Illustration: EU flag and lock. Credit: vector_master / AdobeStock

“Laws are like sausages,” Otto von Bismarck, the 19th century Prussian statesman, is believed to have said. “It is better not to see them being made.”

Big Tech companies operating in the European Union (EU) in the 21st century do not have that option. In fact, their activities and how they are regulated are making European law in public on a daily basis—with all the confusion, frustration, and financial risk that implies, lawyers say.

The latest example of this concerns Meta, the parent company of Facebook and Instagram, which was hit this year with two multi-million-euro fines for breach of EU data-privacy rules.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.