The Data protection is an increasingly important issue in today’s digital world. The rapid development of information technologies has made it easier for state institutions and private sector organizations to access thousands of personal data daily. This situation has increased the processing and transfer of personal data and has led to the necessity of protection.

TGS Baltic has advised 2C Ventures and AS SmartCap on a EUR 6.1 million investment round for AIO that also saw Nordic Foodtech VC and Voima Ventures participate. Triniti reportedly advised AIO.

The European Commission had previously indicated that it will review the provisions of the General Data Protection Regulation (GDPR) this year to see if any changes are needed in light of the experience of the past six years.

At the beginning of the week, Apple introduced its latest iPhone 16, which entices customers with the integration of artificial intelligence called "Apple Intelligence."

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.

In the Official Gazette of the Republic of Serbia no. 71, dated August 16, 2024, a new Rulebook on Tax Exemption on Capital Gains Realized from the Transfer of Copyright, Related Rights, and Industrial Property Rights (“Rulebook“) was published.