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Australia threatens to sue social media ?giants citing teen ban breaches
Australia is investigating Facebook, TikTok and YouTube for possible breaches of the country’s under-16 social media ban. “Australia’s world-leading social media laws are not failing. But big tech is failing to obey the laws,” Communications Minister Anika Wells said. “Australia will not let the social media giants take us for mugs.” Reuters notes that governments…
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Paul Hastings hires private equity partner from Cooley
Ferish Patel has joined Paul Hastings as a partner in its private equity practice in London. His expertise includes advising on late-stage private financings, M&A, IPOs, and regulatory compliance in complex multijurisdictional settings. Patel’s work encompasses financial services, payment regulation, cybersecurity, data privacy, technology transactions, and life science partnering. He previously worked at Cooley.
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U.S. appeals court overturns YPF judgement against Argentina
Judges in New York’s federal appeals court have overturned a ruling that found Argentina liable to pay $16bn to former shareholders of the oil major YPF. Burford Capital, which financed the case, described the decision that overturned a judgement against Argentina for nationalising YPF in 2012 “very disappointing” and an “abandonment of minority shareholder rights.”…
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Senators introduce ban on government use of Chinese robots
Sen. Tom Cotton (R-Ark.) and Senate Minority Leader Chuck Schumer (D-N.Y.) have introduced legislation to ban the federal government from obtaining or operating unmanned Chinese robots. The American Security Robotics Act seeks to bar government use of “unmanned ground vehicle systems” – including humanoid robots and remote surveillance vehicles – made by foreign adversaries such…
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Meta and Google found liable for social media harm to children’s mental health
A young woman has successfully sued Meta and YouTube over her childhood addiction to social media. Jurors in Los Angeles found that Meta, which owns Instagram, Facebook and WhatsApp, and Google, the owner of YouTube, intentionally built addictive social media platforms that harmed the 20-year old’s mental health. The woman, known as Kaley, was awarded…
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EU digital rules ‘should apply to Big Tech’s smart TVs’
The smart TVs of Google, Amazon, Apple and Samsung should come under the auspices of the EU’s Digital Markets Act (DMA) because of their growing market power, the world’s largest ?broadcasters have told EU antitrust chief Teresa Ribera. The call by the Association of Commercial Television and Video on Demand Services in Europe (ACT) comes…
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