The long-anticipated initiative to establish a new legal framework for personal data protection in Albania is finally moving forward, as the Council of Ministers has approved a draft law that aligns closely with the European Union’s General Data Protection Regulation (GDPR). This proposed legislation promises to bring significance in this important but frequently underappreciated legal domain. With its comprehensive approach and alignment with EU standards, the new law aims to greatly improve privacy protection in the national context.
Wardynski & Partners Advises Modern Times Group on Acquisition of Plarium Global
Wardynski & Partners, working with Baker Botts, has advised Modern Times Group on its acquisition of Plarium Global.
Ellex and Kirkland & Ellis Advise Advent International on Acquisition of Nuvei Corporation
Ellex, working with Kirkland & Ellis, has advised Advent International on its acquisition of Nuvei Corporation. Stikeman Elliott and Sorainen reportedly advised Nuvei.
New Product Liability Directive and Software AI Newly Considered as Products
On 18 November 2024, the new Product Liability Directive (the Directive) was published in the Official Journal of the EU (link). It replaces almost 40 years of legislation that was no longer relevant in the digital age, given the dynamic development of new technologies. What does it bring and what has changed? We have prepared a short summary for you.
TGS Baltic Advises Superhero Capital on EUR 2.5 Million Investment Round for Cyber Upgrade
TGS Baltic has advised Superhero Capital on leading a EUR 2.5 million investment round for Cyber Upgrade with Specialist VC, Firstpick, NGL Ventures, and angel investors Marios S. Kalochoritis and Sergei Anikin also participating. Noor reportedly advised on the round as well.
Paksoy Advises General Atlantic on USD 500 Million Series E Investment in Insider
Paksoy, working with Milbank, has advised General Atlantic on its USD 500 million lead investment in Insider's series E funding round.
Rymarz Zdort Maruta Successful for DESA Unicum Before Internet Domain Arbitration Court
Rymarz Zdort Maruta has successfully represented DESA Unicum before the Internet Domain Arbitration Court at the Polish Chamber of Information Technology and Telecommunications in a case brought by Desa Dziela Sztuki i Antyki concerning the infringement of rights as a result of an agreement for the maintenance of the desa.pl domain name.