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30/10/2024
2024 ITechLaw European Conference in Munich
CMS lawyers are pleased to be attending the ITechLaw European Conference 2024 held in Munich on 30 October - 1 November. Below you can find our top tips for those visiting Munich for the conference, helpfully provided by our Technology lawyers based in the Munich office:Munich (Germany) is the capital of Bavaria. It is a city strongly influenced by Bavarian traditions and rich in history and culture. Many people refer to Munich as the northernmost city in Italy. This is due to the mild summer climate, a touch of Mediterranean flair and the short geographical distance to Italy. Some Facts: Distances:From Munich to the Italian border = 180 Km (approx. 112 miles)From Munich to Hamburg = 770 Km (approx. 480 miles)From Munich to Berlin (580 Km (approx. 360 miles)Pop­u­la­tion:1.589.706 inhabitants (2024). The third-largest city in Germany after Berlin and Ham­burgThe city's metropolitan region is home to about 6.2 million people and the third biggest metropolitan region by GDP in the European Uni­on­Re­com­men­ded:Art and Culture: Munich boasts world-class museums, galleries, and theaters. Visit the Alte Pinakothek for art lovers, the Deutsches Museum for science enthusiasts, and catch a performance at the Bavarian State Opera. Rich History: Munich is steeped in history, from its medieval origins to its role as the capital of Bavaria. Explore iconic landmarks like Marienplatz, Nymphenburg Palace, and the historic city gates. Green Spaces: Escape the hustle and bustle of the city in Munich's expansive green spaces. Relax in the English Garden, one of the largest urban parks in the world, or explore the botanical wonders of the Botanical Garden. Transportation: Munich's efficient public transportation system makes it easy to navigate the city. Utilize the U-Bahn, S-Bahn, trams, and buses (the easiest way to buy tickets is via MVV app), or explore by bike along the city's extensive network of cycling paths. Day Trips: Take advantage of Munich's central location to explore nearby attractions. Embark on day trips to the fairytale Neuschwanstein Castle, the picturesque town of Rothenburg ob der Tauber, or the charming villages of the Bavarian Alps. English-friendly Destination: While German is the official language, English is widely spoken and understood in Munich. Visitors can easily communicate with locals and navigate the city without language barriers. Safety and Cleanliness: Munich is known for its safety and cleanliness. Enjoy peace of mind as you explore the city's streets, parks, and attractions. Beer Culture: Munich is synonymous with beer, particularly during Oktoberfest. Experience Bavarian beer culture at traditional beer gardens like Hofbräuhaus and Au­gustin­er-Keller. Bavarian Cuisine: Indulge in hearty Bavarian dishes such as weißwurst (white sausage), pretzels, schnitzel, and sauerkraut. Don't miss out on trying traditional Bavarian delicacies at local restaurants and beer gardens e.g. Hofbräuhaus. Not re­com­men­ded:Trav­el­ling without cash: Don’t forget cash (there are still many local markets and smaller establishments that don't accept credit cards in Munich). Late hour shopping: Don't expect 24/7 shopping (unlike most major cities, Munich has strict shopping hours, and the shops close at 8pm on weekdays). Ordering the wrong beer: Don’t order a “Pilsener (Pils)”, always order a “Helles”. Feeding the pigeons: Feeding pigeons is not allowed in and around Munich. Walking on bike lanes: Munich is full of cyclists and there are many bike lanes. Please be aware that there might be a lot of traffic on the bike lanes and watch out for speedy cyclists when you are a pedestrian. At CMS, we are proud to have some of the leading global legal specialists in the technology, media and communications sector. Fuelled by huge customer demand for cutting-edge products and increased supply of pioneering services, the sectors of technology, media and communications are each undergoing unprecedented change. Innovation is key, and so tech and telecoms suppliers, and creators and distributors of media, need to protect their investments and maximise their commercial opportunities. At CMS, our global team of over 1000 specialist Technology, Media and Communications (TMC) lawyers has been exposed to virtually every risk and challenge you face. With our long-standing focus on advising suppliers, users, regulators and financiers in the sector, we are best placed to deliver innovative solutions through our award-winning disputes, transactions, IP, commercial, data privacy and security, employment and tax practices. To find out more about our capabilities across TMC, please visit International TMC webpage.
26/06/2024
Africa Energy Forum 2024
Meet CMS Energy & Climate Change experts
19/06/2024
AI Regulations in the EU, UK, and Asia: Essential Insights for HR and Employers
Join the members of the International CMS Employment and Pensions team for a webinar designed specifically for HR professionals, corporate leaders, and legal experts who need to stay ahead of the developments in the AI regulations across jurisdictions. Why Attend? The EU AI Act is poised to reshape the framework within which businesses operate. Understanding its implications is crucial for managing compliance and leveraging AI technology effectively within your HR practices. This webinar, led by employment law experts from CMS, will cover:Overview of the most important regulations in the EU AI Act for em­ploy­ersSpe­cif­ic impacts of the EU AI Act on roles, AI skills, AI-policies and the relationship with the works councilInsights on AI regulation in the UK and AsiaThe session will be conducted in English and is free of charge. We look forward to seeing you.
12/06/2024
CMS Annual Private Clients Conference 2024
The CMS Private Clients Group is pleased to invite you to 4th Annual Private Clients Conference. 
07/06/2024
EU Competition Law Briefing
The EU Competition Law Briefings have been created to provide a platform for our clients and other competition law experts to stay up to date on the developments of EU Competition Law. 
05/06/2024
Cross-border Financial Services 2024 webinar series
We're delighted to announce the launch of our third season of international webinars focusing on financial regulation, starting on 13 March 2024. Whether you are an in-house lawyer, compliance officer, financial analyst, risk manager, or any other professional concerned with maintaining the integrity of your organisation's financial practices, this series offers succinct 20-30 minute overviews of key industry trends and regulatory concerns across mul­tiple jur­is­dic­tions. If you have any additional topics that you would like us to add or address at one of the webinars, please contact us. Upcoming Webinars: 5 June: Preparing for a regulatory visit  How the banking regulator assesses a firm’s systems and controls: what to prepare and what to look out for.3 July: Handling a challenging ap­plic­a­tion  Your application for a licence, product approval or change in control is meeting with regulatory resistance.  How can you surmount these challenges?31 July: Dawn Raids  Un­an­nounced regulator visits are on the increase.  We look at what triggers a dawn raid, your rights if one happens, and how best to manage the consequences.4 September: Navigating the global ESG land­scape Is the regulatory reporting jigsaw puzzle causing more harm than good? We will provide an overview of the main cross-border issues impacting global financial institutions as they seek to manage ever expanding ESG regulations and discuss whether these rules are helping or hindering the action we need for change. The language of the webinar will be English.
29/05/2024
2024 Insurance sector webinar programme
Notwithstanding the extraordinary times we’ve all been operating in, the insurance sector continues to deal with fast-paced changes. Insurance companies should keep up with changing regulations and market trends that will impact on their day-to-day operations and long-term business. It has become crucial for (re)insurers, brokers, their risk managers and general counsels to get the right insight and advice across a wide range of claims and coverage, and regulatory and corporate issues. To deliver the expert responses that the insurance market needs, the CMS Insurance Group has developed a comprehensive programme for 2024.
22/05/2024
ACC Europe Annual Conference 2024
CMS - Meet our Experts
21/05/2024
Digital Operational Resilience Act (DORA): Impact on the funds sector
The Digital Operational Resilience Act (DORA) is a transformative force in the funds sector, reshaping the relationships between financial entities, financial markets and ICT providers to achieve greater digital resilience. 2024 stands as a pivotal year for DORA’s implementation since the Act will come into effect in January 2025. Our CMS Funds experts are sharing insights on the challenges and key components of this transformation in our upcoming video series, covering the following key components:
17/05/2024
CMS International Construction Study 2024
In recent years, construction and engineering businesses have faced a whole storm of headwinds. CMS, in partnership with YouGov, asked in-house lawyers about the biggest challenges of managing disputes in this environment - and how those challenges can be met.   Sixty-second summaryThe evolving nature of construction risk will see changes to standard contracts and negotiation positions. It may also bring more disputes, particularly where those changes lag behind project realities. Fewer than half the businesses we surveyed reported that the in-house legal or contract management team is always consulted at the start of a project to identify areas of risk and to establish appropriate risk management strategies. Most in-house lawyers believe their businesses could improve the way in which risk is managed during projects - often in a number of important ways. Despite the potential benefits, only 17% of the in-house lawyers we surveyed are using AI in disputes or contract management. Some say they will never use it. Most in-house lawyers believe their businesses have a lot of scope to improve the way that project risks are managed. AI has the potential to be a game-changer in this area by optimising processes, planning, scheduling and other elements of case management and by revolutionising the way a business handles its portfolio of contracts. 
17/05/2024
CMS Expert Guide to real estate finance law
A clear understanding of the security available is fundamental for lenders and borrowers. To assist, CMS has launched an interactive International Guide to Real Estate Finance. This provides a clear and...
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