Navigating the Legal Landscape: Key Industry Updates (February 2024)
Last Updated: Feb 1, 2024
The EU Lays The Techno-Legal Tracks For Its Rising Digital Ecosystem
In the US, it's widely accepted that major online platforms control and profit from our personal data, including vital information like social security numbers and biometrics. In contrast, the European Union is poised for a significant shift in personal identity verification. New legislation will empower EU citizens with digital identity wallets, enhancing ease and security in their online interactions.
Legal AI Startup Spellbook Raises $20m as Sector Draws More Investments
Spellbook, a legal software company, disclosed Wednesday it raised $20 million in a Series A round led by Montreal-based Inovia Capital. The round also saw participation from investors including The Legaltech Fund, Bling Capital, and Thomson Reuters Ventures.
Evergrande Liquidation to Test Hong Kong’s Legal Reach in Mainland China
The prospects of international investors for recuperation from a financially beleaguered developer hinge significantly on legal proceedings taking place across borders. These investors are eagerly eyeing the outcome of court decisions as they navigate the complexities of debt recovery and seek avenues for potential resolution.
Source: Financial Times
Marilyn Manson Ordered to Pay Evan Rachel Wood’s Six-Figure Legal Tab for Nixed Lawsuit Claims
Brian Warner, known professionally as Marilyn Manson, has been instructed to pay Evan Rachel Wood a hefty sum of $326,956. This amount is to cover the legal expenses incurred by the Westworld actress in defending herself against defamation and emotional distress claims, which were previously dismissed from Manson's ongoing lawsuit against her.
Source: Rolling Stone
Venezuelan Legal Drama Shakes Energy Markets
Following a protracted and intricate legal dispute, a verdict delivered in January 2023 determined that Citgo, the American-based oil subsidiary owned by Venezuela, responsible for facilitating Caracas' access to global energy markets, is accountable for debts owed by Venezuela's state-owned oil company, PDVSA. This ruling, issued despite Citgo's operational independence from the Venezuelan government for several years, has the potential to redefine the dynamics among state-owned enterprises, debt obligations, and global markets on a significant scale.
Navigating the Legal Landscape of Four-day Work Weeks
In the 1920s, Henry Ford revolutionized the work week by establishing the 9-to-5 five-day model without cutting pay. Today, with remote work and technology efficiency, employers consider following suit. Enter the four-day work week, gaining popularity since the pandemic.
Source: Games Industry
Daily Mirror Faces £2m in Legal Costs over Prince Harry Phone Hacking
The Daily Mirror faces a nearly £2m claim in legal fees following Prince Harry's successful phone-hacking case against the publisher. Justice Fancourt recently found extensive hacking at Mirror Group Newspapers from 2006 to 2011.
Source: The Guardian
Uber Files Legal Appeal against Paris Mayor’s Transport Restrictions
Uber have announced that they are lodging a legal appeal against the Paris mayor's office regarding regulations imposed on tourist vehicles with drivers (VTCs) in the city. Uber warned that these restrictions could potentially lead to transportation issues in Paris during the upcoming Olympic Games this summer.
Presently, 10 states and the District of Columbia have implemented some form of medical aid in dying legislation. This equates to roughly 20% of Americans having access in their respective regions to physicians capable of prescribing lethal medication to terminally ill patients who can self-administer it. However, a significant portion of the population remains without access to such services.