Czech Republic: New changes in the Register of Ultimate Beneficial Owners

On 1 June 2021 a new Act No. 37/2021 Coll., on Registration of Ultimate Beneficial Owners, which significantly changes the rules for identifying and registering ultimate beneficial owners, will become effective.

Related briefings

Poland: UOKiK to examine TV broadcasters’ practices

On 5 May 2021 the Office of Competition and Consumer Protection (UOKiK) announced the launch of two anti-monopoly proceedings against: – Polsat Television; and – four Discovery Group entities (ie, Discovery Communications Europe, Discovery Communications Benelux, Discovery Polska and Eurosport).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Hungary: Implementation of EU CDSM and Satellite and Cable Directives

Hungary is one of the first countries in Central and Eastern Europe to fully implement the EU Copyright in the Digital Single Market (CDSM) Directive (2019/790/EU) and the EU Satellite and Cable Directive (2019/789/EU). On 6 May 2021 the so-called ‘Copyright Reform Act’ (Act XXXVII of 2021) was published in the Official Gazette and most of the new rules took effect on 1 June 2021.

NFTs: What about energy and climate issues?

The minting, transfer and even the sheer existence of NFTs require a lot of energy. But what is the reason for all this energy consumption and are there regulatory instruments to curb it?

Latest Briefings

European Access Plan: Your gateway to business in the EU

On 24 December 2020, the UK officially left the European Union and, under the Brexit agreement, is now a third country to the EU, outside both the single market and customs union. The change means that UK-EU cross-border business activities are now subject to a number of trade barriers, including adjusted and strengthened border controls and additional administrative work.

Costs risk in appeals from the Irish tax appeals commission

The Finance (Tax Appeals) Act, 2015 introduced a new architecture for the hearing and determination of tax appeals. Amongst other changes, the Tax Appeals Commission (the “TAC”) replaced the Appeal Commissioners, with appeals directly to the High Court only on question(s) of law arising from the TAC’s determination (a ‘case stated’), rather than to the Circuit Court on the basis of a full rehearing of the tax appeal.

EAEU Treaty on trademarks comes into effect

The Eurasian Economic Union (EAEU) Treaty on Trademarks, Service Marks and Appellations of Origin of Goods came into effect on April 26, 2021. It serves as a foundation document for the formation of a regional system within EAEU territory.

Banking leaders discuss keeping pace with growth, digital transformation and driving operational efficiency

In a live webinar hosted by the Financial Times, Clare Hart, CEO of Williams Lea, joined two top operational leaders in the corporate and investment banking industry, David Sliney, Chief Operating Officer of investment bank, Stifel and Paul Poggi, Managing Director and Chief Operating Officer of specialist M&A advisor, Harris Williams, in a panel discussion on the intense pressure within corporate and investment banks to find better and more cost effective ways of running core support functions.

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Travers Smith

Travers unveils largest promotions round in six years

Seven lawyers have been promoted to partner at Travers Smith across a range of practice areas, including dispute resolution, finance and private equity. It is the firm’s largest round since 2015, when seven lawyers also made the grade. In 2020, the firm made up five new partners. The 2021 cohort includes three lawyers in dispute […]

AXA GC passes on the baton after 20 years

AXA UK & Ireland has appointed a new general counsel. Emily Coupland succeeds Edward Davis, who retires at the end of the month after two decades at the business. Coupland is appointed to the GC role from AXA Partners, where she held the position of general secretary for five years. Prior to this, Coupland spent […]

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Download: How GCs are using legal tech

In January, Wolters Kluwer and The Lawyer launched a survey that sought to determine how in-house legal teams use legal technology. The opinions of 130 general counsel from leading organisations across the UK were gathered, and the analysis was supplemented by interviews with legal heads at organisations including Bupa, BT and the City Football Group. […]

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