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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 20, 2015
Welcome to Essential Corporate News, our weekly news service covering the latest developments in the UK corporate world.
On November 17, 2015 the Department for Business, Innovation and Skills (BIS) published an update to the draft Statutory Auditors and Third Country Auditors Regulations 2016 (the draft 2016 Regulations), which will implement the Statutory Audit Amending Directive and EU Audit Regulation in the UK and which were initially published with BIS’ consultation on the technical legislative implementation of the Directive and Regulation in October 2015.
The updates relate to the removal and resignation of an auditor of a public interest entity (PIE) in Chapter 4 of Part 16 of the Companies Act 2006 (CA 2006) as amended by the draft 2016 Regulations. Draft section 510A CA 2006 allows for certain parties to apply to court for an order to remove the auditor of a PIE on the ground that there are proper grounds for removing such auditor. The draft 2016 Regulations, which set out section 510A, now stipulate that an application can be made by:
They also stipulate that, for the purposes of section 510A, divergences of opinions on accounting treatments or audit procedures shall not be proper grounds for removing an auditor from office.
The draft amendments include an updated definition of a PIE in section 519A CA 2006. This is broadly a company whose shares are traded on a regulated market, certain credit institutions and certain insurance undertakings.
(BIS, The Statutory Auditors and Third Country Auditors Regulations 2016, 17.11.15)
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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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