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eAlerts Récentes

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  02/10/2024

  Hongrie

  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

  UAE

  UAE: VARA issues further regulations and guidance on marketing virtual assets and related activities in Dubai

  The Dubai Virtual Assets Regulatory Authority (“VARA”) has published new regulations (the “Regulations”)[1] and accompanying guidance (the “Guidance”)[2] on the marketing of virtual assets (“VAs”) and related activities (“VA Activities”) in Dubai (together the “Marketing Regulations”). The Marketing Regulations supersede the existing regulations[3] in relation to marketing VAs and VA Activities in Dubai (the “Existing Regulations”), and will be effective from 1 October 2024, although entities that have received...

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  27/09/2024

  Hongrie

  Is the recent Russian sanctions Regulation a violation of the nullum crimen principle or a legal necessity?

  In the aftermath of the 24 June 2024 introduction of Council Regulation (EU) 2024/1745, which delivered the 14th set of sanctions against Russia for its invasion of Ukraine, a debate is underway whether its instruction to prosecute both intentional and negligent violations of the sanctions is a necessary step to ensure compliance or a violation of the principle of legality, specifically nullum crimen sine lege.BackgroundAccording to Hungarian criminal law, any person who violates any economic, commercial or financial restriction ordered in regulations adopted under Article 75 and Article 215 of...

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  25/09/2024

  Belgique

  The Belgian Data Protection Authority publishes an informative brochure on artificial intelligence systems and the GDPR

  The Belgian Data Protection Authority has just published a brochure entitled “Artificial Intelligence Systems and the GDPR - A Data Protection Perspective” to explain the GDPR requirements specifically applicable to the development and deployment of AI systems. We have set out below a summary of this brochure and provided some key takeaways.The intersection of artificial intelligence (“AI”) and data protection law has become increasingly relevant in today’s digital landscape. As AI technologies evolve, they pose unique challenges that necessitate a thorough understanding...

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  23/09/2024

  England and Wales

  D'Aloia v Persons Unknown: English High Court clarifies law on crypto and constructive trusts

  Fabrizio D'Aloia v Persons Unknown Category A, Binance Holdings Limited, Polo Digital Assets Inc, Gate Technology Corp, Aux Cayes Fintech Co Ltd, Bitkub Online Co Ltd, Persons Unknown Category B (EWHC 2342 (Ch), 12 Sep 2024)D’Aloia will be a case name recognised by those with an interest in crypto law.  As previously reported (see CMS Law-Now here), on 24 June 2022, the High Court granted Mr D’Aloia (“Claimant”) an order permitting service of proceedings on persons unknown via a non-fungible token (NFT) .The claim against Binance Holdings Limited has since been settled,...

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  13/09/2024

  UAE

  UAE: SCA Issues New Guidelines on the Regulation of Virtual Assets and VASPs

  IntroductionThe Securities and Commodities Authority (“SCA”) has published the long awaited guidelines (the “Guidelines”) that supplement its existing legislative framework for virtual assets in the UAE, in particular Cabinet Resolution No. 111 of 2022, SCA Decision 13/RM of 2021 (the “SCA Rulebook”) and SCA Decision No.26 (Chairman) of 2023 respectively.The Guidelines apply to all Virtual Assets and Virtual Assets Services Providers (“VASPs”) in the UAE, with the exception of the financial freezones of the DIFC and ADGM.The Guidelines are comprehensive,...

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