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Across the globe, an increasing number of international regulators have opened inquiries or adopted new rules and regulations to address competition law concerns about digital platforms and digital markets. Whilst the spotlight is likely to initially fall on the conduct and business practices of large online platforms – the so-called gatekeepers – we expect international regulators to cast their net more broadly. Businesses looking to expand to new jurisdictions need to navigate these regulations and assess the risk of enforcement actions. Whether the expansion comes through acquisitions or otherwise, regulators are increasingly looking at multinational businesses and platforms. Below is an overview of key international developments.
SunStar
CEBU EXPLAINER: Councilors didn t know Carbon market will be torn down, moved to Freedom Park, which confirms they didn t read JVA before approval. Megawide grants 9 of 10 vendor issues.
SunStar File/Google Maps March 16, 2021 CEBU City Councilor Eugenio Gabuya did not know that Units 1, 2 and 3 of the existing Carbon Market will be demolished and replaced with commercial hubs of Megawide Construction Corp., the developer that committed P5.5 billion to modernize the market.
He was clueless about the change until he asked Megawide during a special session of the City Council last Monday, March 15. This fact took time to sink in: the old Carbon would no longer be where they stand now. They would be replaced with other Megawide commercial buildings. Vendors will be moved to a new structure at the Freedom Park and Warwick Barracks area.
Monday, March 15, 2021
Across the globe, an increasing number of international regulators have opened inquiries or adopted new rules and regulations to address competition law concerns about digital platforms and digital markets. Whilst the spotlight is likely to initially fall on the conduct and business practices of large online platforms – the so-called gatekeepers – we expect international regulators to cast their net more broadly. Businesses looking to expand to new jurisdictions need to navigate these regulations and assess the risk of enforcement actions. Whether the expansion comes through acquisitions or otherwise, regulators are increasingly looking at multinational businesses and platforms. Below is an overview of key international developments.
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In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
Friday, March 12, 2021
In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
e.g., the Geneva Association, Moody’s), to China reiterating goals to reduce its emissions over the next five years, to the politically charged debate within the US Securities and Exchange Commission (SEC) as to which comes first a new global framework of common metrics and standards to help regulators analyze climate change risk disclosures or stepped-up enforcement efforts.