Europe’s top court has ruled in favour of tech giants Google, Amazon, and Airbnb in their legal battle against an Italian regulation requiring them to disclose information about themselves. The dispute arose over provisions implemented in 2020 and 2021, which compelled online service providers operating in Italy to register and furnish various details, along with paying a financial contribution or facing penalties.
The companies contested this requirement, arguing that it contradicted the EU law, which stipulates that online service providers are subject only to the regulations of the country where they are established. The Court of Justice of the European Union (CJEU) in Luxembourg concurred, stating that member states cannot impose additional obligations on online service providers established in other EU countries.
The ruling has significant implications, with Google and Airbnb having their European headquarters in Ireland and Amazon in Luxembourg. Expedia, a US-based online travel services provider headquartered in Spain, also objected to the requirement. The CJEU’s decision, which is final and not subject to appeal, has far-reaching implications for cross-border online services within the EU.
Why does it matter?
This ruling underscores the importance of adhering to the EU laws and regulations regarding online services. It sets a precedent for maintaining consistency in regulations across member states and reinforces the principle of mutual recognition among EU countries. As technology continues to transcend borders, legal clarity and harmonisation are essential for fostering a conducive environment for digital innovation and commerce across Europe.
Due to national security concerns, Canada has ordered the dissolution of two technology companies, Bluvec Technologies Inc and Pegauni Technology Inc. According to a statement from the innovation ministry, the companies were directed to cease all operations under the Investment Canada Act. As Innovation Minister Francois-Philippe Champagne stated, the decision followed an extensive review by Canada’s national security and intelligence community.
Minister Champagne emphasised that while Canada remains open to foreign direct investment, it will take decisive action when such investments threaten national security. The statement did not provide specific details about the security concerns or the nature of the investments involved. Bluvec Technologies is identified as a maker of drone detection devices, while Pegauni Technology, which appears to produce wireless security products, could not be reached for comment.
The Investment Canada Act, revised earlier this year, now includes stricter national security reviews for proposed foreign investments. The law applies to foreigners acquiring control of a Canadian business or establishing a new business within the country. Additionally, the enforcement of these regulations underscores Canada’s commitment to safeguarding its national security in the face of potential foreign threats.
Cryptocurrency entrepreneur Do Kwon has been approved for extradition from Montenegro to South Korea by the appeals court in Montenegro. This decision comes as a result of allegations of fraud linked to the collapse of his cryptocurrency company, Terra, which resulted in the loss of around $40 billion of investors’ money and shook global crypto markets. Kwon, whose real name is Kwon Do-hyung, had been on the run for months before being arrested in Montenegro in March last year for using a fake passport.
The Montenegrin appeals court rejected the appeal made by Kwon’s lawyers and upheld the extradition order issued by the Podgorica High Court. However, no specific timeline for the extradition transfer has been mentioned. This decision follows a previous court’s ruling against extraditing Do Kwon to the United States.
Kwon’s business partner, identified by his initials J.C.H., has already been deported to South Korea in early February, highlighting Montenegro’s cooperation with South Korea in this matter. The collapse of TerraUSD, a stablecoin, and its sister token Luna in May 2022 resulted in significant financial losses for many investors. Experts have described the collapse as a glorified Ponzi scheme set up by Kwon, which caused numerous investors to lose their life savings.
The news text also mentions the increasing scrutiny faced by cryptocurrencies, including the high-profile collapse of the exchange FTX, as regulators have become more vigilant in light of various controversies in the past year. This highlights the need for stricter regulations in the cryptocurrency sector to protect investors and ensure the legitimacy of these digital assets.
According to Meta, the change does not have any impact on users’ privacy settings and their ‘information will still be protected by UK data protection and privacy laws’.
On 16 November 2022, the Digital Services Act (DSA) came into force. The DSA applies to digital services connecting consumers to goods, services, or content. Online platforms will have until 17 February 2023 to report the number of active end users.
The European Commission suggests all online platforms notify it regarding these numbers. Then, the Commission will determine if the platform is a large online platform or a search engine. Following this determination, the platform will have four months to comply with the DSA. EU members will have until 17 February 2024 to accredit their Digital Services Coordinators.
