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Aktuelle eAlerts

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  07/10/2024

  United Kingdom

  Junk Food for Thought: New Rules for October 2025

  After years of prolonged discussions, the UK Government has at last settled on a course of action about high in fat, salt, and sugar (“HFSS”) advertising – or have they? Having dabbled with the possibility of bans, restrictions, and countless consultations, the UK Government is now decided (for now, at least) to implement stricter advertising restrictions for less healthy foods and drink products in October 20251. Traditional TV and online platforms are bracing themselves for tough restrictions. In a surprising twist, it seems internet protocol television (“IPTV”)...

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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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  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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  24/07/2024

  UK, EU

  Overcooked, but with a slight bite – CJEU considers relevance of pre-Brexit UK rights in BASMATI EU trade mark opposition

  Are UK trade mark rights still relevant for EU trade mark oppositions that were started before – but are appealed after – the end of the Brexit transition period? And, more importantly, should UK rights holders still have the right to block EU trade mark applications that would no longer overlap with their earlier UK rights?The CJEU has sunk its teeth into these sticky issues in the case of Indo European Foods Ltd v EUIPO. The case concerned an opposition against an EU trade mark bearing the mark BASMATI, relying on “extended passing off” under UK common law. It demonstrates...

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  21/06/2024

  Italy

  Italian Supreme Court Upholds OECD Transfer Pricing Rules

  The decisions of the Italian Supreme Court nos. 10577/2024 and 10499/2024 (concerning the same case for corporate income tax and regional income tax purposes) confirm important principles regarding transfer pricing transactions between associated companies.Firstly, the approach taken in the previous decision of the Italian Supreme Court no. 15668/2022 (available here) is confirmed with regard to the relevance of the arm’s length principle set forth by Article 9 of the OECD Model Tax Convention and included in Article 110, par. 7 of the Italian Income Tax Code.Moreover, the principle that,...

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