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In for a penny: Data protection and privacy implications of the Bank of England’s digital pound proposals February this year saw the Bank of England and HM Treasury declare that it is “likely” that a digital pound will be issued in future and used by households and businesses for everyday transactions. We discussed the joint consultation paper’s proposed...
Fixated but no fixation as High Court finds copyright does not subsist in Bitcoin file format As the world continues to be fixated with cryptocurrencies like Bitcoin, the High Court has recently found that copyright does not subsist in the Bitcoin file format due to a lack of fixation. Background The first Claimant, Dr Wright, claims to be the...
Investing in Generative AI Public interest in generative AI has reached a fever pitch since the release of GPT-4, the latest edition of OpenAI’s large language model, or LLM. Meanwhile, investors have over the past year been allocating an unprecedented amount of capital into AI and...
Another change of tack: can a new code crack the TDM riddle? As part of the continuing debate on how best to balance the rights of AI developers and IP rights holders in the context of text and data mining (“TDM”), the UK Government has recently announced that the UK IPO will be producing a new code of practice in...
UK’s plans for AI Regulation published on day Elon Musk calls for pause in AI development On the day that Elon Musk and over 1000 AI experts called for a pause in the “out-of-control race” to develop ever more powerful AI, the UK Government published its long awaited “Pro-innovation approach to AI regulation” white paper (29 March 2023). The...
Towards a fair and innovative data economy: European Parliament backs new EU Data Act The European Parliament (EP) has backed new rules for access to, and use of, data generated in the EU across economic sectors making a few amendments to the European Commission (EC) proposal. The proposed EU Data Act establishes harmonised rules for the...
The European principle of legality of taxation and some possible applications in a French context The principle of legality of taxation (or principle of fiscal legality) forms part of the legal order of the European Union (EU) as a general principle of law. The Court of Justice of the European Union (CJEU) has ruled as such on two different occasions....
Of chicken and eggs… Which comes first? This is the question that faced the Upper Tribunal in respect of the time of supply and VAT grouping rules in Prudential Assurance Company. Silverfleet Capital Ltd (SCL) had supplied investment management services to The Prudential...
Does ChatGPT pose a cyber threat? The NCSC looks at the risks and how to stay safe It’s fair to say that ChatGPT has caught our attention – it is one of the fastest growing consumer applications ever, reaching 100 million users a mere two months after launch. It has generated headlines in the tabloid and tech press alike predicting its...
A "new era of IP protection in Europe” as the sun (finally) rises on the UPC On 17 February, Germany deposited its ratification of the Agreement on a Unified Patent Court (the “UPCA”). This was the final step in making the Unified Patent Court (the “UPC”) and the new Unitary Patent a reality and has cleared the path towards the...