This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe The recent proposal for a regulation on artificial intelligence (the Artificial Intelligence Regulation) might add a new piece to the regulatory puzzle governing medical device software and other medical devices that incorporate software based on AI algorithms. The proposal for a regulation laying down harmonized rules on artificial intelligence, adopted by the European Commission on April 21, 2021 (COM (2021/206), intersects with other regulatory frameworks, such as Regulations (EU)...

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Data Analytics is one of the fields of Data Science, and it can change your business for the better. Understand how it works and check out the areas most impacted by data analysis! No matter what your business or industry, Data Analytics can help you make decisions. Correctly analyzed data, aligned with business objectives, can transform the reality of a corporation. That’s why the demand for Data Science and Data Analytics solutions has only increased over time. That’s because understanding the patterns...

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“Some benefits are customary, rather than legally required, but they may be necessary to attract local talent,” says Bill Kirwan, vice president, advisory for Vistra in the UK. One path is to set up a local legal entity, such as a subsidiary or branch, which will allow the employer to provide workers with all legally required benefits. The employer may then add any customary additions it chooses. Establishing a legal entity offers the employer maximum flexibility in terms of allowable...

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As the SEC cautions SPAC managers about the use of projections, an FTI Consulting analysis of SPAC valuations reveals reasons for caution. In recent years, one of the big advantages of the SPAC merger for private companies when going public over choosing a traditional IPO was the acceptance of using forward-looking projections in investor presentations. However, questions about the implications of relying upon projections have lately dogged the SPAC universe and focused attention on some transactions after the fact. Based on...

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As the U.S. economy reemerges on the other side of the 2020 recession, the U.S. labor market remains an area of concern for occupiers, investors and the commercial real estate (CRE) industry. In our latest report we examine five key U.S. labor market trends impacting CRE. The impact of the pandemic on the U.S. labor market was sharp and severe, especially within urban areas. Although the labor market is now well on its way to recovery, there remain significant challenges...

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Manfred Weber, German MEP and leader of the group in the European Parliament, has, in a surprise move, ruled himself out of the Presidency. In an agreement, decided just over two years ago, the first half of the 2019 – 2024 term would be held by the Socialists, and the latter half by the EPP.  Weber, who ran as the lead candidate for the EPP in the 2019 elections, where the EPP received the highest number of votes, did not...

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The transforming mobility landscape The pandemic has impacted us all. Businesses, society and economies all over the world have been hit hard and, as a result, countries have been forced to take extensive measures in order to combat the virus. These include closing borders, making international business travel nearly impossible. The pandemic acted as a catalyst for businesses around the world to respond rapidly in agile and purposeful ways. As a result, the priorities of advisers shifted towards ensuring their clients...

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In this News Update, we discuss the European Commission's announcement to revise the European AML/CFT legislation and create a European AML/CFT supervisor. We also look at the EBA's consultation on new Guidelines on the role of AML/CFT compliance officers. We discuss the CJEU's ruling on the EBA Guidelines' validity on product oversight and governance. Further, we look at the EBA's Opinion to easily implement the IFR and IFD. Finally, we highlight some other financial regulatory publications issued this summer. EUROPEAN...

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Stout's Automotive Recall Accelerator brings together unique and important news, analysis, and insights related to automotive recall and vehicle safety for stakeholders across the industry. RECENT DEVELOPMENTS In early 2020, a fuel pump recall was issued due to cracking from prolonged exposure to solvents during manufacturing which affected five vehicle manufacturers. Since the initial recalls, there have been at least two expansions of those recalls (highlighted in Stout’s April Automotive Accelerator). In July 2021, another vehicle manufacturer expanded its recall to...

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