The Council of the EU approved the AI Act on 21 May 2024 and it is now expected to enter into force by June 2024. With the exception of certain provisions of the AI Act, such as prohibited AI, the main obligations will apply two years after it commences. Oversight will be managed by national supervisory authorities including: The AI Office The AI Board A scientific panel, and A stakeholder advisory forum. Following the announcement of the adoption of the AI Act,...

Article by Brandon Bowers | These costs are one reason why ransomware attacks are particularly damaging to small businesses, 60 percent of which are forced to go out of business within six months following a breach.   PROTECTING AGAINST RANSOMWARE ATTACKS One of the first steps small- and mid-size businesses should take to protect themselves against ransomware attacks is understanding how these scams begin. Countless studies have found that the most common ways criminals access victims’ systems are 1) phishing scams, in...

€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

NEW YORK – June 21, 2024: Trepp, Inc., a leading provider of information, analytics, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, announced today that its Chief Executive Officer, Annemarie DiCola, has been honored with the Groundbreakers Award from Fordham University’s Real Estate Institute (REI). This prestigious award recognizes leaders who have made significant contributions to the CRE industry. Annemarie was honored on the evening of June 18th at the Building Futures Annual Awards Gala,...

€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

Improving economic conditions and greater stability are likely to lead to increased market confidence across the continent Dealmaking in Europe turned a corner in Q4 of 2023 and in the early months of this year, as pipelines in private equity, M&A, venture capital and equity capital markets all began to improve thanks to recovering economic conditions across the continent. Osborne Clarke has prepared a report in which we have analysed the trends emerging from a legal perspective in European dealmaking in 2023 and...

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...