EACC & Member News

Taylor Wessing: AI at the Paris Olympics: Technological triumph or privacy nightmare?

Unsurprisingly, the application of artificial intelligence (AI) has not been absent from the Olympic Games. However, as it is always the case, any technological advance necessarily entails risks, and the use of AI in the Olympics has already triggered a number of major legal and ethical debates, particularly in the context of mass surveillance systems designed to help police the Olympics. Dr. János Kopasz explored the many different solutions for the use of AI in the Olympics, highlighting its benefits and controversial issues, especially in light of the new EU AI Act that entered into force on 1 August 2024.

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EACC & Member News

Houthoff: NEWS UPDATE FINANCIAL REGULATORY

In this News Update we discuss: the latest developments in crypto-asset regulations for banks; the EUR 3.7 million penalty imposed on Santander Consumer Finance for irresponsible lending; and the judgment of the General Court (Fourth Chamber) on the assessment of reputation and professional competence due to the acquisition of a qualifying holding in HKB Bank GmbH.

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EACC & Member News

Loyens & Loeff: Hybrid financing arrangements under the GLOBE rules

Michiel Schul and Steffie Klein, members of our Tax team, have made a significant contribution to Tax Notes International. In their insightful article, they describe hybrid financing arrangements and mismatches between tax systems under the global anti-base-erosion model rules and provide illustrations of how these rules function.

EACC & Member News

AKD: Werner Heyvaert and Yannick Vandenplas contributed to “Outbound Acquisitions: Tax Planning for European Expansion in a Changing Landscape (2024)”

Every year, the Practicing Law Institute (PLI) in New York publishes its Corporate Tax Practice Series. The Series is a multivolume compendium of U.S. corporate tax law, that can easily be found in the libraries of most U.S. law firms and major corporations.

Werner Heyvaert and Yannick Vandenplas wrote the Belgium chapter.

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EACC & Member News

Houthoff: The CJEU recently rendered two important judgments in private enforcement of competition law cases in the EU

The CJEU drew a clear distinction between EU principles on the private enforcement of EU competition law and EU principles on private international law. In these two cases, the legal certainty served by private international law instruments on jurisdiction and service prevailed over private enforcement goals such as deterrence and full compensation. For the predictability of valid service of process and of the courts’ jurisdiction, it is pivotal which legal entities are served and/or sued. This outweighs further facilitation of claimants, so the ‘single economic unit’ concept that is used in competition law to consider various entities within a group as one and the same ‘undertaking’ to which the EU competition rules apply was not extended to jurisdiction and service in these cases.

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EACC & Member News

Briddge Legal & Finance: Advantageous R&D tax benefits in the Netherlands

Entrepreneurs engaging in Research & Development (R&D) activities, should consider establishing their operations in the Netherlands. The Netherlands offers several incentives that effectively reduce R&D costs, fueling entrepreneurship and fostering investments. These incentives, particularly the WBSO (Research and Development Promotion Act) and Innovation Box, play a crucial role in supporting innovative companies, enabling them to invest more and accelerate their development processes.

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