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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
21/02/2024
CMS alongside Baillie Gifford and Durable Capital Partners funds in the...
21 February 2024 CMS-among the top ten law firms in­ter­na­tion­ally-as­sisted the British investment fund Baillie Gifford and the American investment fund Durable Capital Partners in the legal aspects related...
21/12/2023
Harrison Street and Artisa Group sign joint venture to invest in real estate...
Harrison Street and Artisa Group entered into a joint venture with the aim of investing in pan-European real estate assets suitable for development or conversion into high-end micro-living units, which...
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 
09/10/2023
CMS assisted Ryder Cup Europe LLP in all legal aspects related to the 2023...
9 October 2023 -  CMS advised Ryder Cup Europe LLP on all legal aspects related to the 2023 edition of the “Ryder Cup” - the most prestigious golf competition in the world and the third most important...
03/08/2023
CMS advises Baillie Gifford, Lead Investor in €100 million Round in Bending...
CMS has advised Baillie Gifford, lead investor in the €100m investment round in Bending Spoons, a world-leading Italian start-up in the development and com­mer­cial­iz­a­tion of applications for mobile devices...
14/07/2023
CMS and Pirola Pennuto Zei & Associati in the acquisition of TEXA Industries...
nVent, a global leader in electrical connection and protection solutions, on 11 July 2023 announced it has acquired TEXA Industries, which will operate within its Enclosures business segment. The acquisition...
22/05/2023
Europe-wide analysis on the fifth anniversary of the GDPR reveals data...
European data protection authorities imposed fines totalling over 2.7 billion euros in more than 1,500 publicly known cases for violations of the General Data Protection Regulation, which has been in...
14/02/2023
Edra acquires a majority stake in Xplainers: Orrick and CMS the firms involved
Orrick advised Edra S.p.A, a leading Italian company in healthcare and health communication and knowledge and which is part of the LSWR Group, in the acquisition of a majority stake in Xplainers S.r.l...
10/10/2022
CMS alongside Fineco Asset Management dac in the process of listing on...
CMS, one of the top ten law firms at international level, with a team composed of Counsel Giulio Poggioli and Partner Massimo Trentino, assisted Fineco Asset Management dac (a management company incorporated...
27/06/2022
CMS and Orsingher Ortu have respectively assisted Intesa Sanpaolo and Thought...
CMS and Orsingher Ortu have assisted, respectively, Intesa Sanpaolo and Thought Machine in the definition of the agreements concerning the use of “Vault Core", the technology selected by Intesa Sanpaolo...
04/04/2022
CMS signs a three-year agreement providing legal assistance on cybersecurity...
CMS, one of the world's top ten law firms with solid experience in the legal management and mitigation of cybersecurity and data protection threats, has signed a strategic international partnership agreement...