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Global Perspectives

FDA Publishes Draft Updated Guidance on Medical Device Cybersecurity

We celebrated National Cybersecurity Awareness Month a few weeks ago by bringing you the FDA’s newly published Medical Device Cybersecurity Regional Incident Preparedness and Response Playbook, with a promise to cover the Agency’s promised update on its Guidance for Content of Premarket Submissions for Management of Cybersecurity in Medical Devices, which was first published in 2014.... Continue Reading…
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Bit by bit: one step closer to regulation as the Cryptoassets Taskforce states it will consult on crypto regulation in 2019

As part of Reed Smith’s client alert series on global regulatory developments in distributed ledger technology (DLT), this article summarises the latest report published by the UK Cryptoassets Taskforce (the Taskforce) on its approach to cryptoassets. The report builds on the previous discussion statement issued by the Financial Conduct Authority (FCA) in December 2017, and states that “strong action” is needed to address cryptoassets in the UK.
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One country, three systems: A primer on arbitration in the United Arab Emirates

The United Arab Emirates (UAE) is an extremely interesting jurisdiction from a legal perspective. Those contemplating entering into contracts that have a connection to the UAE, or indeed to the wider Gulf and Middle East region, may be interested to learn that there are three separate legal systems that operate within the UAE, which find their basis in both civil law and common law. When it comes to the resolution of disputes, this offers parties with a choice in how they would like their disputes resolved but also raises certain intricacies of which they should be aware in exercising that choice. This update deals with five such aspects.
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Singapore to adopt new legislation on unsolicited commercial messages, and enhanced practical guidance framework for data protection

On 8 November, 2018, Singapore’s Personal Data Protection Commission (PDPC) issued its response to feedback received on a public consultation paper. In that consultation paper, the PDPC had proposed to: merge the Do Not Call provisions in the Personal Data Protection Act 2012 of Singapore (PDPA) and Spam Control Act into a single legislation to...… Continue Reading
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10,000 Foot View

Tech control: How fintech M&A is shaping the financial future

The financial services sector is undergoing a technology-driven metamorphosis. Highly-publicised security breaches, heightened regulatory oversight and obligations and more stringent capital requirements are forcing the industry to radically rethink its entire structure.
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