CSB Legal

With more and more companies opening offices and shops in the “Metaverse”, the subject of trade mark protection in the Metaverse has become a heated debate. The EUIPO and national offices have received a significant number of trade mark applications for “virtual goods” and there are now a number of registered trade marks which are being used in the Metaverse.

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) solves an important problem in the EU financial regulation, as it “aims to consolidate and upgrade ICT risk requirements as part of the operational risk requirements that have, up to this point, been addressed separately in various Union legal acts. While those acts covered the main categories of financial risk (e.g. credit risk, market risk, counterparty credit risk and liquidity risk, market conduct risk), they did not comprehensively tackle, at the time of their adoption, all components of operational resilience.”