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technology & digitalisation news

Get an overview of our technology & digitalisation team's news.

Read through our technology & digitalisation articles, publications and news!

publication

to the point: technology & digitalisation l October 2024

Welcome to the October edition of Schoenherr's to the point: technology & digitalisation newsletter!

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media coverage

Training and reducing fear - This is how artificial intelligence can work in insurance

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newsletter

23 September 2024

serbia

A.Radonjanin M.Vlajković A.Zorić M.Lukić

AI regulation and development in Serbia

AI is developing rapidly in Serbia and numerous initiatives are emerging daily. Therefore, a working group, which includes our Schoenherr expert Marija Vlajković, is already in the process of drafting a new Law on Artificial Intelligence. The final draft is expected by spring 2025.

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event

11 September 2024

austria

A.Salajan

Legal Geek Europe

12 September 2024 | Amsterdam

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newsletter

09 September 2024

serbia

M.Vlajković M.Lukić

Privacy concerns in web scraping: a GDPR and Serbian privacy law perspective

When developing their models, AI providers use various data sets. Sometimes these are provided by their clients, as in the case of tailor-made chatbots, and sometimes the models are trained on licensed or even publicly available data. In both situations, the data sets almost always include personal data. Thus, AI developers should carefully consider their obligations under the GDPR as well as local privacy law, depending on what applies to them.

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newsletter

The status and future prospects of AI regulation and development in Montenegro

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newsletter

Poland: DORA compliance deadline approaches

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newsletter

The status and future prospects of AI regulation and development in North Macedonia

North Macedonia currently lacks AI-specific regulations, lagging behind neighbouring countries that have implemented guidelines or laws. Although the Macedonian Fund for Innovation and Technology Development (FITD) and the government initiated efforts in 2021 to create a National Strategy for AI (National Strategy), progress has been slow due to challenges such as insufficient data, human resources, and technical capabilities. Despite this, there is a strong commitment, supported by organisations like the World Bank and UNDP, to develop a comprehensive AI strategy aligned with European Union (EU) standards.

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event

10 September 2024 - 11 September 2024

austria

G.Leissler

Forum IT: Der 21. österreichische IT-Kongress im Fokus der KI

10 - 11 September | Wien

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event

20 September 2024

north macedonia

Harnessing AI for Legal and Business Excellence

20 September 2024 | North Macedonia

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publication

Chambers Artificial Intelligence 2024

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newsletter

16 July 2024

austria

D.Stahleder

AI Act published in the Official Journal of the EU

The AI Act was published in the Official Journal of the EU on 12 July 2024.

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event

03 September 2024 - 07 September 2024

austria

M.Sedrati-Müller S.Khalil

AIJA 62nd International Young Lawyers' Congress 2024

3 - 7 September | Madrid, Spain

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publication

to the point: technology & digitalisation l June 2024

Welcome to the June edition of Schoenherr's to the point: technology & digitalisation newsletter!

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newsletter

24 June 2024

austria

F.Terharen

Austria: New verification requirements for website and platform operators

A judgment of the Austrian Supreme Court of Justice published on 26 April 2024 (6 Ob 210/23k) requires website and platform providers to review their processes under the DSA.

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newsletter

Czech Republic: Deadline to apply DORA looms

Along with the NIS2 directive, the Digital Operational Resilience Act (DORA)[1] is an essential piece of European legislation aiming to bolster cybersecurity within the EU. Unlike the NIS2 directive, DORA aims specifically at enhancing the operational resilience of the financial sector, while establishing a comprehensive framework to ensure that all financial entities regulated under DORA can withstand, respond to, and recover from disruptions and threats related to information and communications technology (ICT).

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newsletter

The state of cybersecurity regulation in the Czech Republic: NIS 2 transposition underway, deadline 17 October 2024

The NIS2 directive[1] is a landmark piece of European cybersecurity legislation, significantly impacting the cybersecurity practices and responsibilities of European businesses and organisations

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press release

Austria: Schoenherr advises scale-up Storyblok on its USD 80m Series C financing

Schoenherr advised the Austrian scale-up Storyblok on its Series C financing worth USD 80m, bringing the total amount raised to USD 138m, marking the largest financing round to date this year.

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publication

Global Legal Insights - AI, Machine Learning & Big Data 2024

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publication

to the point: technology & digitalisation l May 2024

Welcome to the May edition of Schoenherr's to the point: technology & digitalisation newsletter!

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press release

15 May 2024

A.Popp A.Salajan

Eminent CEE law firm Schoenherr structurally implements Artificial Intelligence

Elite law firm Schoenherr, which has a strong presence in 14 Central and Eastern European countries, has entered a strategic partnership with Harvey, the leading generative AI platform for the legal industry, backed by OpenAI, Sequoia Capital and Kleiner Perkins.

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publication

to the point: technology & digitalisation l April 2024

Welcome to the April edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

20 June 2024

austria

A.Salajan

10. Weblaw Forum LegalTech

20 Juni 2024 | Zurich / online

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event

13 June 2024 - 15 June 2024

poland

D.Rutecka

AIJA – Setting sails in turbulent times

13 - 15 June | Malta

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publication

to the point: technology & digitalisation l March 2024

Welcome to the March edition of Schoenherr's to the point: technology & digitalisation newsletter!

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media coverage

07 March 2024

serbia

M.Vlajković

Impact of the EU AI Act on Personal Data Protection in Serbia Amidst Emerging AI Technologies

Biznis.rs | Interview with Marija Vlajković

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newsletter

06 March 2024

austria

M.Pressler

Successful MiCAR licensing: FMA publishes roadmap for Crypto-asset service providers

As the regulatory landscape for crypto-assets undergoes a significant transformation with the European Union's implementation of the Markets in Crypto-Assets Regulation (MiCAR, Regulation (EU) 2023/1114), attention turns to the preparatory steps entities must take to comply with these new standards. Against this backdrop, the Austrian Financial Market Authority (FMA) has recently published preliminary guidance on the MiCAR licensing process for crypto-asset service providers (CASPs). These guidelines outline the steps CASPs need to consider and the FMA's expectations in the lead-up to full MiCAR applicability after 30 December 2024.

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publication

to the point: technology & digitalisation l February 2024

Welcome to the February edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

08 May 2024 - 10 May 2024

poland

K.Szczudlik

2024 World Technology Law Conference

9 May 2024 | Washington, D.C., United States

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event

20 February 2024

austria

A.Salajan

Legal Tech in 2024: The Augmented Law Firm

20 February | online

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roadmap

Consumer Credit Directive II: consumer credit legislation for the digital age

A 2020 review of the Consumer Credit Directive (2008/48/EC) ("CCD I") by the European Commission (EC) found that CCD I has been only partially effective in ensuring a high level of consumer protection.

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roadmap

Moving lock, stock and barrel to the cloud: what banks need to know when negotiating with service vendors

Skimming through business journals from the last decade or so, it feels like the transition to cloud computing has been looming over the banking industry for a long time. But with so many industries now taking steps to digitalise, even the traditionally cautious banking industry is being swept up in the tide.

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roadmap

More than an ID: the European Digital Identity Wallet

Electronic identity ("eID") and electronic trusted services ("eTS") are currently regulated at the EU level in the eIDAS Regulation of 23 July 2014. A decade is an eternity in the world of new technologies and the eIDAS Regulation has become outdated and unsatisfactory in many areas. One of its biggest failings is in the true interoperability and cross-border recognition of national eID schemes.

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roadmap

Key implications of the NIS 2 Directive: increased liability risk for management and broader scope

The revision of the NIS Directive (EU) 2016/1148 ("NIS 1") was published on 27 December 2022 in the form of Directive (EU) 2022/2555 ("NIS 2") and entered into force on 16 January 2023. NIS 2 is the Commission's response to Member States' inconsistent and fragmented implementation of NIS 1. The revision of this first EU-wide cybersecurity legislation will mean significant and far-reaching changes for companies in "critical" sectors.

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roadmap

Staying compliant in a digital world: why companies should take note of AI

In an era of rapid technological advancement, businesses face an ever-evolving regulatory landscape.

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roadmap

AI in court: friend or foe?

From autonomous vehicles, to ChatGPT, to creating a painting in the style of Monet or composing a new Beatles song, artificial intelligence can seemingly do everything.

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roadmap

Patent litigation in Austria: how lawyers can help

Patents are exclusive rights relating to inventions. Patent registrations grant a time-limited monopoly to apply the patented technology. While they are a powerful weapon in maintaining and defending the competitive edge of technology-driven businesses, third-party patents may pose a threat to products and businesses. This calls for the involvement of specialised patent lawyers and patent attorneys.

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roadmap

Regulating facial recognition technologies: is your face too personal?

Biometric technology, especially facial recognition, has taken off in recent years. From airport security to simply unlocking a smartphone, facial recognition is now a fixture in everyone's lives. Biometric tools are also becoming more and more popular with commercial brands and have proven to be an intriguing marketing tactic (a well-known pizza chain offering food recommendations based on how an AI reads human moods is both fascinating and troubling).

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roadmap

Building Information Modelling: a Montenegrin perspective

Building Information Modelling (BIM) is a comprehensive methodology and process that enables the creation of dynamic, three-dimensional computer models for construction facilities. BIM streamlines the production and use of project documentation, improves timeline and budget accuracy, and enhances communication and decision-making.

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event

08 March 2024 - 10 March 2024

poland

K.Szczudlik

Legal Hackathon 2024

8 - 10 March | Warsaw

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event

14 March 2024

poland

D.Rutecka

Legal Market Day

14 March 2024 | Poznań, Poland

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media coverage

31 January 2024

serbia

AI in Law

Paragraf Lex | Interview with Jelena Arsić

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publication

to the point: technology & digitalisation l January 2024

Welcome to this year's first edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

24 January 2024 - 26 January 2024

serbia

M.Vlajković

Privacy Week conference

24 - 26 January | Belgrade, Serbia

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publication

Lexology Getting the Deal Through: Cryptoassets & Blockchain 2024 - Austria

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publication

to the point: technology & digitalisation l December 2023

Welcome to the December edition of Schoenherr's to the point: technology & digitalisation newsletter!

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press release

Montenegro: Schoenherr advises Montenegro Chamber of Commerce on its first digitalisation project

Moravčević Vojnović and partners in cooperation with Schoenherr advised the Montenegro Chamber of Commerce, the largest business organisation in the country, on its innovative "eKomora" project, the institution's first digitalisation project.

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publication

to the point: technology & digitalisation l November 2023

Welcome to the November edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

20 November 2023 - 24 November 2023

serbia

M.Vlajković A.Radonjanin

Data Science Conference Europe

22 November | AI, IP, synthetic data

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publication

to the point: technology & digitalisation l October 2023

Welcome to the October edition of Schoenherr's to the point: technology & digitalisation newsletter!

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publication

Global Legal Insights - Blockchain & Cryptocurrency Regulation 2024

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event

12 October 2023 - 08 December 2023

A.Radonjanin M.Vlajković

AI master class

October-December 2023 | Serbia

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publication

to the point: technology & digitalisation l September 2023

Welcome to the September edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

Finding the perfect blend of legal service and (AI-powered) legal tech

25 October 2023 | Bucharest

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newsletter

27 September 2023

austria

F.Terharen

(Even) Stronger enforcement of the GDPR?

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newsletter

27 September 2023

serbia

M.Vlajković

Bridging the gap between Serbian regulations and the GDPR: Serbia's Data Protection Strategy unveiled

In late August 2023, at the initiative of Serbia's Data Protection Commissioner (the "Commissioner"), the Government of Serbia adopted the Data Protection Strategy for the 2023-2030 period (the "Strategy"). 

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blog

27 September 2023

serbia

M.Vlajković

The EU Digital Services Act: 19 designated online platforms have completed their last-minute compliance preparations, Serbia is just looking over its shoulder

While most provisions of the EU Digital Services Act ("DSA") will not begin to apply until February 2024, the EU Commission has nevertheless designated 19 "very large online platforms" and "very large search engines" – so-called gatekeepers – for which the strictest rules under the DSA took effect on 25 August this year.

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press release

Austria: Schoenherr advises Thoma Bravo portfolio company J.D. Power on acquisition of Autovista Group

Schoenherr advised, alongside lead counsel Kirkland & Ellis, London, Thoma Bravo's portfolio company J.D. Power, a global leader in data analytics, on the acquisition of the leading pan-European and Australian automotive data, analytics and industry insights provider Autovista Group.

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event

21 September 2023 - 22 September 2023

romania

S.Guţiu A.Doytchinova

IBA CEE Conference – The Future of Legal Management

22 September 2023 | Intercontinental Athénée Palace, Bucharest

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newsletter

18 July 2023

austria

F.Terharen

Third time's the charm? EU-US Data Privacy Framework revamped and reloaded

On 10 July 2023, the European Commission adopted an adequacy decision for a lawful data transfer from the EU to the USA for the third time. [1] This means that personal data may again be lawfully transferred to the US. This will facilitate the use of US service providers for EU companies.

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publication

to the point: technology & digitalisation l June 2023

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publication

CZ: Schoenherr Journal Edition 14

The Schoenherr Journal, published by Schoenherr's Prague office, examines the latest important legal developments in the Czech Republic.

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press release

Austria: Schoenherr advises Audiotonix Group on acquisition of sonible GmbH

Schoenherr advised the Audiotonix Group, a global market leader in the design, engineering and manufacture of professional audio mixing consoles, on the acquisition of sonible GmbH, an Austrian start-up specialised in developing AI-assisted audio plug-ins and 3D audio systems.

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publication

to the point: technology & digitalisation l May 2023

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publication

to the point: technology & digitalisation l April 2023

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newsletter

25 April 2023

M.Pressler M.Nusser

MiCAR: Final steps towards the legal framework for crypto-assets

On 20 April 2023 the European Parliament ("EP") finally approved the regulation on markets in crypto-assets ("MiCAR").

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newsletter

17 April 2023

serbia

M.Vlajković

Serbia adopts ethics guidelines for artificial intelligence

On 23 March 2023, the Serbian government adopted Ethics Guidelines for the Development, Implementation and Use of Reliable and Responsible AI ("Guidelines"), which may be seen as yet another step in the process of harmonising Serbia's legislative framework with the European Union, following the Proposal for an AI Regulation announced by the EU Commission two years ago. The Guidelines largely rely on UNESCO's Recommendation on the Ethics of AI adopted in 2021, which Serbian representatives also helped create. Since the EU is awaiting its regulatory framework on AI, Serbia took the first step down this road as well.  

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publication

to the point: technology & digitalisation l March 2023

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blog

30 March 2023

austria

A.Pabst

GPT-4 shows the ever-increasing importance of legal considerations pertaining to AI

Generative AI has made quantum leaps in the last year. Aside from multiple text2 image models there are large language models producing largely accurate and convincing texts in reply to prompts provided by a user. In November last year OpenAI made available the functionality of their vast 175 billion parameter model GPT-3.5, which was fine-tuned to interpret prompts formulated as questions. ChatGPT is a turning point in the public perception of AI, as it provided compelling texts with comparatively high factual accuracy.

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blog

30 March 2023

serbia

M.Vlajković

North Macedonia: The Data Protection Act and enforcement challenges

After the adoption of the General Data Protection Regulation of the European Union (EU) 2016/679 ("GDPR"), as an obligation based on the Stabilisation and Association Agreement between EU and North Macedonia, a new data protection regime was adopted. Since 2020, the matter of personal data protection in the Republic of North Macedonia is regulated by the new Act on Personal Data Protection (Official Gazette of the Republic of North Macedonia, nos. 42/20, 294/21) ("LPDP"), effective as of 24 February 2020.

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blog

30 March 2023

serbia

M.Vlajković

Serbia incentivises start-up-ecosystem

To attract investors in the area of innovation technologies, Serbia has adopted a set of subsidies relating to employees' salaries and corporate income taxes. In recent years, the country has set its sights on being one of the largest European hubs for EU and overseas IT companies using talented IT workforce only as an outsourcing service supplier while retaining actual project development in the countries of capital origin. This is seen as an opportunity to motivate foreign IT companies doing business in Serbia not only to shift their operations to Serbia on a larger scale, but to tie IP rights on their tech products to their affiliated Serbian companies.

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publication

to the point: technology & digitalisation l February 2023

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blog

28 February 2023

romania

M.Neagu

The Omnibus Directive: key objectives and national implementation

The Omnibus Directive (Directive (EU) 2019/2161), also referred to as the "Enforcement and Modernisation Directive", is aimed at strengthening consumer protection and enhancing enforcement measures as the world gears up for the digital age. Recognising the increased use of online platforms and marketplaces, it encourages Member States to adopt specific measures to maintain a high level of consumer protection, including in these channels.

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publication

KI - Künstlerische Intelligenz?

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roadmap

MiCA: A new era in crypto regulation

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roadmap

Navigating crypto arbitration

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roadmap

Digital execution of venture capital transactions

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roadmap

Cybersecurity in M&A transactions: common representations & warranties

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roadmap

Three steps to stay ahead of ever-evolving antitrust regulations in digital markets

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roadmap

Navigating the rough waters of corporate digitalisation in Montenegro

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roadmap

"Mergers in Winter": Ethereum as eco-friendly blockchain

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roadmap

The pending digitalisation of Montenegrin construction law

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roadmap

Digitalisation in insolvency proceedings

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roadmap

NFTs in crisis and insolvency

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roadmap

Digital tools that will improve the operation and security of Polish companies

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roadmap

2023

D.Rutecka

A hitchhiker's guide through platform liability

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publication

to the point: technology & digitalisation l January 2023

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blog

30 January 2023

romania

M.Neagu

Key legal topics in data centre development and investments

The recent years' sprint towards digitalisation was one of the decisive factors in accelerating the transformation of telecommunications infrastructure. The global markets expect an increase in investments in telecom infrastructure and Romania is no exception.

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press release

Austria: Schoenherr advises proptech scale-up GROPYUS on major Austrian scale-up financing round

Schoenherr advised the Vienna-headquartered property technology scale-up GROPYUS on its ongoing Series B financing round led by Vonovia, Europe's largest residential real estate company. The volume of this financing round is at around EUR 100m, bringing GROPYUS' total funding to date to more than EUR 200m.

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newsletter

05 January 2023

austria

F.Schneider

EU: The end of a dry spell – NIS 2 published

After several delays, the revision of the NIS Directive was published in the Official Journal of the European Union on 27 December 2022 in the form of Directive (EU) 2022/2555 ("NIS 2").

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publication

to the point: technology & digitalisation l December 2022

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blog

23 December 2022

romania

M.Neagu

New crowdfunding regulations in Romania

Despite a turbulent year for Central and Eastern Europe and the region's proximity to the Ukraine warzone, last year CEE was one of the most efficient creators of value in Europe...

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publication

23 December 2022

czech republic

Schoenherr Czech Republic

CZ: Schoenherr Journal Edition 13

The Schoenherr Journal, published by Schoenherr's Prague office, examines the latest important legal developments in the Czech Republic.

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press release

16 December 2022

austria

T.Kulnigg

Austria: Schoenherr advises Findologic's shareholders on exit to Nosto

Schoenherr advised the shareholders of Austrian software provider Findologic on their exit to the Finnish commerce experience platform Nosto.

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publication

to the point: technology & digitalisation l November 2022

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newsletter

Bulgaria paves way for innovative businesses with new start-up visa

Country welcomes non-EU investors to boost local start-up ecosystem

After Decree No 318 of 7 October 2022 adopting the Ordinance on the conditions and procedure for issuing, extending and revoking a certificate for a high-tech and/or innovative project (the "Ordinance") was promulgated in issue 82 of the State Gazette of 14 October 2022, Bulgaria joins the almost half of EU countries that issue "start-up visas".

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publication

Global Legal Insights - Blockchain & Cryptocurrency Regulation 2023

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publication

to the point: technology & digitalisation l October 2022

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publication

to the point: technology & digitalisation l September 2022

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newsletter

21 September 2022

austria

A.Tipotsch

NFT licences that "can't be evil": are they any good?

Licences connected to Non-Fungible Tokens (NFTs) are still far from being the norm. As a result, most NFTs still do not convey sufficient or appropriate IP rights to their underlying content. Moreover, they have to deal with practical difficulties inherent to the nature of NFTs. The need for licences tailored to the NFT market is therefore evident.

To overcome the practical difficulties and tackle these issues, publicly available NFT licence systems have emerged. But are they any good?

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publication

21 September 2022

austria

M.Woller

Omnibus? MoRUG I & II? And what's in it for me?

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newsletter

01 September 2022

moldova

Moldova: New Law on E-Signature

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press release

Bulgaria: Schoenherr advises KKCG and Aricoma Group International on acquisition of Musala Soft

Schoenherr advised the KKCG Group (KKCG) and its portfolio company Aricoma Group International AB (Aricoma) on the acquisition of Musala Soft, a major Bulgarian software company, and its subsidiaries.

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publication

26 July 2022

austria

Datenverarbeitung im Zeitalter des Metaverse

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newsletter

EU: Commission Proposal to implement the FATF Travel Rule: Speed bumps ahead for crypto-asset transfers?

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newsletter

30 June 2022

austria

M.Woller

EU: Jump on board the Omnibus (Directive)

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publication

to the point: technology & digitalisation l June 2022

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newsletter

30 June 2022

poland

D.Rutecka

Controversial Article 17 in Polish case C-401/19

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press release

Austria: Schoenherr advises Red Bull on joint venture with Teletest consortium

Schoenherr advised Red Bull GmbH on the establishment of a joint venture with Arbeitsgemeinschaft Teletest ("AGTT").

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blog

Trademarks: The classification of "virtual goods" in trademark applications

Trademark professionals have noted growing interest in protecting trademarks for "virtual goods". This leaves trademark specialists as well as IP offices grappling with how to correctly classify these goods.

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publication

to the point: technology & digitalisation l May 2022

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press release

Austria: Schoenherr advises Storyblok on USD 47m Series B financing

Schoenherr advised the Austrian scale-up Storyblok on its Series B financing worth USD 47m, one of several major transactions in the Austrian start-up scene on which Schoenherr has advised in the recent past.

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publication

podcast | Brands Pop-Up: Fashion 3.0

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publication

to the point: technology & digitalisation l April 2022

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press release

Austria: Schoenherr advises S&T AG on voluntary partial public takeover offer

Schoenherr advised S&T AG, an Austrian company listed on the Frankfurt Stock Exchange, in connection with the voluntary partial public takeover offer by grosso tec AG (Germany) on issues of Austrian law. Hogan Lovells advised S&T AG on German law issues.

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publication

to the point: technology & digitalisation l March 2022

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newsletter

14 March 2022

austria

F.Terharen

The European Data Act

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newsletter

15 February 2022

hungary

Crypto-assets to be covered by financial regulation in the EU

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newsletter

10 February 2022

austria

C.Haid A.Reumann

The EU's Digital Markets Act: an opportunity for Austrian antitrust enforcement?

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event

03 March 2022

G.Leissler

Wegfall des "Privacy Shield": Kommt jetzt das Aus für "Google Analytics"?

Webinar | Schoenherr Privacy Academy
3. März 2022 | 9.30 - 10.30 Uhr

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blog

10 February 2022

austria

F.Terharen

Landmark decision in Austria: use of Google Analytics found to breach GDPR

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publication

to the point: technology & digitalisation l February 2022

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press release

Bulgaria: Schoenherr advises Chaos on Bulgarian law aspects in merger with Enscape

Schoenherr advised Chaos, a global leader in photorealistic rendering technology, on the Bulgarian law aspects of its merger with Enscape, a leading developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries.

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event

Wegfall des "Privacy Shield": Kommt jetzt das Aus für "Google Analytics"?

Webinar | Schoenherr Privacy Academy
2. Februar 2022 | 17.00 - 18.00 Uhr & 3. März 2022 | 9.30 - 10.30 Uhr

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newsletter

26 January 2022

moldova

V.Iurkovski

Moldova: Digitalisation has made it easier to establish, operate and sell companies

Through its 11 November 2021 law ("Law 175/2021"), the Moldovan Parliament passed certain amendments to existing legislation with the goal of digitalising the national economy. As a result, the norms implemented have made it simpler to establish, operate and sell companies in Moldova.

Law 175/2021 entered into force on 10 January 2022.

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press release

Austria: Schoenherr advises Austrian unicorn Bitpanda on expansion of its product portfolio to include exchange traded cryptocurrencies

Schoenherr advised the Austrian fintech Bitpanda on the expansion of its product portfolio to include exchange traded cryptocurrencies. This product provides investors with easy access to crypto assets via a liquid financial instrument traded on a regulated exchange.

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roadmap

A new era for cryptocurrencies in Poland

With the appearance of Bitcoin ATMs on the streets the cryptocurrency business seems to be blossoming. But do Poland's new cryptocurrency laws address all the issues, especially the risks, in the right way?

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roadmap

Judgments issued ex machina? Are AI-made judicial decisions the future?

Digitalisation is invading all areas of our lives, including the judiciary. It is impossible to imagine everyday legal life without electronic legal transactions, the electronically managed land and company registers, the edict file or the possibility of submitting briefs to courts in electronic form.

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roadmap

NFT-related disputes: How do you resolve them?

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roadmap

Austrian insurance law: Are NFTs insurable?

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roadmap

Coming soon: The European Patent with Unitary Effect

The European Patent with Unitary Effect ("Unitary Patent") already has a longstanding and ambiguous history, although its underlying legal framework has not yet come into force. But 2021 brought a considerable push towards implementation of the Unitary Patent system.

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roadmap

Decentralised Finance: Opportunities, risks and legal challenges

Decentralised Finance (DeFi) is without question a rapidly evolving area at the intersection of blockchain technology, crypto assets and traditional financial services.

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roadmap

The Digital Content Directive and the Sale of Goods Directive: when to apply which?

The constant and growing development of new technologies is leading towards an increasing availability of various digital products for consumers. This, in turn, triggers competitiveness and consumers' ever-greater expectations about the offerings, the ease of their purchase and conclusion of contracts without leaving home.

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roadmap

The rise of the machines: The EU is getting ready to regulate AI

In April 2021, the European Commission (EC) released its long-awaited proposal for an Artificial Intelligence Act.1 But what is artificial intelligence?

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roadmap

Does the Digital Services Directive stipulate a right to updates?

The new Digital Services Directive (DSD) aims to harmonise certain aspects of consumer protection law by providing consumers a mandatory warranty for digital content and digital services supplied by a vendor. First and foremost this concerns contracts on the purchase or rental of software (usually comprising licence agreements) or cloud services.

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roadmap

New laws will be needed before real estate, shares and other rights can be tokenised

The transfer of title to real estate requires an entry in the land register. Likewise, the transfer of shares in companies necessitates an entry in the commercial register.

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roadmap

2022

serbia

N.Babić

Digitalisation developments in Serbia

In recent years, the Serbian government has rolled out various modern digital solutions aimed at facilitating business operations.

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roadmap

Austria on its way to number one hydrogen nation?

In 2020, the newly constituted government grandiosely announced that Austria will become the "number one hydrogen nation". But is this even remotely realistic just two years later?

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roadmap

2022

M.Roibu

Evidence no. 5. How to sniff out cybercrimes and build a successful case

More and more companies are being subjected to cyberattacks. To effectively respond to this criminal phenomenon, it is essential to be prepared, meaning making sure you have solid evidence to build a criminal case.

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media coverage

28 December 2021

austria

T.Kulnigg

Wie man ein 64-kg-Kunstwerk als NFT verkauft

Derzeit besteht ein regelrechter Run auf digitale Kunstwerke, deren Einmaligkeit durch „Non-Fungible Token“ (NFT) garantiert ist. Das gute alte ABGB ermöglicht es, diese Technologie für körperliche Schöpfungen zu nutzen.

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publication

to the point: technology & digitalisation | December 2021

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newsletter

14 December 2021

austria

C.Haid A.Reumann

Green Antitrust: the very thin red line between legitimate sustainability cooperation and illegal collusion

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media coverage

25 November 2021

austria

P.Konwitschka

Non-Fungible Tokens: Ist digitale Kunst versicherbar?

Digitale Kunstwerke in Form von Non-Fungible Tokens (NFTs) erzielen bei Auktionen Millionenpreise. Für Sammler stellt sich daher die Frage, ob sie die Werke versichern können

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publication

to the point: technology & digitalisation | November 2021

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newsletter

08 November 2021

austria

M.Pressler

FMA permits automated biometrical customer identification – a game changer for the KYC process?

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publication

28 October 2021

austria

A.Tipotsch

Cultural Hackathon podcast: NFT – Is it worth it?

The NFT art market is growing and occupying the cultural sector.

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publication

Global Legal Insights to Blockchain & Cryptocurrency Regulation 2022 - Chapter Austria

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press release

Bulgaria: Schoenherr advises Sendinblue on acquisition of Metrilo

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publication

to the point: technology & digitalisation | October 2021

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event

14 October 2021

austria

Artist Talk - Digitale Kunst: Guido Kucsko

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publication

LEXOLOGY Getting the Deal Through: Technology M&A 2022

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newsletter

27 September 2021

M.Pressler

Limited network exemption under PSD2 – EBA consults on Draft Guidelines

In summer 2021 the European Banking Authority (EBA) published Draft Guidelines on the limited network exemption (LNE) under the Payment Service Directive 2 (PSD2) for consultation (available here). The Draft Guidelines are meant to foster supervisory convergence amongst the EU's national competent regulators (NCAs).

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newsletter

16 September 2021

austria

P.Konwitschka

Are NFTs insurable?

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newsletter

07 September 2021

austria

F.Terharen

Digital Austria – overview of domestic digitalisation efforts

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media coverage

07 September 2021

bulgaria

I.Stoyanov

Dissonant Optimism: Mergers and Acquisitions in the Bulgarian Technology Industry

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press release

Austria: Schoenherr advises on the sale of the oral hygiene start-up Playbrush to the Sunstar Group

Schoenherr advised the shareholders of the Austrian oral hygiene start-up Playbrush on the sale of the majority shares to the international health care company Sunstar Group.

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newsletter

02 September 2021

austria

M.Woller

Patents on NFT? No, NFT on patents!

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event

21 September 2021

A.Tipotsch

IP-Day 2021

IP-Day is dedicated to current and fundamental questions regarding intellectual property law – not just in an academic way, but also practically.

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newsletter

19 August 2021

austria

M.Ebner

Taking security over NFTs: Some legal considerations under Austrian law

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press release

Austria: Schoenherr advises Bitpanda on Austria's largest scale-up financing round

Schoenherr provided legal advice to Bitpanda on the largest scale-up financing round in Austria to date.

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newsletter

Austrian Labour Law: Is crypto-salary a thing?

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publication

to the point: technology & digitalisation | July 2021

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blog

15 July 2021

austria

F.Terharen

Here we go again – the odyssey of international data transfer challenges continues

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newsletter

14 July 2021

austria

C.Benes

Blockchain and (Un)Real Estate

Blockchain technology has – so far – not lead to a transfer of the world's land registers onto this technology or to a "tokenization" of title (documents). The only significant exception in this respect is Georgia where a purchaser's title to real property can be registered by execution of a smart contract.

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newsletter

12 July 2021

austria

A.Tipotsch

NFT art: The most important (legal) questions for artists, buyers in general and museums

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publication

06 July 2021

austria

ecolex podcast: NFT hype in self-experiment

In ecolex's podcast episode 6/21, Schoenherr partner Guido Kucsko was asked to answer a few questions about NFT and the NFT self-experiment he participated in.

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press release

Bulgaria: Schoenherr advises Ringier on the acquisition of Sportal Media Group and Digital Ventures

Schoenherr advised Swiss-based media company Ringier on the acquisition of a majority stake in the leading Bulgarian sports news portal – Sportal Media Group – and an affiliated IT company behind the leading international Sports Content Management System, Sportal365 – Digital Ventures OOD.

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press release

Austria: Schoenherr advises Adevinta on the sale of Shpock to Russmedia

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publication

NFT – ein Selbstversuch

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publication

21 June 2021

austria vienna

C.Benes

Echte und fiktive Immobilien auf der Blockchain

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publication

NFT – Eine urheberrechtliche Betrachtung

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publication

21 June 2021

austria vienna

T.Kulnigg D.Tyrybon

Non Fungible Token (NFT) – ein Fall für die Finanzregulierung?

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event

23 June 2021 - 30 June 2021

M.Woller A.Tipotsch D.Tyrybon C.Cudlik

NFT: An all-round legal view of Non-Fungible Tokens | Webinar

Did you miss our webinar, or do you want to listen to the discussed topics again? Watch the NFT webinar video recordings here!  

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newsletter

17 June 2021

austria

D.Hofmarcher

When a museum buys an NFT: Legal challenges and considerations

The story of our NFT self-experiment does not end with the selling of the token. To the contrary, it is only the start: The buyer – in our case the Museum Francisco Carolinum in Linz – wants to use the artwork for their purposes. In general, what legal considerations should a museum keep in mind?

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publication

to the point: technology & digitalisation | June 2021

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blog

14 June 2021

austria

F.Terharen

Austria's winding road to a lawful Digital Green Certificate

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newsletter

Tokenized copyrights: Linking an NFT to a copyright licence

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publication

Global Legal Insight: Al, Machine Learning & Big Data 2021 - Chapter Austria

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newsletter

Formulating a smart contract and minting an NFT

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blog

17 May 2021

poland

D.Rutecka

Regulating the unknown – new restrictions on AI in April 2021

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publication

to the point: technology & digitalisation | May 2021

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media coverage

Selbstversuch mit digitalem Kunstwerk

Kunst über Non-Fungible Token (NFT) hat zuletzt einen Hype ausgelöst. Die technischen und rechtlichen Herausforderungen sind beträchtlich

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blog

12 May 2021

A.Pabst D.Tyrybon

What is a crypto-wallet?

If you were to ask how funds are transferred in blockchains, the reply would be through wallets. But how do these wallets work and what does the term technically mean? 

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newsletter

Let the NFT Self-Experiment begin!

Non-fungible tokens (NFTs) aren't new, in fact they've been around for years. However, it took the auction of an NFT linked to an image by Christie's Auction House and the fall of the hammer at a spectacular USD 69 million to create worldwide attention and interest in NFTs.

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press release

Czech Republic / Austria: Schoenherr advises Twisto group on senior and mezzanine debt (re)financings

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press release

Austria: Schoenherr and Museum Francisco Carolinum clarify NFT Art

Schoenherr's IP & Technology practice group has set itself the goal of providing clarity on Non-Fungible Tokens (NFTs) in the art and culture industry. In collaboration with the Museum Francisco Carolinum Linz in Upper Austria, the questions preoccupying artists, collectors and museums will be addressed at one of the world's first art exhibitions on NFTs in art. An important milestone for this has already been reached: The museum recently acquired their first NFT artwork – a work of art by conceptual artist and Schoenherr partner Guido Kucsko, that was also used in a Schoenherr team's self-experiment.

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newsletter

16 April 2021

austria

F.Terharen

Facial recognition technology: regulations and use

In recent years there has been an increased use of technologies that match a person's digital image (eg, from a surveillance camera) to a picture database. These technologies facilitate various tasks, including:

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publication

to the point: technology & digitalisation | April 2021

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newsletter

The ECJ's VG Bild-Kunst case: Are there (legal) limitations to the use of links?

YES - In its previous case law, the court has recognised the importance of hyperlinks for the operation of the World Wide Web and for freedom of speech. On these grounds, the European Court of Justice (ECJ) generously allowed the use of links to make third-party content accessible via one's own website.

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blog

09 April 2021

austria

F.Terharen

Mailchimp banned in the EU – or is it?

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media coverage

01 April 2021

austria

G.Leissler

Checking In: Data Protection Compliance in CEE

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. This time around we asked Data Protection experts: Overall, how compliant would you say economic agents are with relevant local regulations on data protection, and what are the main gaps that have yet to be addressed?

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blog

03 March 2021

serbia

The Digital Assets Act – New Tech Regulation in Serbia

The Serbian Parliament enacted the new Digital Assets Act ("DAA"), which will come into force on 29 June 2021.

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blog

01 March 2021

poland

D.Rutecka

Poland: New facial recognition guidelines

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publication

to the point: technology & digitalisation | March 2021

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media coverage

15 February 2021

romania

M.Neagu

Drones: from toys to delivery vehicles

The EU appears to be following the steps already taken in the United States, where several companies have already been authorised to use drones for commercial purposes.

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publication

to the point: technology & digitalisation | February 2021

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publication

03 February 2021

austria

U.Rath T.Kulnigg

Lexology Getting the Deal Through: Cryptoassets & Blockchain 2021 - Austria

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roadmap

Robo-advice in Poland

Back in 2016 the Bank of America raised an interest in financial robo-advisory. Two years later, Wealthfront was the first fully automated advisor offering free, personalised financial planning for its customers. 

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roadmap

COVID-19 – a catalyst for digital assets and crypto trading regulation?

The economic impact caused by the COVID-19 pandemic has not only significantly changed the way we work, travel and shop, but has sent a large number of investors on the search for assets that can provide a safe haven during the ongoing crisis and its macroeconomic events.

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roadmap

Adapt. Improvise. Overcome.

The ability to adapt, improvise and overcome obstacles is a key feature in the start-up world. We have asked our clients and friends in the community to tell their stories about how important it is to adapt, improvise and overcome.

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