Currently there are laws but not for hosting. Look at the contract of Steam for example or Ubisoft, or anything else - Q: What happens to your game collection if we shut down our servers? A: You own nothing and lose everything, GG!
It is like that we must protect users privacy from greedy websites so we will make the bad ones spell out that they use cookies to spy on users - and the result is what we have now with the banners.