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In Critical Third Parties

European Union: DORA update – Upcoming designations of critical third-party providers

by , and 4 Mins Read

In brief The European Supervisory Authorities (ESAs) are preparing to designate critical third-party service providers (CTPPs) under the Digital Operational Resilience Act (DORA). DORA, which came into force on 17 January 2025, enables the ESAs to designate key ICT providers to the EU financial services sector as critical, subjecting them to direct supervisory and oversight obligations. The ESAs have recently published a roadmap indicating their expected timeline for designations – with the final designations expected to be…

In Product Liability

European Union: New directive on product liability (including goods with AI)

by 5 Mins Read

In brief The European Council adopted the new Product Liability Directive on 10 October 2024, and it is now awaiting publication in the Official Journal of the European Union. From its entry into force, member states will have two years to transpose it into their national law. The new directive derogates Directive 85/374/CEE. Considering the current context in which digitalization and business models based on sustainability and the circular economy are booming, it was crucial…