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OpenAI offers to indemnify ChatGPT customers for copyright infringement OpenAI has announced that it will protect its business customers against copyright infringement lawsuits, following the lead of Microsoft, Google and Amazon, who already offer customers such protection in relation to their generative AI products.  The off... Love, not money, is the basis for all happiness in life … and for tax residence in Italy On 16 October 2023 the Italian Government preliminarily approved a legislative decree to implement a reform regarding international taxation (Draft Decree). The proposal is yet to be approved by parliament. One key change is to the way tax residence is de... Are you an AIF? Are you comparable to a Spanish AIF? If yes, you could be entitled to a limited 1% tax on your Spanish source income The 1% income tax treatment, instead of the standard 19% tax, is available to non-Spanish tax resident alternative investment funds (AIFs). Or so the Spanish Supreme Court says, if you meet certain comparability criteria. Note: The Spanish tax statute of ... What can we learn from the UK’s AI Summit? The UK held the world’s first AI safety summit last week at Bletchley Park – a location famous for codebreaking (it was where Alan Turing’s team famously broke the Enigma code in World War II) and which is often linked to the birth of modern computing.  T... UK scraps the bonus cap - competitive divergence or prudent policymaking? On 24 October 2023, the PRA and the FCA issued a joint policy statement (PS) announcing that the bonus cap would be scrapped from 31 October 2023. The move follows a joint consultation paper (CP) published in December 2022, which itself gave effect to a c... EU Commission's proposal for an ESG Ratings Regulation Financing the transition to a climate-neutral and sustainable economy by 2050 is at the heart of the EU Commission's strategy for sustainable finance. In June 2023, the Commission reaffirmed its objective in a communication entitled "A framework for susta... Watch how you sign – handwriting only for assigning a European patent application You’ve made your European patent application. You now want to assign it. You check the relevant provision of the European Patent Convention (EPC), Article 72, which requires “the signature of the parties to the contract”. But beware. According to a recent... High Court places impact of Brexit on trade mark infringement on “advance track” The High Court has recently considered trade mark infringement through the use of a competitor’s mark as a Google keyword and in related internet advertising. The case itself was relatively straightforward on the facts, with the court finding that both th... Equifax: a new dawn for FCA enforcement? The FCA’s recent decision to fine Equifax Limited (“Equifax”) £11,164,400 for failing to manage and monitor the security of UK consumer data outsourced to its US-based parent Equifax Inc. - six years after the investigation was first announced - raises th... Clearview AI: the First-Tier Tribunal decision provides a clearer view on behavioural monitoring The First-Tier Tribunal (FTT) has allowed the appeal of the ICO’s fining and enforcement notices against Clearview AI Inc (Clearview). The FTT held that the ICO had no jurisdiction over Clearview as the use of its services by its clients for criminal law ...