group), a world leader in pollination and integrated biological control, has successfully issued its new USPP governed by Belgian law, which was subscribed by...
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
15/05/2024
EU Member States fail to reach political agreement on draft VAT in the...
The Council of the European Union has indicated that all Member States except one approved the compromise version of the draft ViDA Directive following their examination of the text on 14 May 2024. According...
11/04/2024
CMS signs global partnership with leading legal GenAI vendor Harvey
CMS signs global partnership with leading legal GenAI vendor Har­vey­In­ter­na­tion­al law firm CMS has entered into a global partnership with Harvey, one of the world’s leading generative AI (GenAI) platforms...
05/04/2024
Electronic invoicing: What does the reform entail?
‑‑This page presents the main aspects of the reform and is updated periodically (last updated on 04/01/2024). The legislative framework is defined by the Amending Finance law No. 2022-1157 of 16 August...
05/04/2024
Electronic invoicing and transmission of transactions data to the tax authorities
Check out our infographics to understand the basics of the reform. The legislative framework for this e-invoicing reform is defined in an Amending Finance Act (Act No. 2022-1157 of 16 August 2022, Art...
28/03/2024
Transfer pricing
The 2024 Finance Law, passed on December 29, 2023, introduced new measures to extend and strengthen French transfer pricing documentation re­quire­ments. More specifically, the measures introduced by the...