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ARTICLE · 20 NOVEMBER 2024

Product Liability Directive: Implications For Telcos & Financial Services Sectors

GTG Legal
GTG Legal
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GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

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The recently published Directive (EU) 2024/2853 (the "Product Liability Directive" or "PLD") will replace its 1985 predecessor by the 9th of December 2026, modernizing the framework for liability

MaltaFinance and Banking
Ian Gauci
Ian Gauci

New Product Liability Directive - Introduction

The recently published Directive (EU) 2024/2853 (the "Product Liability Directive" or "PLD") will replace its 1985 predecessor by the 9th of December 2026, modernizing the framework for liability concerning defective products. This new legislation incorporates digital products, artificial intelligence (AI), and Software-as-a-Service (SaaS), ensuring that the liability framework aligns with technological advancements. This article examines the directive's key provisions and explores its implications for SaaS providers, banks, telecommunications companies, and other sectors.

Brief analysis of some of the most interesting key provisions around liability

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