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ICO fines facial recognition database company Clearview over £7.5m

The ICO's recent fine of over £7.5m issued against Clearview AI Inc (Clearview) for using images of UK citizens scraped from the internet as part of Clearview's global online database is one of the largest that the ICO has issued to date. But it is considerably less than the £17m fine announced by the ICO in its provisional decision in November 2021.

Glencore guilty pleas to offer welcome relief for SFO

Glencore has indicated that it will plead guilty to seven counts of bribery in connection with its oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria, and South Sudan. The Serious Fraud Office opened its investigation into Glencore's activities in 2019 and alleges that the commodities giant approved the payment of over $25m in bribes for preferential access to oil.

Tech. Spotlight.

Commercial & Technology partner, James Longster, shines a light on some of the relevant and most pressing developments in the tech sector. This series comprises of 6 episodes, which are available as both

Tech. Spotlight. - Episode 6 - Balancing free speech and online safety

Commercial, IP & Technology partner, James Longster, discusses balancing free speech and online safety in the context of Elon Musk's controversial proposed $44bn acquisition of Twitter.

Travers Smith announces winners of its 2021/22 CSR Art Programme

Travers Smith LLP is delighted to announce the winners of its 2021/22 CSR Art Awards. Set up in 2015, the firm's CSR Art Programme supports graduate artists from the University of Westminster and the Royal College of Art (RCA), with the transition from student life to professional practice. 

AIFMD II: Proposals from the European Parliament

The European Parliament has issued its draft report (Report) on the European Commission's proposals to amend the existing Alternative Investment Fund Managers Directive (AIFMD II). The Report forms part of the legislative process and includes the European Parliament's suggested amendments to the draft directive issued by the European Commission in November 2021. The draft directive proposed a number of changes to the Alternative Investment Fund Managers Directive, largely in respect of delegation, loan origination, liquidity risk management, data reporting and depositaries and it is those areas which are the main focus of the Report. 

Questions on the interpretation of SFDR and the Taxonomy Regulation

On 13 May 2022, the European Supervisory Authorities (ESAs) submitted a number of questions to the European Commission relating to the interpretation of the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy Regulation (Taxonomy Regulation). Separately, the ESAs have also been asked by the European Commission for their input on possible amendments to the SFDR Delegated Regulation.

HP/Autonomy v Lynch & Hussain - A FSMA First

Travers Smith LLP acted for the Claimants in these proceedings.

"Fraud on a grand scale; or relentless witch-hunt?": these were the first eight words of Mr Justice Hildyard's mammoth (almost 1,700 page) judgment in the high profile fraud claim brought by various Hewlett-Packard group companies (the "Claimants") against Dr Michael Lynch (the founder and former CEO of Autonomy Corporation Plc ("Autonomy")) and Mr Sushovan Hussain (the former CFO of Autonomy) following a 93 day trial which Hildyard J said "may rank amongst the longest and most complex in English legal history".

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