Today, the futuristic enthusiasm which was created in minds with the term "artificial intelligence" is accompanied by some anxiety for uncertainty. The term "artificial intelligence", about which a wide variety of definitions have already been made, means systems or machines that imitate human intelligence to perform tasks and can gradually improve itself with the information it collects. Autonomous delivery robots that can bring our orders to our home, a chess robot that breaks its opponent's finger in an uncompromising way because of a faulty move, robot surgeons which successfully perform abdominal surgery without any help and many other AI algorithms that can write poetry, produce visual works, and write articles for newspapers…
US Terminates the Double Taxation Treaty with Hungary
On 8 July 2022, the U.S. Treasury Department announced the termination of the double taxation treaty with Hungary concluded in 1979. The termination is effective from 1 January 2024.
FDI Screening in North Macedonia
North Macedonia does not have a foreign investment screening regime comparable to those now emerging in the European Union in light of the EU FDI Screening Regulation, but operates a single-sector authorisation system specifically covering the defence sector. Additionally, there is mandatory registration of all direct investments made by non-residents.
Romania: Significant Changes to the Authorisation Framework of the Romanian Representative Offices of Foreign Companies
The legal framework regarding representative offices of foreign companies in Romania was recently amended with the publication in the Official Gazette of Romania, Part I, no. 779 of 4 August 2022, of Ordinance no. 18/2022 on the authorisation and operation in Romania of representative offices of foreign companies and business entities (“Ordinance”).
KATA Taxation Closed down in Hungary
On 12 July 2022, just one day after its proposal, the Hungarian Parliament accepted the new law that affects more than 430,000 KATA taxpayers in Hungary, most of whom will no longer be eligible for this tax regime starting from 1 September 2022.
Carta Serbica – A New Repatriation Initiative Introduced by the Serbian Government
The new repatriation program – Carta Serbica – has been recently introduced allowing people with Serbian roots to obtain temporary residence and possible citizenship in the land of their ancestors.
FDI Screening in Moldova
This article provides an up-to-date overview of the currently existing FDI regimes in Moldova.
FDI Screening in Poland
This article provides an up-to-date overview of the currently existing FDI regimes in Poland.
Ultimate Beneficial Owner Registration in Slovakia
The Slovak Republic has transposed regulations to prevent money laundering and terrorist financing. These regulations are mainly stated in the AML Act.
Hungary Opens Its Online Sports Betting Market from 2023 and Sets Licensing Conditions
Hungary has ended the state monopoly on the online sports betting market and this now makes way for the market entry of operators incorporated in the European Economic Area (EEA) ("EEA Operators").
New Decision from BRSA: Turkish Lira Credit Restrictions Have Been Softened
With the Banking Regulatory and Supervisory Authority’s [the “BRSA”] decision numbered 10250 and dated 24 June 2022 [the “Restriction Decision”], TRL borrowing by Companies [“Companies”], other than banks and financial institutions, which are subject to independent audit has become subject to a foreign currency asset [“FX-Asset”] restriction was introduced.
Romania – New Legislation on Representative Offices
On August 4, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette.
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Establishing a Non-Governmental Organization in Romania ("NGO")
The two main forms of non-governmental organizations that may be established in Romania are the associations and foundations. While an association may be incorporated by at least three domestic/foreign individuals/entities as founding members, a foundation may be incorporated by at least one domestic/foreign individual/entity as founding member(s). Associations are set up in order to carry out activities for the general interest, for the interest of a community or for the non-profit interests of its members and the law does not impose a minimum initial patrimony.
Law on Amendments to the Law on Foreigners – Introducing Digital Nomads to Montenegrin Legislation
The long-awaited legal framework defining entrance and residence permits for digital nomads – Law on amendments to the Law on Foreigners (“Law”) has been adopted in the Parliament of Montenegro and it shall enter into force on 11 August 2022.
FDI Screening in Czech Republic
New FDI legislation entered into force on 1 May 2021. It introduced a mandatory, suspensory, pre-closing notification obligation for acquisitions of "effective control" over companies active in the Czech Republic in industries deemed capable of threatening the security of the Czech Republic and internal or public order by parties resident outside the European Union, or whose ultimate controlling parent is resident outside the European Union.
Brexit: The Current Impact of the UK’s Exit from the EU
Only a few years ago, Europe faced a major upheaval to the international economy with Brexit, i.e. the exit of the United Kingdom from the European Union. This event, like the war in Ukraine or the COVID-19 pandemic, has had significant consequences for the global economy, affecting the quality of our daily lives.
About Photographing Attendees to an Event
Is it legal to photograph[1] attendees to an event and then use the photos, for example, for marketing purposes?
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Entrepreneurship
Entrepreneurship in Romania.