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Biden makes new deal with leading AI companies As the AI related headlines keep coming, governments and regulators across the globe are starting to take action. The EU’s AI Act has taken much of the focus to-date, while the UK Government is moving at pace to flesh out its own, pragmatic, regime. But h... Code of Practice on Copyright and Artificial Intelligence – are we in for an endless summer? As work on the UKIPO’s Code of Practice on Copyright and Artificial Intelligence gets underway, the UKIPO has published its Terms of Reference for the technical working group, together with a list of working group members. Whilst these appear to be largel... International tax reform: the gift that keeps on giving The OECD published a second set of Administrative Guidance on the Pillar Two GloBE Rules and the GloBE Information Return (and numerous other documents), while the UK released 30 pages of proposed amendments to the legislation implementing the Income Incl... Recapping Regulation: A big week for fintech It is a good time to check in on the financial regulation lawyer in your life, following a deluge of regulatory updates as the UK sails towards its post-Brexit framework. Here, we recap the updates from the past week that matter to those in the fintech sp... Another RETT reform in Germany? A far-reaching reform of the German real estate transfer tax (RETT) rules has been proposed which, if implemented, is intended to apply to transactions that take place after 31 December 2023.  In July 2023, the German Federal Ministry of Finance (BMF) cir... Supporting emerging climate innovators: key takeaways from the Undaunted Innovation Hub panel During London Climate Action Week, Slaughter and May were invited to be a panellist for the Undaunted Innovation Hub Panel event at The Royal Institution on 27 June. The panel, chaired by Undaunted's director Alyssa Gilbert, considered how emerging climat... What is the impact of the artificial arrangement concept on the identification of an abuse of law? The French Administrative Supreme Court’s recent case law has effectively reduced the two abuse of law conditions to one in the case of artificial arrangements. In addition to posing difficulties in terms of legal certainty, this approach clashes with the... EU-US Data Privacy Framework adequacy decision adopted by European Commission: a solution for EU-US transfers (for now at least) On 10 July, the European Commission announced the adoption of their adequacy decision for the EU-US Data Privacy Framework (the DPF), meaning that the free flow of personal data to the US can now resume, at least to US companies participating in the DPF. ... Good news for non-residents with assets in Spain? A promising Wealth Tax precedent. A recent decision may pave the way for non-residents with assets in Spain to benefit from significant Spanish Wealth Tax reductions. The Wealth Tax ─ a rare phenomenon in European countries─ is levied on both Spanish residents, who are taxed on their worl... Marathon or sprint: China's approach to generative AI Generative AI’s recent and explosive launch into the public consciousness has unsurprisingly landed it firmly at the top of global regulatory agendas. Although large language models (LLMs), which underly offerings such as OpenAI’s ChatGPT, Google Bard and...