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 would allow the Czech competition authority to issue measures to ensure competition in the market and is inspired by similar legislation e.g. in Italy and Germany. The 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 reflects a wider tendency to broaden the set of regulatory tools available to the Czech competition authority and may quite notably affect 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 harmonises Czech legislation with the European law, regulates online platforms, cloud services and marketplaces, and strengthens 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. From the current maximum limit of 10 million CZK, the maximum fine is raised to the level known from the GDPR – 20 million EUR or 4% of global turnover, whichever is higher.
Read the full issue of The Legal Industry Reviews here.
