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EMEA: Digital Health Solutions Survey

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France, Italy, Germany, Spain, Russia and UK: Top digital health solutionsWhether your company is new to the digital health space, or enhancing its existing...

South Africa: Cybercrime post COVID-19 – Authorized push payment fraud in the world of...

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COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.

EU Consumer Protection Law Developments – Impact on the TMT Industry Webinar

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On Monday 15 June 2020, our Baker McKenzie TMT industry group experts hosted a virtual webinar session on the EU Consumer Protection Law Developments...

Canada: Bill 64 and its proposed amendments to Quebec’s Privacy Laws

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On 12 June 2020, the government of Quebec introduced Bill 64, "An Act to modernize legislative provisions as regards the protection of personal information" (Bill). The Bill proposes to modernize the existing framework applicable to the protection of personal information by amending various public, and private sector Quebec laws, to align closer with the requirements under the federal Personal Information Protection and Electronic Documents Act (PIPEDA) and the European General Data Protection Regulation. The Act respecting the protection of personal information in the privacy sector, which is Quebec’s private sector privacy law, is one of the laws that will be significantly impacted by Bill 64.

South Africa: Cybercrime post COVID-19 – Authorized push payment fraud in the world of...

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COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.

Belgium: The FSMA clarifies the rules on distance marketing for financial services and products

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The Belgian Financial Services and Markets Authority (FSMA) published guidance on the rules in relation to distance marketing of financial services and products, mainly in light of the COVID-19 pandemic. The FSMA’s communication provides useful and practical guidance for financial services firms to consider when using remote sales techniques when marketing their products or services.In this regulatory briefing, we consider the FSMA’s guidance and discuss the most important rules that must be taken into account by the financial services industry in this regard. 

Vietnam: Fintech regulatory landscape in Vietnam

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Financial technology, or fintech, has been transforming a wide range of financial services, receiving warm- welcomes by a fast growing number of adopters and attracting hundreds of billions of USD in global investment value in recent years. As at 30 September 2019, from only 0.4% in 2018, Vietnam rose to rank second in ASEAN in terms of fintech funding, attracting 36% of the regional investment, second only to Singapore with 51%. However, the financial areas transformed by fintech are quite limited, with 98% of the funding concentrated in the payment sector and 1% in blockchain tech related, according to a joint report by United Overseas Bank (UOB), PricewaterhouseCoopers (PwC) and (Singapore FinTech Association) SFA.  Vietnam is still considered as having limited fintech activities and remains an unlikely home base of choice for fintech firms. One of the factors largely impacting the local fintech growth include an unprepared regulatory framework where regulations mostly evolve around fintech in the payment industry.

Global: Re-Opening under COVID-19: Data Privacy and Security Survey

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As the world continues to grapple with the COVID-19 pandemic and its profound impact across regions and industries, lockdowns are gradually being eased in...

EU: A Strengthening Partnership – European Union’s New Africa Strategy Amidst COVID-19 Uncertainty

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In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy...

Global: Asia Pacific Digital Transformation Webinars

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As the COVID-19 pandemic continues to have a profound impact on businesses, companies have started to focus on navigating the medium- to long-term implications...
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