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Bundesamt für Sicherheit in der Informationstechnik – BSI ) has now been assigned the task of establishing
binding minimum standards for IT security in consultation with the departments. [1]
The BSI s powers to receive information on IT vulnerabilities and to notify affected IT manufacturers are expanded, and it is also clarified that the BSI is not entitled to refuse to accept information.[²]
Data protection
The IT-SiG 2.0 simplifies the data protection requirements that apply to the BSI with regard to the processing of log data.
Under sec. 5 para. 1 sentence 1 no. 1, para. 2 of the Act on the Federal Office for Information Security (
Gesetz über das Bundesamt für Sicherheit in der Informationstechnik – BSIG ), which applies unchanged, the Federal Office may, in order to avert threats to federal communication technology, collect and analyse in an automated manner
The impact of a no deal Brexit on UK/EU cross
border insolvencies
Throughout the transition period the Recast Regulation has
continued to operate as between the UK and the remaining member
states.
The Withdrawal Agreement provides specifically in relation to
the Recast Regulation that: In the United Kingdom, as well as in the Member
States in situations involving the United Kingdom, the following
provisions shall apply as follows:
. (c) Regulation (EU) 2015/848 of the European Parliament
and of the Council shall apply to insolvency proceedings, and
actions referred to in Article 6(1) of that Regulation, provided
that the main proceedings were opened before the end of the
This paper attempts to provide a definition and context for the term,
Environmental, Social and Governance (“ESG”), explain how and why it is used, demonstrate how investors are driving the proliferation of ESG reporting, illuminate how investor reliance on ESG information creates new risks for reporting companies, and suggest steps attorneys can take to help mitigate the risks. This paper also provides a short summary on some hot topics in the ESG world.
I. The Evolution of ESG Disclosures
A. What is ESG?
In basic terms, ESG is a collection of information about a company’s operations in three broad areas of activity: Environmental, Social and Governance. It is data-based as well as narrative, and typically static or backward-looking. Increasingly, ESG reporting is goal-oriented and aspirational. Oftentimes, ESG is used interchangeably with the term “sustainability.”