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UK diverges from EU on new plans for AI regulation The 18th July was a busy day for AI in the UK. As well as publishing the Data Protection and Digital Information Bill, which includes AI measures, the UK Government published: a new AI policy paper which outlines its proposed approach to regulating AI in...
Crypto winter, regulatory spring Until not so long ago, lawyers like me would have to trawl the internet for a whispered mention of crypto from a regulator, and it took quite a long time to explain my interest in the subject at a dinner party. Now, it is difficult to go more than a few...
Energy (Oil and Gas) Profits Levy Act 2022 The one-week consultation left little time to comment on the draft legislation for the Energy (Oil and Gas) Profits Levy (the Levy) which applies to certain profits of oil and gas companies from upstream activity in the UK and on the UK Continental Shelf...
Stop the press! Taxpayer wins Ramsay appeal on disclosed avoidance scheme "We understand that some readers of this decision may find it surprising that an artificial series of transactions which, on the unchallenged findings of the FTT, were devoid of business purpose and effected only to achieve a "magical" increase in...
Has the ICO just told lawyers not to advise clients to pay ransoms? Ransomware attacks are on the rise, and more organisations have been paying the ransoms in recent months. In light of this, the ICO and National Cyber Security Centre (‘NCSC)’ have published a joint letter they sent to the Law Society regarding ransomware...
Restrictive immunity: codifying the UK's approach to taxing sovereign investors The doctrine of sovereign immunity is the international law principle that one sovereign State should not seek to apply its law to another sovereign State. In the UK, the application of that principle to the courts is governed by the State Immunity Act...
Rise of the machines? As the UKIPO publishes the results of its consultation on AI and IP, are we about to enter a new dawn? The UKIPO has published its response to its consultation on AI and IP. Whilst the Government has decided not to make any changes to existing protection for computer-generated works or to UK patent legislation in respect of AI-devised inventions, it has...
IP in the Metaverse Ever since Facebook rebranded as “Meta”, everyone has been talking about the Metaverse. But what exactly is it (or could it be) and what does it mean for intellectual property rights? We give a few initial thoughts below. The Metaverse As things currently...
Key takeaways from the ClimateTech Summit (part of London Tech Week) During the hectic schedule of London Tech Week - the flagship annual tech event in the UK – we were lucky enough to attend the thought-provoking ClimateTech Summit on the second day of the conference. At the intersection of both our Sustainability and...
Greening Imports: UK Government to consult on a unilateral CBAM It's been an interesting month so far in the world of climate taxes.  For a brief moment it looked as though pens were down on the European Carbon Border Adjustment Mechanism (CBAM), Social Climate Fund and Greenhouse Gas trading proposals, pending...