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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
    20 December 2018
    Dutch Legislator proposes licence requirement for crypto currency exchanges and crypto wallet providers under anti-money laundering legislation
    www.twobirds.com/en/news/articles/2018/netherlands/dutch-legislator-proposes-licence-requirement-for-crypto-currency-exchanges

    The Dutch legislator published a draft legislative proposal implementing the AMLD5 into Dutch law for consultation on 11 December 2018. Market parties can submit their views until 15 January 2019.

  3. Legal news
    17 June 2020
    New Danish regulation of outsourcing for credit institutions etc
    www.twobirds.com/en/news/articles/2020/denmark/nye-regler-om-outsourcing-for-kreditinstitutter

    On 1 July 2020, executive order no. 877 of 12 June 2020 on outsourcing for credit institutions etc. (Outsourcing Order) will replace the current executive order on outsourcing of significant areas of activity no. 1304 ...

  4. 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 ...

  5. Legal news
    07 May 2020
    Slovakia & COVID-19 & Financial update
    www.twobirds.com/en/news/articles/2020/slovakia/slovakia-covid19-financial-update

    The COVID-19 pandemic is disrupting our daily lives, as well as entrepreneurs' operations in all business sectors. The state authorities must react fast and adopt legislation aiming at mitigating the COVID-19 negative ...

  6. 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 ...

  7. 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.

  8. 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, ...