CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In Montenegro the Law on Amendments to the Law on Copyright and Related Rights came into force and it aims to harmonize Montenegrin legislation with EU legislative, particularly in the part that facilitates broad access to copyrighted works by enabling the sharing of online content through various platforms.
Ellex and Taylor Wessing have advised Vinted on a EUR 340 million secondary sale of shares to new investors, raising the company's valuation to EUR 5 billion.
Wolf Theiss has advised GreyLion Partners on its equity investment in Birdseye Security Solutions. Lazarevic & Prsic advised Birdseye Security Solutions.
Presumably many of us have watched Bonanza when they were younger. Bonanza is an American Western TV series about the Wild West of the 1860s. It wasn’t an easy life – lawlessness reigned, and justice was only for the strong.However, in 2024, it’s a different story – the laws are in place and being effectively enforced. The development and use of artificial intelligence is no longer a lawless environment. Existing regulations remain in place, and now a new Artificial Intelligence Regulation has entered into force, carrying hefty fines of up to €35 million or up to 7% of a company’s global turnover. So, the answer to the question in the headline is already a pre-emptive 'no'.
In recent years, Ukraine has experienced a significant shift towards digitalization, with the advent of electronic identification (eID) means and trust services being a pivotal element of this revolutionary transformation. As Ukraine endeavours to embrace technology-driven solutions, eID means and trust services - enabling, inter alia, electronic signatures (eSignatures) - have emerged as readily accessible and efficient alternatives to traditional handwriting methods, thereby streamlining processes, minimizing reliance on paper-based documentation, and eliminating the need for the physical presence of signatories in one place.
Cytowski & Partners has advised Open Ocean on the USD 8.2 million series A financing round of Authologic that also saw the participation of the Y Combinator, SMOK Ventures, and Peak Capital. Pillsbury Winthrop Shaw Pittman reportedly advised Authologic.
Filip & Company has assisted the investment fund Agista on the sale of its entire stake in Dendrio Solutions to Bittnet Systems and the acquisition of a new stake in the cybersecurity company Fort, listed on the AeRO market.
