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 sector, customers and supervisors.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 European Parliament approves its position on the Directive on Corporate Sustainability Due Diligence
With this vote, the European Parliament has taken another step in the approval of the Due Diligence Directive (known by the acronyms CS3D/CSDD), aim of which is to ensure that companies operating in the internal market adopt measures to identify, prevent, mitigate, bring to an end and remedy the adverse human rights and environmental impacts of their activities, as well as those of their subsidiaries or value chains.Standard essential patents and FRAND licensing: publication by the EC of the proposal for a regulation puts the EUIPO in the spotlight for the development of IoT
The European Commission has presented a proposal for a regulation that aims to promote the transparency and predictability of licensing of standard essential patents (SEPs) and that will promote the development, among other areas, of the Internet of Things (IoT).Commission's decision on tax lease partially annulled
On February 2, 2023 the Court of Justice of the European Union (CJEU) partially annulled Commission Decision of 17 July 2013 which declared that the Spanish tax lease system was a state aid scheme and ordered it to be recovered from the investors only.