Member News

Member News

Noerr | Final Text of the European AI Act – What Companies and Public Institutions that Want to Use AI Systems Need to Be Prepared for

On 21 January 2024, the final text of the EU Regulation laying down harmonised rules on artificial intelligence (“AI Act”) was made public through unofficial channels but has yet to be formally adopted in the legislative process. Not surprisingly, the almost 900-page working paper still contains numerous substantive changes, many of which primarily affect AI system providers. For most companies, however, the much more interesting question is: What obligations do they face if they want to use third-party AI systems? The European AI Regulation...

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Member News

AlixPartners | Reality Check: A Look Back at Last Year’s Container Shipping Report

A regular feature of AlixPartners’ Annual Container Shipping Report is a section detailing trends to watch in the coming year. Each year, when we prepare our latest report, we review our selection from the prior cycle to learn how well our forecasts held up against real-world events. In last year’s report, we named five trends to watch in 2023 and suggested how they might develop during the year. Read on to learn how they played out. Trade flows in flux We noted...

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Member News, New York Related News

Ogletree Deakins | Reminder for New York State Employers: Salary Basis Thresholds Increased for 2024

New York recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime, not to be confused with the separate upcoming increases to salary threshold for the purposes of pay frequency. Salary Thresholds for Overtime Exemptions On December 27, 2023, the New York State Department of Labor (NYDOL) published a notice of adoption in the New York State Register increasing the minimum salary thresholds for exempt executive and administrative employees to $1,200 per week (approximately $62,400...

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Member News

Greenberg Traurig | Emerging Technology Views

Emerging Technology Views provides entrepreneurs and early stage companies a forum to keep abreast of technology news, trends and strategies to help their business succeed. We cover a variety of topics from business formation to seeking investment, IP protection to labor and employment issues, hot spots of innovation to event highlights and anything in between. 5 Trends to Watch: 2024 Emerging Technology Increased Adoption of Generative AI and Push to Minimize Algorithmic Biases – Generative AI took center stage in 2023...

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Member News

Littler Mendelson | Data Privacy and AI: What Should UK and EU Employers Look out for in 2024?

As we look ahead to 2024, it is clear that both data protection and AI will continue to take center stage in the UK, as it will in many other countries. In this article we look ahead to the developments that are expected to impact UK employers in the coming year. EU Regulation of AI – the hotly anticipated EU AI Act has been hailed as “the world’s first comprehensive AI law.” The most recent development was in early December 2023,...

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Member News

NautaDutilh | New Belgian Rules on Tort Liability are Coming: the Impact on the Civil Liability of Company Directors, Independent Subcontractors and Employees

On 1 February 2024, Belgian Parliament adopted a new Book 6 to the civil code, holding new rules on tort liability. The core principles of Belgian tort liability remain largely unaltered: Parliament's primary aim was to codify and clarify the current rules, which were mostly judge-made over the many years since 1804. Nevertheless, there are notable innovations and important changes. In this publication we discuss one fundamental change: the abrogation of the so-called quasi-immunity of auxiliary agents. What will change? In...

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Member News

Wilson Sonsini | Bipartisan Legislation Seeks to Clarify Which Inventions Are Patent Eligible

The U.S. patent system is based upon a quid pro quo balance that incentivizes innovation via a time-limited patent exclusivity, while encouraging the dissemination of new ideas for public benefit and use upon expiration of the patented innovation. However, for some innovative technologies, such as personalized medicine, diagnostics, and artificial intelligence (AI), case law developed within the past decade has made obtaining patent protection increasingly difficult. This has led to a lack of clarity and incentive for some innovators...

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Member News

Ankaa Ventures and Hi Inov announce a strategic partnership

EACCNY Member Ankaa Ventures and Hi Inov announce a strategic partnership to support European start-ups in their seed phase Hi Inov, a Franco-German venture capitalist specialising in BtoB digital start-ups, has entrusted its seed capital program to Ankaa Ventures. Ankaa’s sectors of expertise, including climate tech, human capital, data and AI, are among those targeted by the Hi Inov 3 fund. Paris, 7 February 2024 – Hi Inov – Dentressangle, a Franco-German venture capital company with €350m in...

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CLA (CliftonLarsonAllen) | Major Tax Changes Expected in Two Years, Plan Now to Reduce Impact

The Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes to businesses and individuals. Individual and some business tax rates were cut — some significantly — starting in 2018. Built into the law was the sunset of certain important provisions on December 31, 2025. This means on January 1, 2026, tax law reverts to the tax law before the TCJA’s passage. Because the sunset is part of law, it would take an act of Congress to prevent it. Explore some...

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Member News

Houthoff | EU Data Act: New Obligations for Manufacturers of Smart Products

On 11 January 2024, the EU Data Act (2023/2854) entered into force. This new regulation includes rules for accessing and using data generated by smart products, such as smart meters, industrial machinery, medical devices and connected cars. Such devices generate data on a large scale, but these data are typically held by the manufacturers of those products. The European Union finds this problematic, which is why it introduced the Data Act in an effort to give individuals and businesses more control over...

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