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24/10/2024
On the Pulse webinar series 2024 - Autumn
Welcome to the Autumn part of the 2024 On the Pulse webinar series.  This webinar series brings you updates on the latest legal and commercial developments in the life sciences & healthcare sector from around the world. We will be hosting webinars on:EU Health Data Space - 24 OctoberCyber Breach Preparedness and Response for the Life Sciences & Healthcare Sector - 26 NovemberThe webinars will be one hour in length with a 15-minute Q&A session.
08/10/2024
CEE Energy Conference: Unlocking Opportunities in PPAs & Energy Storage
Energy continues to be one of the busiest sectors in Central and Southeastern Europe. The increased focus on energy security has brought many new developments to light in the region. What are the current projects receiving the most investment across CEE? What are the biggest opportunities for investors? What new projects have emerged and which subsectors are the rising stars? And what are the challenges for energy investors today? What regulations should they be aware of?We will be hosting our CEE Energy Conference: Unlocking Opportunities in PPAs & Energy Storage, bringing together speakers from CMS, TSOs and energy investors with experience of investing in and operating projects across Central and Southeastern Europe. Join us for a morning of insightful presentations and roundtable discussions on Tuesday 8 October from 09:00 BST, followed by a networking lunch at the CMS office in Cannon Place, London. Our speakers will take you through some of the latest developments and opportunities in the energy sector in CEE/SEE, and will also discuss the specifics of Power Purchase Agreements (PPAs) and battery storage developments in the region. The event is free of charge and can only be attended in person. Speakers will be announced closer to the event. We look forward to welcoming you to our flagship CEE/SEE energy conference in London this autumn.
04/10/2024
A week in the world of ESG
A lot can happen over the course of a week in the world of ESG. Since Wednesday 25 September 2024, there have been several important developments in Europe and the US and, while we don’t claim to cover...
04/10/2024
The EU Deforestation Regulation: deferred application, updated guidance...
On 2 October 2024, the European Commission published a proposal for a new legislative act which would defer the application of the recently adopted EU Deforestation Regulation (EUDR) by 12 months, citing...
04/10/2024
Cannabis law and legislation in Romania
Medical use Law no. 339/2005 (the Law) provides that the growth, import and sale of cannabis for medical use is allowed in Romania, but under strict Government supervision. Patients may be prescribed...
03/10/2024
CMS and Access Business Solutions advise Agir Global on acquisition of...
International law firm CMS has advised Turkish steelmaker Agir Global (AGIR HADDECILIK A.Ş.) on the successful completion of the acquisition of 100% of the shares in the Sidma Romania SRL, a subsidiary...
02/10/2024
Taskforce on Inequality and Social-related Financial Disclosures launched
On 23 September 2024, the Taskforce on Inequality and Social-related Financial Disclosures (“TISFD”) was launched.The TISFD, which has been launched to bring attention to the financial risks presented...
01/10/2024
Romania extends MTPL insurance premium cap until 31 December 2024
On 1 October 2024, the Romanian Government’s Decision no. 1191 went into force to extend once again the period of application of the maximum premium for motor third party liability (MTPL) insurance...
30/09/2024
Romania publishes draft decision regulating the NUTRI-SCORE label to market...
The Romanian government published a draft decision to regulate the nutrition label Nutri-Score, an optional form for declaring the nutritional content of food products.Ac­cord­ing to Article 35 para. (2)...
27/09/2024
Regulations on sexual harassment in the workplace in Romania
1. Please describe whether there is any legal regulation (laws or collective bargaining agreements) or other measures in this jurisdiction which prohibit sexual harassment in the workplace, and since...
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25/09/2024
10 years of the CMS Network Sharing Study
Join us as we launch the latest update to the CMS Network Sharing Study where we will reflect on 10 years of the study and the key changes which have taken place during this time.  The fifth edition of this study looks at over 75 network shares in 46 markets since May 2021.  We have seen how policy, regulation, competition, structures and financing are evolving across jurisdictions. Many of the network sharing opportunities available have now been taken and there has been a reduction in regulatory scrutiny across Western Europe which is potentially a result of greater investment in network in­fra­struc­ture.  Dur­ing our launch webinar, we will hear from special guest speakers, Oliver Bradley from Macquarie Group, Karim Taga from Arthur D. Little and Luiz Felippe Zoghbi from from GSMA who will share insights into their roles within the digital infrastructure ecosystem.   Oliver Bradley is Global Head of Digital Infrastructure Investments at Macquarie Capital, responsible for Digital Infrastructure Investments within the Infrastructure and Energy Capital division of Macquarie Cap­it­al.  Karim Taga is the Managing Partner of Arthur D. Little Austria and Global Head of Functional Practices at ADL. He has 25+ years of experience with ADL in the tele­com­mu­nic­a­tion area, including leading the Global TIME practice for over 12 years. The discussion will be chaired by Dora Petranyi, Co-Head of the TMC group and Chris Watson, Chairman of the TMC group. We will also hear insights on anticipated developments in the Network Sharing space from Anne Chitan, Partner at CMS UK and Javier Torre de Silva, Partner at CMS Spain and Anne and Javier are also Co-Heads of the global Communications Subgroup at CMS.  We look forward to you joining us to hear the latest in Network Sharing deals and upcoming trends. There will be an opportunity to put your questions to the speakers so please do bring these to the session.
25/09/2024
CMS Network Sharing 5: Celebrating 10 years of the Network Sharing Study
For the last 10 years we have been following the evolution of network sharing in the telecom industry. This fifth edition continues our study of how companies in the sector use network sharing to save costs and rationalise services. For this edition, the CMS Network Sharing Study not only gathers all factual information about 76 network sharing deals that have been closed from May 2021 in 46 different jurisdictions worldwide, and the differences among them: it also includes interviews with some of the main actors, such as American Tower, Macquarie Capital and Totem Towers, as well as papers from experts regarding topics such as tele­com­mu­nic­a­tions network financing, foreign direct investment, competition Law, 5G, towers and fibre. As a testament to the creativity of the industry, network sharing has slowly shifted.  Sharing through agreements have given place -in some cases- to sharing through incorporated companies.  B-lateral deals do still exist but neutral host networks, serving all operators in the market, are now the main protagonists through which networks are effectively shared by multiple operators. The digital revolution during the last 20 years has required and is still requiring vast investment in access networks including optical fibre, towers and other assets (now satellites): this comes at a cost.  In some cases the traditional telcos couldn’t monetise their investments (perhaps due, in Europe, to excessive regulation). As a result, indebted companies were in need to sell and/or share their infrastructures, sometimes to investment funds that had no ambition to compete in the provision of services and created independent NetCos  offering wholesale services - the US towers market being one example, with 90% of towers controlled by independent TowerCos while in Europe we have seen FibreCos coming to shake up the FTTH build. The time when each operator owned (and financed) the network it used has long passed. Competition in services remains, but now competition in infrastructures (in parallel with competition between different infrastructures) may be the next future. Globalisation has also arrived in network sharing, with growing protagonism in Latin America (the topic of special focus in the Study) and Africa as well as South-East Asia.  South America has seen a large amount of activity and the 5th edition of the study is doing a spotlight on the deals seen in the region. Interestingly, the existence of network slicing in 5G could give the lead again to telecom operators, as it will allow them to create virtual networks, to be offered either to smaller operators or to companies wanting to have their own independent, private and dedicated slice of a network, in a cloud-style net­work-as-a-ser­vice new pattern. The rise of satellite services in the coming years will also create the need for an enhanced spectrum sharing. Satellite will also be a growing infrastructure competing with towers and other access networks. So whilst we reflect on changes and trends since the last few years, our eyes are also turned towards the future and how the industry will adapt and find news ways to share.