Irish Data Protection Commission announces £1.2 billion fine on conclusion of inquiry into Meta Ireland

The Irish Data Protection Commission has concluded its inquiry into Meta Ireland, during which it examined the basis upon which Meta Ireland transfers personal data from the EU/EEA to the US in connection with the delivery of its Facebook service. The DPC adopted its final decision on 12 May 2023. It says that Meta Ireland…

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Advertising in the metaverse: 3 top points to consider

While the hype around the metaverse may have cooled, brands (particularly in the fashion and retail industries) are continuing to engage with their consumers using metaverse environments, sometimes known as “direct to avatar (D2A)” marketing. They are also still  investing in “space”, “land” and “displays” in metaverse environments allowing users to see billboards, signages, video…

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House of Commons Treasury Committee issues report on cryptoassets

The House of Commons Treasury Committee has issued a report on cryptoassets. It points out that cryptoassets span a wide and rapidly evolving range of digital instruments, although the market continues to be dominated by unbacked cryptocurrencies such as Bitcoin and Ether that the Committee does not consider as having any intrinsic value. Given their…

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ESG News Round-up (May 2023)

Environment Powering up Britain: the UK Government’s Department for Energy Security and Net Zero has published its plan for long-term energy security. The plan pushes for cleaner, more affordable energy including adoption of carbon capture (usage and storage), offshore wind, green hydrogen and domestic improvements such as insulation, heat pumps and improved decarbonisation of transport…

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European Commission clears acquisition of Activision Blizzard by Microsoft

The European Commission has approved, under the EU Merger Regulation, Microsoft’s proposed acquisition of Activision Blizzard. The approval is conditional on Microsoft complying fully with certain commitments. The Commission says that those commitments fully address the competition concerns that it has identified and represent a significant improvement for cloud gaming compared with the current situation….

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