IP practitioners do not view themselves as typically in the crosshairs of political and national security issues. But the Russian invasion of Ukraine offers many lessons learned from the perspective of how to prepare for any future sanctions or political pressure, and what to do if such actions are taken.
This article outlines red flags that brand owners and licensees should look for, consider, and address if they find such flags in a brand license agreement.
The Eversheds Sutherland European Dictionary of Selected Legal Terms has been specifically designed with US and UK corporate counsel in mind. It brings together in a handy pocket format a guide to more than 1000 legal and commercial expressions commonly encountered or used by US and UK corporate counsel in business and in litigation situations in Europe. By covering these terms in English, French, German, Italian and Spanish, it extends to the European markets which directly serve more than 300 million people.
The EU AI Act is hotly anticipated as being a benchmark AI law that other jurisdictions might look towards when developing their own laws (much like GDPR has become a standard upon which some other countries’ own laws are based). First, much like the GDPR in terms of impact, the EU AI Act will have an extra-territorial scope, extending to providers and users of AI outside the EU where the output is used in the EU. Secondly, the Act does lay down fixed penalties for certain infringements of the Act, the highest fine being 30,000,000 EUR or 6% of a company’s total worldwide annual turnover (3% in the case of an SME or start-up) for non-compliance with the prohibitions of AI practices.
With organisations increasingly relying on AI technology, UK and EU regulators are turning their attention to effective regulation of AI in an effort to recognise its benefits while instilling confidence in individuals that the increasing use of AI is being deployed appropriately and lawfully. In the EU, the European Commission’s AI Act (“Act”) proposal has undergone further changes following review by EU member states. The Council of the EU approved a compromise version of the Act on 6 December 2022. The European Parliament is expected to vote on the draft by the end of March 2023, with a view to adopting the Act by the end of 2023.