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  02/10/2024

  Ungarn

  Hungary begins implementation of EU AI Act with passage of Resolution

  The Hungarian government has issued Resolution 1301/2024. (IX. 30.), which establishes the foundation for creating the body responsible for implementing the tasks required by the EU AI Act. In issuing this resolution, Hungary has begun preparations for enforcing the regulation, which means that companies should now prepare for compliance by reviewing the AI systems they use, assessing these systems' alignment with the EU AI Act's requirements, and preparing the necessary risk management documentation to ensure transparency, accountability, and safety.Hungary’s new enforcement body will:Operate...

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  30/09/2024

  United Kingdom

  ASA upholds complaint against Nike in relation to misleading price claims

  On 25th September 2024, the Advertising Standards Authority (“ASA”) upheld a ruling against Nike and its authorised seller, The Sole Supplier, concluding that a paid-for advert promoting a deal available on a pair of Nike trainers was misleading and should not be shown again. This ruling forms part of the ASA’s wider piece of work on ‘online choice architecture’ (OCA), and so-called ‘dark patterns’.OCA is the designs, systems, and procedures that a website or software developer/operator implements to facilitate the decision-making of its end users. While...

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  12/09/2024

  United Kingdom

  Recommerce Reads - product liability and the circular economy

  Changes are coming to the existing EU and UK product liability regimes, aimed at responding to the digital age, the circular economy and new global supply chain models. Over the last 40 years, the current regimes have provided a harmonised framework by which consumers who have suffered damage as a result of a defective product may seek compensation. However, significant changes to the kinds of products consumers buy, and how they buy them, means reforms are overdue. Today’s marketplace is full of tech and smart products that were of no concern to legislators in the 1980s. Additionally, eco-conscious...

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  29/08/2024

  Ukraine

  Ukraine to Allow Limited Parallel Import of Medicines from 2025

  On 27 July 2024 a Law of Ukraine On Amendments to Certain Laws of Ukraine Concerning Parallel Import of Medicinal Products (the “Law”) came into force. The Law legalises limited parallel import regime for medicinal products as of 1 January 2025.The Law will bring the following key changes: From 1 January 2025, the parallel import of medicines into Ukraine will be lawful. At first, it will be possible to import medicines into Ukraine from EU countries, Iceland, Liechtenstein, and Norway only.It will be allowed to import medicines identical or similar to those registered in...

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  06/08/2024

  Ungarn

  EU Commission finetunes the Foreign Subsidies Regulation: insights into the latest Guidance

  On 26 July 2024, the European Commission released a staff working document that clarifies the Commission’s substantive test under the Foreign Subsidies Regulation (FSR). This document serves as a valuable supplementary resource to FSR case-law and provides insight into how the Commission will conduct FSR assessments. Although this document is not binding, it may also prove highly beneficial for companies in evaluating and managing FSR risks.What are FSR procedures?The preamble to the FSR states that existing EU instruments do not address distortions caused by foreign aid, prompting the Commission...

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  26/07/2024

  Italien

  Ruling no. 148/2024: tax exemption for dividends and capital gains realized by foreign funds - requirements

  The Italian Tax Authority (“ITA”), with the ruling no. 148/2024 published on July 11, 2024, confirms the application of the exemption regime - introduced by Article 1, paragraph 633, Law No. 178/2020 ("Budget Law 2021") - for Italian source dividends as well as capital gains deriving from the disposal of qualified participations realized by foreign investment funds, as better defined below.First of all, it should be recalled that the aforementioned Budget Law 2021 introduced the exemption regime for Italian-source income, consisting of dividends and capital gains (or capital losses)...

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