Dora
DORA (Digital Operational Resilience Act): Lessons Learned
By Renate Prinz on 31. March, 2025
Posted In Dora
The leading fintech conference FIxBE will take place on April 9 and 10, 2025 at CityCube Berlin. FIxBE provides a platform for discussions on the latest developments in the financial sector and enables networking with experts and innovators from the industry.
Our partner Renate Prinz will participate in the panel on April 10 at 2:15 pm on the topic “DORA (Digital Operational Resilience Act): Lessons Learned” at FIxBE 2025.
In this panel, Renate Prinz will share her experiences and insights on the implementation of DORA. She will discuss the challenges and successes and provide practical tips for companies looking to strengthen their digital operational resilience.
You can find more information about the event here.
McDermott Investment Funds Academy AML, DORA, LMT & Co – Update & Outlook 2025
By Frank Müller | Renate Prinz on 28. March, 2025
Posted In Dora
Our McDermott Investment Funds Academy online seminar took place on March 26. Our experts from the Investment Funds & Regulatory Law practice groups – as well as experts from the Luxembourg law firm Arendt & Medernach – gave an outlook on regulatory developments in 2025. The following topics were covered, among others:
- LMTs & Side Pockets – Practice in Germany & Luxembourg
- AML: New developments in money laundering law
- DORA compliance
The online seminar was aimed at employees of fund initiators and sponsors, institutional investors, asset managers, capital management companies, custodians, banks, etc. with a connection to investment funds and their transactions.
Thank you for your participation.
Are you already familiar with the DORA Check? The self-test helps you to find out whether your company is affected by the DORA regulations and what action needs to be taken. Find out more
McDermott Investment Funds Academy – AML, DORA, LMT & Co – Update & Outlook 2025
By Renate Prinz on 28. February, 2025
We cordially invite you to our online seminar of the McDermott Investment Funds Academy on March 26th from 9:30 to 10:30 AM. Our experts from the Investment Funds & Regulatory Practice Groups, as well as experts from the Luxembourg law firm Arendt & Medernach, will provide you with an outlook on regulatory developments in 2025. Among other topics, we would like to discuss the following with you:
- LMTs & Side Pockets – Practice in Germany & Luxembourg
- AML: New Developments in Anti-Money Laundering Law
- DORA Compliance
The online seminar is aimed at employees of fund initiators and sponsors, institutional investors, asset managers, management companies, custodians, banks, and others related to investment funds and their transactions.
We look forward to seeing you.
Register here.
The DORA Deadline – How to prepare, and how to use legal AI for DORA contract review
By Renate Prinz on 15. November, 2024
Financial Services (FS) firms need to comply with the EU’s new Digital Operational Resilience Regulation (DORA) until January 17, 2025. Compliance isn’t optional, it’s the law.
In this webinar, we spoke about what DORA meant for clients and how to use legal AI for contract review and remediation.
The following topics were discussed:
- What DORA is and who it applies to
- What Financial Services firms need to do before January 2025
- What contract review and remediation work needs to be done
- How McDermott uses legal AI with BRYTER Extract for DORA contract review and remediation.
You can find a recording of the webinar here:
DORA Check
By Renate Prinz on 31. October, 2024
Digital threats and cyberattacks are increasing every year. In 2023, digital threats caused damages of more than €200 billion in Germany, of which 72% resulted from cyberattacks (source: Bitkom, study on economic protection 2023). To counter the threat to the system-critical financial sector, the EU has decided to implement a uniform, high level of security. The Digital Operational Resilience Act (DORA) is the answer.
The regulation on digital operational resilience is intended to reduce the risks arising from the ever-increasing dependence on information and communication technology in the financial sector. In particular, DORA is expected to reduce the risk of severe operational disruption arising from digital threats and cyberattacks, by focusing on the entire value chain. Notably, DORA subjects IT service providers to direct financial supervision – for the first time. DORA will apply to companies in the financial sector and their IT service providers from January 17, 2025 . It’s crucial for every company to check whether DORA applies to them and what measures need to be taken now, including reviewing outsourcing contracts for DORA compliance and internal IT infrastructure.
McDermott developed DORA Check to provide a first overview of the regulation to keep users informed about the legal essentials of DORA.
Click here to access the tool.
DORA takes effect: Digital resilience and cybersecurity in the EU
By Renate Prinz on 29. October, 2024
McDermott Will & Emery’s financial regulatory partner Renate Prinz authored in Finextra that explored what DORA (the EU’s Digital Operational Resilience Act) entails, what its contents and objectives are, and what relevant companies need to do now to be DORA compliant next year. Here you can read the full article.
