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  •  
    06/12/2024
    Suisse

    The impact of sanctions against Russia at the enforcement stage: How to monetise awards against frozen assets in a nutshell

    Enforcement is often overlooked during the early stages of arbitration proceedings. No party, however, intends to go through the trouble and expense of an arbitration only to end up with an unenforceable award. From the outset of an arbitration, claimants and their counsel should consider whether the assets of their opponents are frozen under any applicable sanctions regime. The release of frozen assets of an award debtor to satisfy an arbitral award requires a specific authorisation from the competent authorities that is granted only under certain conditions (i.e. "Licence"). This article addresses...
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  •  
    05/12/2024
    United Kingdom

    Increasing the GMC’s scope of regulation but at what cost?

    Background: reforms to regulatory frameworksThe UK’s healthcare regulatory landscape is currently undergoing significant change, with various reforms expected to improve how healthcare professionals are regulated. Central to these reforms is the inclusion of additional roles, such as Physician Associates (PAs) and Anaesthesia Associates (AAs), into the General Medical Council (GMC)’s scope of regulation.This shift aims to streamline the regulatory process, improve accountability, and ensure patient safety across the healthcare sector. However, as the GMC prepares to assume regulatory...
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  •  
    04/12/2024
    Hongrie

    Hungary to introduce new statistical classification for economic activities on 1 January 2025

    As of 1 January 2025, a new version of the statistical industrial classification of activities (NACE’25) will replace the currently applicable classification system (NACE’08). The change was mandated by EU legislation, and as a result from 1 January 2025 economic activities pursued by Hungarian companies must be classified according to the new NACE’25.Hungary’s parliament has just adopted the act outlining the obligations of Hungarian companies regarding the upcoming changes to the activity-classification system specified below.Until 31 January 2025, the National Tax and...
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  •  
    03/12/2024
    Ukraine

    Ukraine enacts tax code amendments amid martial law

    On 28 November 2024, President Volodymyr Zelensky signed into law significant amendments to the Tax Code of Ukraine and other related laws with the aim of ensuring a balanced budget during the period of martial law. The law, passed by the Ukrainian parliament on 10 October 2024, came into effect on 1 December.The key changes introduced by the law include:Military tax: For the duration of martial law, the military levy rate has been temporarily increased to 5% for a wide range of taxpayers, specifically employees and gig-contractors. For sole proprietors under the simplified tax system (3rd group),...
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  •  
    15/11/2024
    Belgium

    The AI Act and IP rights: key obligations for providers of general-purpose AI models

    The European Union’s Regulation 2024/1689, also known as the AI Act, is one of the first laws governing the deployment of artificial intelligence tools. This legislation categorizes AI systems into different risk levels and imposes corresponding obligations. In this last article in our series on AI and intellectual property rights, we discuss the provisions of the AI Act that will have an impact on your intellectual property.1.    Copyright policies regarding general-purpose AI modelsAccording to the AI Act, providers of general-purpose AI (“GPAI”) models must...
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  •  
    23/10/2024
    Belgium

    How can you legally protect your website from being read and copied by AI companies?

    Recently, Getty Images filed a lawsuit against Stability AI, accusing it of using copyrighted images to train its AI models without Getty’s consent. The question may also arise whether popular generative AI tools like Midjourney use databases containing copyright protected material without the consent of the rights holders to generate their images.Recent lawsuits, which include class actions, will help determine to what extent AI developers may use copyright protected works to train their models.As mentioned in our previous article, the owners of copyrights may rely on their exclusive rights...
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