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Digital Transformation

Smart data, the Internet of Things and Industry 4.0 all demonstrate how digital transformation has brought far-reaching changes to the global economy. These changes are now part of everyday corporate life and affect almost every industry. Companies are increasingly seeing digital transformation as an opportunity and reinventing their processes for the digital age.

The challenges of digital transformation

There are, however, still many unresolved issues around legally defensible implementation of digitisation strategies. Innovative business models and the use of new technologies confront companies with completely novel legal challenges. Digital transformation impacts data protection, IT security, contract design, liability and regulation. Accordingly, interdisciplinary collaboration is now more important than ever. You may find further information in our joint study "Digital Economy and Law" with the Bundesverband der Unternehmensjuristen (BUJ).

April 2019
Block­chain in Deutsch­land – Ein­satz, Po­ten­ziale, Heraus­for­der­ungen
Die Block­chain-Tech­no­lo­gie ist neben dem Thema Künst­liche In­tel­li­genz eine der spannend­sten tech­no­lo­gis­chen En­twicklun­gen. Im Kern ge­ht es bei der Block­chain dar­um, dass Dat­en­tran­sak­tion­en nicht zen­t­ral auf einem Serv­er gespeich­ert wer­den, son­dern dezen­t­ral in der Block­chain. Das heißt: ver­teilt in einem Net­zwerk von Rech­nern. Dabei wird tech­nisch sich­erges­tellt, dass ein­mal hin­ter­legte Daten nicht mehr geändert wer­den können. Der Vorteil liegt auf der Hand: Es braucht keine zen­t­rale In­stanz, der alle Markt­teil­nehmer ver­trauen müssen – und dam­it gibt es auch kein­en zen­t­ralen An­griff­spunkt für Cy­berkriminelle und kein­en Schwach­punkt, der durch tech­nis­che Störungen lahmgelegt wer­den kann.War der Be­griff lange Zeit fast aus­nahmslos mit dem Thema Bit­coin und später an­der­en Kryptowährungen verknüpft, so gibt es heute eine Vielzahl von Pi­lot­pro­jek­ten in un­ter­schied­lich­sten Branchen, die auf der Block­chain auf­bauen. Doch wie sieht es mit der Block­chain in Deutsch­land aus? An dieser Stelle set­zt die vorlie­gende Stud­ie des Bitkom an, die mit Un­ter­stützung von CMS und weit­er­en Sponsoren durchge­führt wurde. Die zen­t­ralen Ergeb­n­isse stellt der vorlie­gende Stud­i­en­bericht vor.Wenn Sie die voll­ständige Stud­ie als PDF er­hal­ten möcht­en, neh­men Sie gerne Kon­takt mit uns auf.
January 2019
SECOND STUDY ON THE B2B FINTECH MAR­KET IN GER­MANY
CMS and ING Whole­sale Bank­ing, act­ing in as­so­ci­ation with FIN­ANCE magazine, have pro­duced a B2B fintech study en­titled “Love at third sight – How B2B fintechs and banks get to­geth­er” and are mak­ing it avail­able to the fin­an­cial sec­tor. The study provides in­sights in­to the com­plex re­la­tion­ships between fintechs and banks in the cor­por­ate bank­ing space. It ex­am­ines the po­ten­tial for con­flict and the com­pet­i­tion for the most at­tract­ive cli­ents, while also con­sid­er­ing how al­li­ances can un­lock new busi­ness op­por­tun­it­ies.This is the second mar­ket study of its kind in­to the Ger­man B2B fintech seg­ment and provides im­port­ant point­ers to suc­cess factors and trends. The pub­lish­ers of the study have thus provided a vi­tal bench­mark.“For some time now, we have been see­ing a sig­ni­fic­antly tough­er ap­proach by the reg­u­lat­or. The reg­u­lat­ory frame­work is be­ing ex­pan­ded and BaFin, the Ger­man fin­an­cial reg­u­lat­or, sees more and more fintech activ­it­ies as fall­ing with­in the scope of su­per­vi­sion,” com­men­ted An­drea München, a law­yer at CMS Ger­many. The com­plete in­ter­view with her, along with oth­er in­ter­views on top­ic­al is­sues, ap­pears in the second part of the study.If you would like a PDF copy of the study, please con­tact usTo press re­lease >>
November 2016
Stud­ie: Di­git­al Eco­nomy & Recht
Sind die Rechts­ab­teilun­gen deutscher Un­terneh­men auf die di­gitale Trans­form­a­tion vorbereit­et? Welche Heraus­for­der­ungen, Chan­cen und Risiken er­warten die In­house-An­wälte durch die Di­git­al­is­ier­ung? Was sind die The­men­feld­er und Rechts­ge­bi­ete, die durch den di­gitalen Wan­del be­son­ders be­t­ro­f­fen sind? Die Stud­ie „Di­git­al Eco­nomy & Recht“, heraus­gegeben vom BUJ (Bundes­verb­and der Un­ternehmens­jur­isten) und CMS, liefert An­t­worten auf diese und zahlreiche weit­ere Fra­gen. Sie bes­chränkt sich aber nicht nur auf Zah­len und Fak­ten, son­dern liefert im zweiten Teil auch wer­tvolle In­form­a­tion­en zu recht­lichen Frages­tel­lungen, die in un­mit­tel­bar­em Zusam­men­hang mit der Di­git­al­is­ier­ung stehen.Trail­er zur Stud­ie „Di­git­al Eco­nomy & Recht“560340ht­tps://youtu.be/fXReuzbR1mE1al­waysBei In­teresse an der Stud­ie neh­men Sie gerne Kon­takt zu uns auf.Zur Pressemit­teilung >>

A new approach to legal advice – CMS and legal tech

Digital transformation is also changing the way legal advice is delivered. Legal tech – the application of modern technology – opens up a range of new possibilities, from project management to the use of semi-automated legal services.

Below we present key issues around the digital economy, their legal implications and how CMS can assist you in addressing the challenges posed by digital transformation.

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12/03/2020
CMS ad­vises RAAY Real Es­tate on is­su­ing Ger­many’s first di­git­al in­vest­ment...
RAAY Real Es­tate GmbH, a joint ven­ture between di­git­al­isa­tion and real es­tate com­pan­ies Datarella GmbH, Ham­mer AG and WER­T­GRUND Im­mob­i­li­en AG, has is­sued Ger­many’s first di­git­al in­vest­ment product. A CMS team ad­vised RAAY Real Es­tate on all leg­al as­pects
08 April 2019
A new age for copy­right reg­u­la­tion in the EU di­git­al mar­ket - Part 2
The Dir­ect­ive on Copy­right in the Di­git­al Single Mar­ket (the “Dir­ect­ive”) has now been ap­proved by the European Par­lia­ment and once ad­op­ted by the Coun­cil of the EU it will form part of the EU Mem­ber...
November 2019
E-pub­lic pro­cure­ment
E-pub­lic pro­cure­ment in a nut­shell
03 April 2019
A new age for copy­right reg­u­la­tion in the EU di­git­al mar­ket - Part 1
The European Par­lia­ment voted on 26 March in fa­vour of the Dir­ect­ive on Copy­right in the Di­git­al Single Mar­ket (the “Dir­ect­ive”). If, as ex­pec­ted, it is ad­op­ted by the Coun­cil of the EU (rep­res­ent­at­ives...
August 2019
How block­chain will re­volu­tion­ise the gam­ing in­dustry
19 March 2019
5G auc­tion star­ted on March 19
Draft of ba­sic frame­work for 5G ap­plic­a­tions presen­ted After a group of com­pan­ies filed a law­suit against award con­di­tions by the Ger­man Fed­er­al Net­work Agency (FNA) to auc­tion off na­tion­al 5G fre­quen­cies...
July 2019
Se­cur­ity tokens as a form of cor­por­ate fin­an­cing
The token­isa­tion of rights in cap­it­al pro­cure­ment her­alds a new era in se­cur­it­ies is­sues. Read more here!
30 July 2018
New bill tight­ens VAT law for on­line trad­ing and makes op­er­at­ors li­able...
In both 2018 and 2017, the me­dia re­peatedly re­por­ted how on­line deal­ers, par­tic­u­larly from the Far East, have en­joyed a price ad­vant­age by avoid­ing VAT tax­a­tion in Europe. Ger­man le­gis­la­tion is now catch­ing...
25 June 2019
AI in Life Sci­ences
At CMS, we have many law­yers in many coun­tries think­ing about the in­creas­ing im­pact of AI on the life sci­ences leg­al land­scape. Rather than keep these thoughts to ourselves, we thought we would share some of them with you. Get in touch!
30 July 2018
EC: Ef­fects of pri­cing al­gorithms in the con­text of re­sale price main­ten­ance
On 24 Ju­ly 2018, the European Com­mis­sion ("Com­mis­sion") im­posed fines on four elec­tron­ics man­u­fac­tur­ers for fix­ing the prices of their on­line re­tail­ers. In as­sess­ing the im­pact of re­sale price main­ten­ance,...
19/06/2019
CMS ad­vices in­vest­ment firm Peak­side on block­chain-based real es­tate fund
A CMS team con­sist­ing of in­vest­ment man­age­ment and tech­no­logy law­yers has provided leg­al ad­vice to Peak­side. It fo­cused on leg­al and tax as­pects of the is­su­ance of the fund un­der Ger­man and Lux­em­bourg laws...
21 June 2018
Switch­ing on to switch­ing off: Dis­con­nect­ing Em­ploy­ees in Europe?
In­tro­duc­tion By Car­oline Fro­ger-Michon, Part­ner, CMS Par­is and Chris­toph­er Jordan, Part­ner, CMS Co­logne Di­git­al­isa­tion is well un­der way and has an in­creas­ing im­pact on the work­ing en­vir­on­ment and...