The decision is an example of the English Courts’ willingness to develop and apply existing case law to contemporaneous disputes, in this case in relation to crypto assets and persons unknown who might be out of the jurisdiction (a common feature of such cases) to ensure victims have a timely means of tracing and recovering stolen assets.
On 19 July 2022, the UK Government issued legislation which changed the definition of a “relevant firm” to now include crypto-asset exchange providers and custodian wallet providers (“Crypto Firms”). As such Crypto Firms will now have reporting obligations under UK sanctions legislation.
Check out this whitepaper developed by Foley & Lardner LLP to learn more about the top twelve trends in the digital assets space.
On May 19, 2022, the US Department of Justice (“DOJ”) announced significant clarifications to its policy on charging Computer Fraud and Abuse Act (“CFAA”) violations that give some comfort to cyber security consultants who engage in network testing and related operations. Such activity has long been a gray area for “white hat” hackers.
On May 26, 2022, the US Department of Commerce, the Bureau of Industry and Security (BIS) issued a final rule, finalizing changes to License Exception Authorized Cybersecurity Exports (ACE) and making related changes to other sections of the Export Administration Regulations (EAR). These changes include narrowing of exceptions for end use restrictions applicable to certain government end users in Cyprus, Israel, and Taiwan under License Exception ACE and addition of new end use restrictions for License Exception ENC (Encryption Commodities, Software, and Technology).
Learn key US data regarding how companies approach the challenge of adapting to and complying with the evolving privacy landscape, in this survey report by Womble Bond Dickinson.
The rules on international transfers of personal data have become increasingly complex since the judgment of the Court of Justice of the European Union (“CJEU”) in the Schrems II case in July 2020.
This article includes a review of Wyoming’s attributes as a jurisdiction to base a corporation, limited partnership (“LP”) or
limited liability company (“LLC”), and then reviews Wyoming’s unique (in the United States) laws facilitating company and investment fund formation and investment vehicles focused on cryptocurrencies, digital assets and DAOs.
Check out ACC's selection of curated insights, samples and events in the ACC Privacy and Cybersecurity Resource Center
On March 7, 2023, the Data Protection Commission (“DPC”) published its Annual Report for 2022 (the “Report”). 2022 marked the fourth full year of the implementation of the GDPR and saw significant effort by the DPC to ensure compliance with the GDPR across Ireland. The most frequent GDPR queries and complaints received by the DPC related to Access Requests; Fair Processing; Disclosure; Direct Marketing; and the Right to be Forgotten.