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Meet the competition law specialist who is sueing Facebook for £2.2 billion

25 februar 2022 12:00-13:00

Martin folke Vasehus

CEO, founder og it-advokat, ComplyCloud og CIT

Liza Lovdahl Gormsen

Senior Advisor to the UK Financial Conudct Authority

The obvious cliché is that data has become the most valuable currency of all times. But maybe it has also become a risky currency to trade in.

Welcome to this exclusive webinar, a tête-à-tête between Dr. Liza Lovdahl Gormsen, a competition law specialist at the British Institute of International and Comparative Law (London) and Senior Advisor at the UK Financial Conduct Authority (FCA), and Martin Folke Vasehus, IT lawyer and CEO and founder at ComplyCloud (Copenhagen).

 

Less than a month ago, Dr. Liza Lovdahl Gormsen sued Facebook (Meta) on behalf of Facebook users in the UK. She claims Facebook exploits its users by taking their data without properly compensating them for taking that data, making the relation between Facebook and the users completely disproportionate. Dr. Liza Lovdahl Gormsen’s claim for damages is at least £2.2 billion.

 

It is the first time a lawsuit inaugurates itself at the intersection between Data Privacy Law, Competition Law and Consumer Law. At the webinar, Dr. Liza Lovdahl Gormsen will go through the details of the lawsuit, including how it is funded, the organization behind it, and what results she is expecting. She will discuss with Martin Folke Vasehus what the consequences of the case can be for EU and UK businesses. Because the nature of this case leads us to ask: How should not only tech giants but organizations in general behave when commercialization of data is part of their business model?

 

Martin Folke Vasehus, who has built a software solution that automates GDPR compliance, will elaborate on the data privacy perspectives of the case, and the consequences that European companies could potentially be looking at when handling personal data in business transactions.

When attending this webinar, you will learn:

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