Recent Articles

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  19/04/2024

  United Kingdom

  Digital asset insolvency issues not insoluble for English law

  Digital assets may be new, but existing English insolvency laws and principles can deal with them. So finds the UK Jurisdiction Taskforce (UKJT) in its ‘Legal Statement on Digital Assets and English Insolvency Law’, published this week.Key takeaways include:English insolvency law is entirely capable of application to scenarios concerning digital assets, including the technical and fact-specific issues that may arise. Digital assets are capable of amounting to property for the purposes of English insolvency law. When figuring out which country has jurisdiction, the English...

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  19/04/2024

  United Kingdom

  Is the UK’s “pro-in­nov­a­tion” approach to AI regulation sustainable? TUC continues its call for legislation with publication of AI Bill

  The potential impact of artificial intelligence (AI) on the world of work is enormous. The UK AI industry is estimated to be worth over $1 trillion by 2035 and a recent research paper anticipates that up to 59% of job tasks will be impacted by generative AI. However, given the risks involved in using AI, there is clearly a balance to be struck in terms of capitalising on AI’s huge economic potential while putting in place appropriate safeguards to protect the workforce.There is currently a global divergence in AI regulation. The UK government has so far chosen to take a light touch, or ‘pro...

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  18/04/2024

  United Kingdom

  Transparency: ECCTA 2023 and Register of Overseas Entities update

  The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which is aimed at tackling economic crime and preventing abuse of corporate structures in the UK, will not only fundamentally reform the administrative requirements for UK companies, limited liability partnerships and limited partnerships generally, but will also expand the requirements of the Register of Overseas Entities (ROE) regime for overseas entities holding or acquiring UK real estate.  The ROE is a register at Companies House which came into effect on 1 August 2022. Here are some FAQs providing information about...

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  18/04/2024

  APAC region

  Top developments and predictions in the Technology, Media and Communications sector in Asia-Pacific

  We look back at the top developments over the last 12 months in the technology, media and communications (TMC) sector and we look to the future with our top predictions for the coming year for businesses operating across the Asia-Pacific region, specifically in mainland China, Hong Kong and Singapore.Over the last year, mainland China, Hong Kong and Singapore demonstrated their commitment to fostering a secure and innovative digital landscape by introducing a range of new regulations and measures. From cross-border personal information transfer and artificial intelligence service management to...

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  18/04/2024

  International

  Transforming the Legal Landscape? The Impact of LLMs

  Large Language Models (LLMs) are a branch of artificial intelligence (AI) that can generate human-like text based on deep learning techniques. LLMs are trained on massive amounts of textual data, such as books, articles, and websites, and learn to recognise patterns, structures, and relationships within the data. By doing so, they develop the ability to produce text on various topics. The presence of LLMs in the legal sector is increasing and, with this, the ability of lawyers to understand and use LLMs in providing quality advice to their clients is becoming more important. CMS have a dedicated...

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  17/04/2024

  Germany

  Impact of the CJEU's Schufa judgment on the use of AI in HR

  This article examines the extent to which the CJEU's Schufa judgment is an obstacle to the use of artificial intelligence (AI) in the HR sector.More and more companies are using AI systems in HR. A key data protection provision in this context is Article 22 (1) GDPR. According to this provision, every person has the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects concerning him or her or similarly significantly affects him or her. On 7 December 2023, the CJEU caused commotion in the media with its Schufa judgment (European...

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