France: Securities Over the Blockchain Expected to Get Legal Framework this Fall

September 8th, 2017 | Posted by Claude-Etienne Armingaud in Blockchain | France | IT | Legislation - (0 Comments)

The French Act no.2016-1691 dated 9 December 2016 on Transparency, Anti-Corruption and Modernization of Economic Life (Or “Sapin II” – see our compliance coverage here) empowered the Government to amend the regulatory framework to facilitate the transmission of certain financial securities through blockchain technology

1)Article 120 of Sapin II “The Government may by way of executive orders within the 12 months following this Act take the measures necessary to (…) … Continue reading

In order to prepare such executive order, the Ministry of Finance initiated last Spring a public consultation, whose results were made public on 30 August 2017.

The 43 contributions included the points of view of local associations, banks, management companies, fintech pure players, academics, law firms and consultants, and provided operational and technical aspects to be taken into consideration in order for the new regulatory framework not to hinder the adoption of blockchain technology, while balancing security and foreseeability for all the players involved.

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References

References
↑1 Article 120 of Sapin II “The Government may by way of executive orders within the 12 months following this Act take the measures necessary to (…) amend the regulatory framework applicable to securities in order to allow the representation and the transmission (via a shared electronic recording device) of securities that are not admitted to the operations of a central depositary or a system of payment and delivery of financial instruments.”

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Momentum.africa – Opening Of Top-Level Domain Name To Create Opportunities For IP Right Owners

April 11th, 2017 | Posted by Claude-Etienne Armingaud in eCommerce | IT | Trademarks - (0 Comments)

The new generic top-level domain (gTLD) .africa, a regional domain for users located in and out of the continent, has been officially validated by ICANN.

More than a decade after its other regional counterparts, such as .eu or .asia, the .africa gTLD has been the subject matter of a legal conundrum for years.
The new generic top-level domain (gTLD) .africa, a regional domain for users located in and out of the continent, has been officially validated by ICANN.

More than a decade after its other regional counterparts, such as .eu or .asia, the .africa gTLD has been the subject matter of a legal conundrum for years.
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Globalization of Connected and Autonomous Cars – A Long and Winding Road?

March 11th, 2017 | Posted by Claude-Etienne Armingaud in Connected Cars | Europe | France | Legislation - (0 Comments)

The advent of autonomous cars represents a unique opportunity to rethink urbanism globally. Indeed, such a technological evolution will undoubtedly foster the development of a range of new offerings, such as car sharing and value-added opportunities, while at the same time ensure added safety on the roads at a time when traffic injuries remain the primary cause of death among people aged 15 to 29.

One direction in which this new paradigm could be expressed may be the decline of exclusive car ownership and the shift toward CaaS, or “Car-as-a-Service”. Autonomous cars could be shared among a community of subscribers and used on an as-needed basis, after which they could then park themselves outside of the urban landscape for battery-reloading purposes or when not in use.
Nevertheless, such an idealistic picture can only be achieved once all regulatory barriers have been lifted.
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