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In this digital age, the value of data is increasing exponentially. Digital information is everywhere. It is generated, collected, analysed, stored, shared and sold for personal, business and political use. With such rapid growth, strong data protection rules must be in place to maintain privacy and prevent abuse in the disclosure of personal information. Recent events have also shown a steady surge of data breaches which further highlight the importance of data protection.

Effective May 25 2018, the existing Data Protection Directive 95/46/EC and the Slovak data protection act will be replaced by the new EU General Data Protection Regulation (GDPR). Although the GDPR will be directly applicable in all EU member states, certain national particularities will remain even after the GDPR comes into force. A new version of the data protection act in Slovakia that accounts for the GDPR is in the process of inter-ministerial consultation and will replace the existing data protection act.

It has been more than three decades since the enactment of the law that regulates the Fideicomiso. The Fideicomiso, in general terms, is the legal act whereby a settlor transfers assets to a fiduciary (trustee). The trustee in turn agrees to manage those assets according to the provisions established in the Fideicomiso instrument (trust), for the benefit of a beneficiary, which could be the settlor itself.

Michael Denenga Colin Graham In Italy, FIELDFISHER has opened a new office in Bologna. The team will be led by corporate partner Gianvincenzo Lucchini and litigator Andrea Gattamorta. The new operation is the firm's fifth Italian office joining Milan, Rome, Venice and Turin.

CHARLES RUSSELL SPEECHLYS has opened an office in Hong Kong. The UK firm has established an association with a newly-formed Hong Kong firm set up by Jonathan Mok. The firm will focus on disputes and private wealth work. US firm MORGAN LEWIS & BOCKIUS is also reported to be in the last stages of completing its association with Hong Kong's Luk & Partners.

There's a new kid on the block in the Brexit relocation game: Amsterdam. Japan's largest bank, Mitsubishi UFJ Financial Group, is rumoured to have chosen the Dutch capital as the new base for some of its EU investment business, as have RBS and a number of electronic trading operators.

Markus Ferber, MEP discusses why he believes the home of this activity, which is central to the stability of the derivatives market, is in the eurozone

Financial institutions in the region are knocking on law firms’ doors to seek advice on how to comply with the research unbundling requirement under the new framework

Regulators worldwide have increased their oversight, making engaging in AML activities not worth the cost. Banks need to wise to the rules if they want to comply properly

President Trump will renegotiate the agreement with Canada and Mexico rather than withdraw from it. But will all parties agree on the best way forward?