COVID-19: THE ECONOMIC IMPACT ON THE EUROPEAN VENTURE CAPITAL INDUSTRY

The COVID-19 pandemic is creating significant economic challenges for industries world-wide. The European venture capital industry and the start-up ecosystem it supports is no exception. Recent Trends Before the onset of the pandemic, European venture capital deal activity was very healthy. Whilst there was a downward trend in terms of deal count (attributable to late-stage … Read more

Gambling and the COVID-19 Crisis

Gambling Commission Guidance The Gambling Commission has released new guidance acknowledging the increased challenges that businesses in the industry are facing as a result of the COVID-19 pandemic. The guidance explicitly reminds licensees that: they are expected to follow Public Health guidance; they should assess their ability for continued compliance with their relevant licence conditions … Read more

Budget 2020 – Investing in digital infrastructure, skills and R&D

On 12 March 2020, the Chancellor of the Exchequer, Rishi Sunak, presented the 2020 Budget – the first since the UK exited the European Union (available here). The following announcements (some of which are new, but others build on previously announced measures) are likely to be of particular interest to the Technology, Media and Telecoms … Read more

Airbnb, TripAdvisor, Booking.com and Expedia strike data sharing deal with the EU

5 March 2020 saw the European Commission (EC) announce an unprecedented agreement with short-stay accommodation titans Airbnb, Booking.com, Expedia and TripAdvisor to share and publish data (on the number of nights booked and the number of guests staying) with the EC via Eurostat (the EU’s statistical office) (press release here). Eurostat will then aggregate the … Read more

Artificial Intelligence in the Public Sector – a new regulatory field?

In our latest Public Law blog post, Andrew Lidbetter, Nusrat Zar, Jasveer Randhawa and Claire Hall discuss the Committee on Standards in Public Life’s recently published report on artificial intelligence and its impact on public standards. They comment on the Committee’s recommendations for the governance and regulation of AI in the public sector, aimed at … Read more

UKJT Legal Statement on Cryptoassets and Smart Contracts aims to give market confidence that England & Wales is a crypto-friendly jurisdiction

The UK Jurisdictional Taskforce (UKJT) published a Legal Statement on 18 November 2019 concluding that there is no bar under English law for cryptoassets to have the legal status of property and for smart contracts to be legally binding. The UKJT is one of 6 taskforces under the Law Tech Delivery Panel (LTDP), a government–backed … Read more

UK Government issues call for Views on post-Brexit Cyber Security Certification

Last week, the Department for Digital, Culture, Media & Sport issued a Call for Views on the certification scheme currently anticipated by Regulation (EU) 2019/881 (the Cybersecurity Act) after Brexit. The closing date for responses has been extended to 15 October 2019. In the issued document, the UK Government proposes to maintain “a close relationship with the EU … Read more