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10 Key Digital Regulation & Compliance Developments | Morrison & Foerster LLP

1. Getting Europe ready for the digital age: updates to the proposed Digital Services Act
The dynamic double-team is arriving! In December 2020, the European Commission published two headline proposed pieces of legislation designed to implement the EU’s digital strategy. Together, the Digital Services Act (
DSA) and Digital Markets Act (see more details below) are intended to create a safer digital space and to establish a level playing field to foster innovation and growth both in the EU and globally.
The DSA, as one half of this legislative package, will focus on the regulation of digital services providers, or “intermediaries.” It seeks to address the dominance of “very large” platforms (those reaching over 10% of the 450 million consumers in Europe) and the accountability of companies for third-party content. Breaches of the DSA may attract one-off fines of up to 6% of annual global turnover or periodic penalty payments of a maximum of 5% of average dail ....

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The new Blocking Regulation in China | Dentons

On January 9, 2021, China’s Ministry of Commerce (“
MOFCOM”) issued its first order of the year, the Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Legislation and Other Measures (the “
Rules”), which are immediately effective as of the date of promulgation. These Rules are aimed to counteract the effects of US secondary sanctions, and parallels are inevitably being made with the EU s Blocking Statute
1. This article will point out the five aspects to know about the Rules.
I. What will be counteracted under the Rules?
The Rules aim to block the unjustified extra-territorial application, in China and to Chinese persons and entities, of certain foreign legislation and measures. According to Article 2 of the Rules, the foreign legislation or measures would be blocked if the application was determined to ....

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Protection of Trading Interests (retained blocking regulation)

Protection of Trading Interests (retained blocking regulation)
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