What do Panama, the Netherlands, Latvia, and Serbia have in common? A shipment of over 5,000 high-quality athletic sneakers travelled through these countries before being halted at customs over authenticity concerns.

The EU’s Al Act (Regulation 2024/1689) enters into force today, August 1, 2024. The groundbreaking Act is designed to ensure that AI systems are safe, transparent, and governed by rules that protect fundamental rights. The Act categorizes AI applications into risk-based tiers, with each tier subject to different levels of regulatory scrutiny and compliance requirements.

In line with the recent developments across the world, the National Artificial Intelligence Strategy 2024-2025 Action Plan (“Action Plan“) was published, prepared in cooperation with the Presidential Digital Transformation Office of the Republic of Türkiye and the Ministry of Industry and Technology, and in line with the opinions of various public and private actors and nongovernmental organizations (“NGOs“), to advance Türkiye’s framework on artificial intelligence practices and strengthen its global position in terms of artificial intelligence.

Dentons has advised the EBRD on an equity investment in Arobs Transylvania Software. Filip & Company advised Arobs.

Kocian Solc Balastik has advised Seyfor on its acquisition of Recruitis.io. 

Clifford Chance has advised Boguslaw Kowalski and Abris Capital Partners on the sale of Koral to Captain Fresh. Herbert Smith Feehills, DSK Legal, and Schjodt reportedly advised Captain Fresh.