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  1. Legal news
    03 April 2020
    Governmental grants and financial assistance available for Swedish companies in distress due to COVID-19
    www.twobirds.com/en/news/articles/2020/sweden/governmental-grants-and-financial-assistance-available-for-swedish-companies

    With the 2019 Novel Coronavirus (Covid-19) continuing to spread globally, the effort to contain the viral outbreak by governments and health organisations has put pressure on major economies. Many companies are facing ...

  2. Legal news
    19 November 2019
    Review of Danish outsourcing rules for the financial services sector
    www.twobirds.com/en/news/articles/2019/global/review-of-danish-outsourcing-rules-for-the-financial-services-sector

    On 15 November 2019, the Danish Financial Supervisory Authorities (Danish FSA) published a consultation of a new bill with the aim of aligning the outsourcing regulation for financial institutions, including e-money and ...

  3. Legal news
    10 March 2020
    AA v Persons Unknown: Cryptocurrencies considered property under English Law following Ransom Demand
    www.twobirds.com/en/news/articles/2020/uk/aa-v-persons-unknown

    Cryptoassets such as Bitcoin can constitute property under English law and are capable of being subject to a proprietary injunction, according to a recent decision from Mr Justice Bryan in the Commercial Court.

  4. Legal news
    12 September 2019
    The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication
    www.twobirds.com/en/news/articles/2019/global/the-hungarian-national-bank-provides-card-issuers-an-additional-12-months-to-comply-with-psd2

    On 10 September 2019, the Hungarian National Bank (HNB) issued a press release (available in English here and in Hungarian here [PLEASE INCLUDE HYPERLINKS FROM WORD DOC]) in which it provides Hungarian cards issuers and ...

  5. Legal news
    13 September 2019
    PSD2: Bank of Spain confirms the additional period to migrate to SCA
    www.twobirds.com/en/news/articles/2019/spain/psd2-bank-of-spain-confirms-the-additional-period-to-migrate-to-sca

    On 11 September 2019, the Bank of Spain has issued a communication (only available in Spanish) regarding the upcoming entry into force of strong customer authentication ("SCA") mandate for electronic payment ...

  6. Legal news
    09 September 2019
    Online Card Payments temporarily exempt from Strong Customer Authentication in Finland
    www.twobirds.com/en/news/articles/2019/global/online-card-payments-temporarily-exempt-from-strong-customer-authentication-in-finland

    Pursuant to PSD2, as implemented into Finnish law, payment service providers needs to perform SCA when the user accesses its payment account online, when the payer is initiating a payment, or when the user carries out ...

  7. Legal news
    04 September 2019
    Danish FSA grants an additional 18 months to issuers and acquirers in Denmark to comply with the PSD2 SCA requirements - but only for online card payments
    www.twobirds.com/en/news/articles/2019/global/danish-fsa-grants-an-additional-18-months-to-issuers-and-acquirers-in-denmark

    Pursuant to PSD2, as implemented by the Danish Payments Act, issuers and acquirers need to ensure that the card issuer performs a Strong Customer Authentication (SCA) of the cardholder when it is initiating a payment, ...

  8. Legal news
    04 October 2019
    EBA Guidelines On Outsourcing Arrangements Have Entered Into Force
    www.twobirds.com/en/news/articles/2019/global/eba-guidelines-on-outsourcing-arrangements-have-entered-into-force

    The guidelines on outsourcing arrangements (Guidelines) of the European Banking Authority (EBA) entered into force. The Guidelines are aimed at harmonising the framework for outsourcing arrangements for financial ...

  9. Legal news
    15 June 2020
    Commission seeks views on 'gatekeeper' platforms and a new competition tool
    www.twobirds.com/en/news/articles/2020/global/commission-seeks-views-on-gatekeeper-platforms-and-a-new-competition-tool

    On 2 June, the Commission launched a public consultation on its forthcoming Digital Services Act plus a New Competition Tool and is requesting feedback on roadmaps including one on ex ante regulatory instruments for ...

  10. Legal news
    22 November 2019
    Case notes: Landmark ruling of the Court of Justice of the European Union (CJEU) on validity of airport charges
    www.twobirds.com/en/news/articles/2019/global/case-notes-landmark-ruling-of-the-court-of-justice-of-the-european-union

    The Court of Justice of the European Union (CJEU) has rendered a landmark decision ruling that airports must not agree with individual airport users preferential airport charges different from those approved by the ...