The Digital Operational Resilience Act (DORA), along with the NIS2 directive, is a crucial piece of European legislation aimed at strengthening cybersecurity within the EU. While NIS2 focuses on a broader range of critical sectors, DORA specifically targets the financial sector, establishing a robust framework to ensure that regulated financial entities can withstand, respond to and recover from disruptions and threats related to information and communications technology (ICT). DORA complements other EU regulatory frameworks by introducing standardised requirements for digital operational resilience, which financial entities must incorporate into their risk management strategies by its effective date of 17 January 2025.
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.
Baker McKenzie Represents Kosovo Telecom in Swiss Rules Arbitration and in Front of Swiss Supreme Court
Baker McKenzie has successfully defended Kosovo Telecom in a Swiss Rules Arbitration against a Kosovar company reselling its mobile credit as well as in the subsequent challenge of the award at the Swiss Supreme Court.
How to Address the Issue of Authorship When Publishing a Photograph by an Unidentified Author?
Recently, the Court of Appeal in Belgrade, in its ruling No. Gž4 168/22 dated May 30, 2024, addressed the issue of determining copyright infringement in a case where, at the time of publication of the work, a different author was credited as the author.
A&O Shearman and Clifford Chance Advise on CRA's CZK 5 Billion Refinancing
A&O Shearman advises Ceske Radiokomunikace on a CZK 5 billion refinancing transaction arranged by Komercni Banka, Ceska Sporitelna, ING, Citibank, PKO Bank Polski, Raiffeisen Bank, and Tatra Banka. Clifford Chance advised the banks.
Hot Practice in the Czech Republic: Josef Donat on Rowan Legal’s TMT Practice
Rowan Legal’s TMT practice has been concentrating on AI, cybersecurity, and emerging regulations such as PSD3 and FIDA over the past year, according to Partner Josef Donat, driven by rapid technological advancements and their impact on the regulatory landscape.
Clifford Chance Advises HID on Acquisition of Sewio Networks
Clifford Chance has advised HID on its acquisition of Sewio Networks. Setina, Komendova & Partners reportedly advised Sewio Networks.