The newest edition of The Legal Industry Reviews is here, bringing the latest developments in the legal industry.
Editorial director Jiri Mnuk begins by discussing the rapid transformation of the legal profession, thanks to technological innovations such as artificial intelligence, regulatory reforms and changing client expectations. These changes bring new challenges and opportunities that require lawyers and law firms to be flexible and innovative. The future of legal services depends on the intelligent integration of technology with human expertise and on building strong client relationships.
The Office for the Protection of Competition gains new tools
In their publication, Jiri Mnuk, Senior Associate and Daniel Netrval, Junior Lawyer at ROWAN LEGAL discuss the proposed amendment to the Czech Competition Act which is about to strengthen the powers of the Czech competition authority.
The new competition instruments enable the Czech competition authority to impose measures to safeguard market competition. This approach draws inspiration from similar laws in Italy and Germany. Tool would enable the adoption of the so-called non-structural remedies, i.e. remedies not interfering with ownership structures of business groups. The move highlights a broader effort to expand the range of regulatory tools for the Czech competition authority. It could significantly impact the market environment in the Czech Republic.
Strengthening user protection: new Digital Law introduces stricter rules for cloud services
Michal Nulíček, Partner and Filip Beneš, Senior Associate at ROWAN LEGAL discuss the draft Digital Economy Act, which prepares the Czech Republic to enter the digital era and supports the development of the digital market.
The bill aligns Czech laws with European legislation and introduces regulations for online platforms, cloud services, and marketplaces. It also enhances user protection against illegal content. In addition, it introduces higher fines for breaches of anti-spam rules when sending newsletters and other types of commercial communications. The maximum fine increases from the current limit of 10 million CZK to the GDPR level of 20 million EUR or 4% of global turnover. The higher amount between 20 million EUR and 4% of global turnover will now apply as the maximum fine.
Read the full issue of The Legal Industry Reviews here.
