Probate and estate administration for non-Jersey domiciliaries Why do I need a Jersey grant of representation? Jersey is an independent legal jurisdiction for estate administration purposes ...
Law firms periodically receive requests for advice from CPAs regarding a client’s need to come into compliance with the relatively new and sometimes confusing “economic nexus” or “Wayfair” rules for selling goods or providing services to customers in another state ...
The Seventh Circuit issued the third in a trilogy of opinions in October establishing the metes and bounds for criminal prosecutions of “spoofing”—a form of market manipulation, mostly in the commodities markets—that Congress expressly prohibited in the 2010 Dodd-Frank Act. The decisions create a roadmap for government enforcers to bring more cases ...
Most founders are familiar with Section 1202 of the Internal Revenue Code, which provides a tax exemption for the sale of Qualified Small Business Stock (QSBS). Less well known is Section 1202's cousin, Section 1045, which provides certain tax benefits for a "rollover" of proceeds from the sale of QSBS into replacement QSBS. The basic rules are as follows: The original QSBS must be owned for at least 6 months prior to its sale ...
The recent Autumn Statement contained little support for charities as the sector continues to face increased demand, higher costs and reduced funding ...
'He’s making a list, he’s checking it twice, he’s gonna find out who’s naughty or nice’...but is Santa doing so in compliance with the GDPR? As the first Christmas trees and advent calendars go up in stores and homes across the UK, our thoughts may turn towards the joys – and pressures – of the festive season ...
While lawmakers in Canada1 and elsewhere2 are endeavouring to regulate the development and use of technologies based on artificial intelligence (AI), it is important to bear in mind that these technologies are also classified within the broader family of information technology (IT). In 2001, Quebec adopted a legal framework aimed at regulating IT. All too often forgotten, this legislation applies directly to the use of certain AI-based technologies ...
Since the enactment of the statutory donor-advised fund (“DAF”) rules under the Pension Protection Act of 2006, sponsoring organizations that manage DAF programs have relied on the Internal Revenue Code (“IRC” or the “Code”) and certain limited administrative guidance to structure and operate DAFs ...
The UK data protection regulator, the Information Commissioners’ Office (ICO) has recently published a blog containing a quick guide to help retailers assess the lawfulness of sharing criminal offence data ...
On 21 November, Waters Technology published an opinion piece on the use by cloud providers of hardware which, under previous policies, would have been retired. They are doing this due to exponential growth in the demand for their services – not profits. On the same day, it published an article highlighting the work the DTCC has been undertaking with AWS to produce technical standards “to enhance multi-region resiliency”, which were published on 20 November ...
Due to Norway’s status as a non-EU member, and instead member of the European Economic Area (the EEA), implementation of the Directives is delayed compared to the rest of the EU. For comparison, the original deadline for the implementation of the DSM Directive in the EU was 7 June 2021. Some of the proposed amendments to the Norwegian Copyright Act include: New obligations for providers of online content sharing platforms (such as Youtube, Facebook etc ...
Discussions in Brussels over the finalisation of the EU’s AI Act appear to have faltered, as the parties involved in its current ‘trilogue’ phase (involving agreement between the Commission, Council and Parliament on a final form text for the legislation) have struggled to reach a consensus on how to approach the regulation of foundation models ...
Please note the following press release. This press release is available at our homepage. Heuking advises the City of Frankfurt am Main on leasing LATERAL Towers A team led by Heuking Partner Dr. Frank Baßler advised the City of Frankfurt am Main on legal and tax matters associated with leasing the “Lateral Towers” from CELLS group ...
On November 2, 2023, in response to certain controversy, the Canada Revenue Agency (?CRA?) sought to clarify the application of the new disclosure rules, in force since June 22, 2023. The CRA?s comments relate, in particular, to the impact of reporting obligations on severance agreements, a topic we initially covered a few weeks ago1. We believe it is appropriate to go over these clarifications ...
Collaboration took centre stage at the recent Transport and Energy (TE) Forum event, which brought together industry leaders both in the public and private sectors to explore the crucial need for increased cooperation across the landscape. The forum, marked by the tagline 'Further & Faster,' acknowledged the strides the UK has made in achieving new charge point milestones but underscored the imperative for continued progress ...
We held Datasymposium 2023 – one of Finland's largest events focusing on data regulation and data utilisation – on 25 October at Bio Rex Lasipalatsi. The popular event, organised in partnership with Technology Industries of Finland, gathered hundreds of experts to discuss the effects of EU's new data regulation and its application from the perspective of trade secrets and data privacy ...
Carey Olsen advises Lightspeed Faction on launch of blockchain venture capital fund The fund is a collaboration between Lightspeed Venture Partners (Lightspeed) and the Faction partnership through the newly formed cryptocurrency firm, Lightspeed Faction ...
The Markets in Crypto Assets Regulation (MiCA)1 provides the legal framework for digital asset services within the European Union. This regulation, detailed with its 149 articles and 6 annexes, mandates that entities wishing to provide digital asset services across the EU must secure authorisation in one of the EU Member States ...
In recent months, colleagues in Scotland have been working closely with Glasgow City of Science and Innovation to partner in raising the profile of the Glasgow City Region on a national and international scale, showcasing its potential as a world-class hub for research and innovation ...
The acceleration in the development of Artificial Intelligence (AI) and machine learning technologies has been identified as a significant disruptor, influencing the design, operation, and location of data centres. AI models require large scale datasets and substantial computational power for training ...
The power and the peril of generative AI has been one of the most talked- about topics in legal circles since ChatGPT's explosion into public conscience in late 2022. The arrival of generative AI into our world is now a stark reality. Lawyers need to understand both the basics of the technology and its legal implications when considering the use of generative AI ...
