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Meta Ireland fined €390 million for unlawful legal basis

Ireland's data protection authority (the DPC) announced its final decision regarding Meta Ireland's Facebook and Instagram services on 4 January 2023.

Meta Ireland krijgt 390 miljoen euro boete voor onrechtmatige verwerkingsgrondslag

De Ierse privacy toezichthouder maakte op 4 januari haar eindbesluit over Meta Ireland's Facebook- en Instagram-diensten bekend. De besluiten zien vooral op de rechtsgrondslag voor de verwerking van persoonsgegevens voor gepersonaliseerde advertenties.

Data Privacy Day 2023: highlighting the most impactful ECJ judgments from the past year

In recent years, the ECJ has issued landmark judgments with far-yielding consequences for data controllers and data processors. To celebrate Data Privacy Day 2023, we highlighted the most impactful judgments of the ECJ from the past year.

Arrest Europese Hof van Justitie: openbaarheid UBO-register in het geding

Het Europese Hof van Justitie (het “Hof”) heeft in een arrest van 22 november 2022 bepaald dat publieke toegankelijkheid tot informatie in het UBO-register ongeldig is.

Stibbe advises Intervest Offices & Warehouses on its first ABB

Stibbe assisted Intervest Offices & Warehouses on its first capital increase through an accelerated book building.

EU General Court denies WhatsApp’s action to annul EDPB decision

The General Court has declared WhatsApp’s request to annul an EDPB binding decision inadmissible.

Duco de Boer

Partner Amsterdam

Luxembourg Tax Authorities issue guidance on reverse hybrid rules

The Luxembourg Tax Authorities (“LTA”) published a circular letter concerning the application of the reverse hybrid rules (the “Circular”) . The Circular provides guidance on the determination of tax owed by Luxembourg reverse hybrid entities.

Op naar hoe: de volgende stap in het AFM-toezicht op duurzaamheidsclaims

De Autoriteit Financiële Markten (AFM) maant financiële ondernemingen tot uitgebreidere, concretere en duidelijkere communicatie over duurzaamheid.

Commission publishes PSD3 and PSR Proposal; a tightening of the regulation of payment services providers in the EU

On June 28, 2023, the European Commission published a set of new legislative proposals, including PSD3, aimed at ushering in the digital era for payments and the broader financial sector, with a particular focus on consumers.

Financial Regulation – Q2 2023 Update

Changes to Dutch financial regulations entered into force on or around 1 July, including notable amendments for holders of a qualifying holding in certain Dutch regulated financial institutions. We have listed the main changes in this publication.

The revised Network and Information Security Directive: enhancing EU cybersecurity standards

More businesses and organisations will have to strengthen their cybersecurity strategies, as the European legislator revised the NIS Directive. NIS 2 will impose stricter cybersecurity obligations on more organisations.

EU Advocate General balances data protection rights against trade secrets in algorithmic credit scoring case

On 16 march 2023, Advocate General Pikamäe issued his opinion on the scope of data subject rights in the context of algorithmic credit scoring.

Blackstone Group acquires IGI

Stibbe advised Blackstone Group on the acquisition of International Gemological Institute (IGI) at an enterprise value of $525 million.

Stibbe assists Uchida Yoko Co with the acquisition of Open Assessment Technologies

Stibbe assisted Uchida Yoko Co., Ltd., with the acquisition of 100% of Open Assessment Technologies S.A. (OAT™).

Hof van Justitie: prejudiciële vragen over gegevensverwerkingen door Meta

Op 4 juli 2023 heeft het Europees Hof van Justitie een arrest gewezen in de zaak C-252/21 (Meta e.a. tegen Bundeskartellamt). Meta Platforms Ireland (hierna: Meta) exploiteert onder meer het online sociale netwerk Facebook in de Europese Unie.

Francisco Almeida

Associate Luxembourg

Stibbe advised Rhône Capital on a public cash offer for equity stake in RHI Magnesita

Stibbe advised Rhône Capital on a public cash offer for up to 29.9% of the share capital in RHI Magnesita N.V. The offer document was published on 19 June 2023 following an announcement of the intended transaction on 30 May 2023.

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