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UK CMA publishes AI Foundation Models update paper

The UK Competition and Markets Authority (“CMA”) has published an “Update Paper” outlining its evolving views on AI foundation models as well as its approach to...

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Central Bank of Ireland issues Guidance on authorisation of PIs and EMIs and registration of AISPs

On 9 April 2024, the Central Bank of Ireland (the "CBI") issued guidance on the authorisation of payment institutions ("PIs") and Electronic Money Institutions...

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Disciplinary, litigation risk - AFRC highlights skill shortage in Hong Kong public interest entity audits

The Accounting and Financial Reporting Council (AFRC) has published its first report on the public interest entity (PIE) audit market in Hong Kong. Reviewing its own survey of PIE auditors, ...

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UK: How can data centres be ESG compatible?

Here we consider 10 ways in which responsible data centre lease clauses can help further the ESG agendas of data centre investors, operators and customers. In this second article in our...

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Center for Clinical Trial Innovation furthers FDA’s diversity goals, rare disease drug development

The U.S. Food and Drug Administration (FDA) has announced the establishment of the “Center for Drug Evaluation (CDER) Center for Clinical Trial Innovation” (C3TI). C3TI is...

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NHTSA proposes important new safety requirements for electric vehicle batteries

The National Highway Traffic Safety Administration (NHTSA) proposed an important new safety standard for electric vehicle batteries. The standard would incorporate certain existing...

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Is the writing on the wall for the shareholder principle? Privilege update in Hong Kong

The concept of the “shareholder principle” in English law provides that a company cannot assert privilege against its own shareholders, unless the privileged documents in...

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CL0P ransomware gang is on the rise

CL0P is adopting “quadruple extortion” tactics.

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DOE’s Grid Liftoff report and Transmission Interconnection Roadmap prioritize grid capacity and reliability

On Tuesday, April 16, the U.S. Department of Energy (“DOE”) published a new report as part of its “Pathways to Commercial Liftoff” initiative, focused on the...

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