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Latin America Fintech Boom Continues While Asia Remains in Slump
The latest global fintech report from data firm CB Insights found that fintech funding in LatAm hit a six-quarter high of $481 million across 23 deals for the second quarter of 2019, surpassing both China and India for the first time.Facebook and Google Face Crackdown in Australia as Regulators Propose Limiting Their Market Power
In a long-awaited report released Friday, the Australian government concluded the tech companies wield too much influence and made 23 recommendations for increased regulation designed to curtail their power.Google Wins Ruling by EU Top Court Over Germany's Bid to Regulate Gmail
The ruling means that Google and similar service providers will be able to avoid the vast range of data protection and security obligations that apply to telecommunications companies in Germany.US Investment Giant Buys 8% Stake in Gordon Dadds Group
The investor becomes Gordon Dadds Group's fourth largest shareholder, joining the likes of JP Morgan and Legal & General.MoFo, Wilson Sonsini Lead on Uber's $3B Purchase of Careem
The two West Coast firms were called in to handle Uber's $3.1 billion acquisition of Dubai-based ride-hailing business Careem.EU Slaps Google With $1.7BN Antitrust Fine
This marks the third billion-dollar penalty European regulators have imposed on the tech giant for hindering competition.Twitter Expands Transparency Policies for Political Ads Ahead of EU, India and Australia Elections
Twitter is the latest tech company to update its political ad policy, increasing ad transparency in Australia, India and the European Union before their 2019 elections.Economic Substance Laws Shake Up Offshore Legal Market
New rules from the EU aim to prevent corporations from avoiding tax liability.Asia Deal Digest: Feb. 14, 2019
• Allen & Overy, Linklaters on $1.25 billion Indian bond sale. • Davis Polk helps Go-Jek on $1 billion funding round. • Hogan Lovells, Freshfields on Asahi's acquisition of premium beer business from Fuller.EU Experiences 59,000 Personal Data Breaches Since GDPR Took Effect: Report
Lawyers say many EU countries are still digging out from beneath a backlog of breach reports, which likely means more enforcement actions and fines are on the horizon.Countdown to Compliance: SEC Private Fund Reforms
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