Category:

International News

Pharma has limited legal options if vaccine patents waived

Still, some vaccine producers, like Moderna Inc. and Pfizer Inc., might sue the U.S. to recoup some of their losses, said Matthew Howell, an intellectual property attorney at Alston & Bird in Atlanta. If the manufacture of the vaccine is done in the U.S., under the government’s authorization, there are avenues for compensation in American courts.

read more

AXA halts ransomware crime reimbursement in France

“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing.

Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France’s related overall losses at more than $5.5 billion.

read more

United States’ biggest gasoline pipeline halted after cyber-attack

Hacking threats to critical infrastructure have been growing, prompting the White House to respond with a plan to try to increase the security of utilities and their suppliers.

The first leg of that effort, announced April 20, will address security holes in the electrical grid, before moving to other sectors, including the country’s gas pipelines and water utilities.

read more

Aon forms EMEA M&A and Transaction Solutions Advisory Board to support growth and expansion of M&A practice

The new advisory board will support the growth and development of Aon’s M&A practice across the UK and EMEA, as it continues to expand its client offerings to include solutions for intellectual property, cyber security and digital performance, retirement, benefits, talent and compensation, structured credit, tax and litigation risks, ESG and more.

read more