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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Global | Publication | November 2017
The Criminal Finances Act 2017 introduces new corporate criminal offences of failing to prevent the facilitation of UK and foreign tax evasion. All taxes are within scope. All partnerships and corporates (“relevant bodies”) whether or not UK incorporated are also potentially within scope, for example if the relevant body carries on business in the UK. The new offences came into effect on 30 September 2017.
There is a (sole) statutory defence where at the time of the offence the relevant body had “reasonable procedures in place to prevent the facilitation of tax evasion”, or it was unreasonable to expect the relevant body to have any prevention procedures in place. What constitutes “reasonable procedures” is informed by six guiding principles, including risk assessment, top level commitment, due diligence, communication, monitoring and review.
The new offences are a reaction to the government’s frustration at the difficulty in attributing criminal liability to relevant bodies where tax evasion is facilitated by employees or other associates. Potential fines are unlimited and conviction may prevent organisations being eligible for public contracts as well as lead to wider reputational damage.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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