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By Sue Gilchrist, Steve Wong and Byron Turner Businesses involved in advertising cryptoassets and related products to a consumer audience should consider any exposure to consumer protection laws and advertising regulations. Read more
The Law Commission of England and Wales has published a consultation paper (the Paper) on the recognition and protection of digital assets. The consultation, which closes on 4 November 2022, focuses on the legal treatment of digital assets and recommends law reform to create a third category of personal property – referred to as “data … Read more
Cathy Liu shares some recommendations for brands doing business in China following the latest online promotion and advertising trends, beginning with tightening regulation of the booming livestreaming and KOLs (influencers) industry, underlining the importance of honest representation (including account profile, audience comments and video settings) and a crack-down on false claims in advertising. Geopolitical tensions … Read more
Cameron Whittfield and Peggy Chow discuss the latest cybersecurity trends for consumer-facing companies including external threats which may include working with third parties and complex supply chains through to the malicious targeting of companies with ransomware, current affairs and social engineering, the cryptocurrency marketplace and geopolitical factors. They emphasise the importance of internal stakeholders speaking … Read more
UK – Finance (and E-Commerce) The Digital Services Tax (“DST“) will be repealed at the earlier of 31 December 2023 or the implementation of Pillar One of the Two-Pillar Solution to address the tax challenges arising from the digitalisation of the economy. Read more
EU – FINANCE Crowdfunding service providers must transition to the framework provided by the Regulation on European Crowdfunding Service Providers, which came into force on 10 November 2021, by 10 November 2022. The new rules provide standardised requirements across the EU for lending- and investment-based crowdfunding for offers up to €5 million per project owner. Read more
UK– COMPETITION The Competition Market Authority (“CMA“) has launched a market study into music and streaming services that will focus on potential harm to consumers as well as any lack of competition in the market caused by current practices. The study will consider how the market influences consumers’ experience and if innovation is being stifled. Read more
We understand today that the progress of the long-awaited UK Online Safety Bill is expected to be delayed, following Boris Johnson’s resignation as prime minister. The draft Bill was due to reach the final stages of its path through the House of Commons (Report Stage and Third Reading) next week before summer recess on 21 … Read more
Julian Lincoln and Susannah Wilkinson explain the fundamentals of buying, selling and issuing Non-Fungible Tokens (NFTs) to reach new consumers and marketplaces – describing NFTs as the “digital bridge” between traditional physical products and the metaverse. They outline some of the important legal aspects (e.g. IP rights, consumer protection and financial services regulation) to consider … Read more
