The challenges of European AI regulation for the financial sector
Artificial intelligence has enormous potential for financial institutions. Therefore, in addressing its regulation, the aim is to provide a framework of legal certainty to facilitate its adoption and also to address the challenges and risks for the…
Antitrust damages actions in Latin America: on the path to the European model?
We look at the progress made in relation to damages actions for infringements of competition law in Colombia, Peru, Mexico and Chile.
Spain: The clauses of a tender which result in an abuse of dominant position by a sports federation are null and void
In a judgment in which Garrigues acted as legal director, the Provincial Appeal Court of Madrid confirms that the clauses in the bidding conditions for soccer audiovisual rights that constitute an infringement of Articles 102 of the Treaty on the…
The challenges posed by the European Directive on minimum taxation for enterprises
Enterprises are facing one of the most important new tax developments in the last years due to the Directive which establishes a global minimum tax of 15% for large groups operating in the EU.
The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco
The deadline to submit offers for the five wells located on the two parcels is October 16.
The EU Regulation on foreign subsidies that distort the internal market enters into application and its Implementing Regulation is adopted
The new regulation clarifies the rules, notification obligations and procedures related to the application of the new regulation on financial contributions granted by third states to companies operating in the EU.
The European Union's role guarding fundamental rights in the artificial intelligence framework: ‘nulla IA sine ethica et sine lege’
The European Union has taken the lead with a proposal of regulation for AI, that encourages better conditions for the development and use of this technology. The key will be to achieve a regulatory framework that strikes the balance between…
Spain: The Royal Decree implementing the RED Mechanism provides that closures of work centers will require six months’ notice
The RED Mechanism for employment flexibility and stabilization created in the recent labor reform allows measures for the reduction of working hours and suspension of employment contracts. The legislation also amends the regulations governing…
Power transmission projects are reactivated in Mexico
The Federal Electricity Commission (CFE) is preparing a project to increase power transmission capacity on the country's west coast and the government of the State of Queretaro announces a power transmission project as a public-private partnership (…
Portugal: Temporary solidarity contributions on the energy and food distribution sectors
The forms for reporting the temporary solidarity contributions (CST) on the energy sector (Model 59) and the food distribution sector (Model 60) and the respective filling instructions, were approved by Ministerial Order no. 281/2023, of 13…
The European Commission approves the first set of sustainability reporting standards to be used by companies
In compliance with the mandate given in the corporate sustainability reporting directive (CSRD), the European Commission has approved a delegated act adopting the first set of reporting standards.
The new social rights and covering their cost
Companies do not have an unlimited capacity to take on their new employment obligations.