In recent years, lots of news has centered on AI systems development. While the technological development has been impressive, a response from legislators has been anticipated in light of the risks that AI poses to the rights and freedoms of individuals.

On 13 March 2024, the AI Act passed through legislative procedures and was finally adopted.

We are pleased to present a digest encompassing the latest news and all the main changes in Digital Law in 2023. The digest is available in English and Russian.

Arbitration, as a method for resolving disputes, continues to evolve, adapting to the ever-changing landscape of international commerce. The recent introduction of the new Arbitration Rules by the Abu Dhabi Chamber of Commerce marks a significant step forward in enhancing the arbitration landscape in the region.

Since 2022, the healthcare industry in Russia has been affected by sweeping political and economic events. Some companies have left the market, others have changed the format of their presence, and others have seen new opportunities.

On 1 January 2024, sweeping changes to the Transfer Pricing regulation (the “Law”*) came into force, requiring Russian taxpayers to expand their Transfer Pricing (TP) compliance and reassess their risks associated with controlled transactions.

On 14 December 2023, a draft decree has been submitted for approval to the Russian Ministry of Justice (the “Decree”) that provides for amendments to the Presidential Decree No. 81 dated 1 March 2022 introducing a new procedure for approving transactions to dispose of or pledge exclusive rights of right holders from the so-called “unfriendly” countries.

The Russian Ministry of Finance has published an extract* from Minutes No. 193/4 of the meeting of the Sub-Commission of the Government Commission on Control over Foreign Investments in the Russian Federation dated 26 September 2023.

Our digital law team has prepared thought leadership material on regulation of software development and use of Open Source.

Recently, the UAE introduced Federal Law No. (15) of 2023 (The “Amendments”), which substantially revised the previous Federal Law No. (6) of 2018. The Amendments have been strategically crafted to enhance the arbitration processes in the country by addressing various aspects of the arbitration process.

The United Arab Emirates has established the General Commercial Gambling Regulatory Authority (GCGRA), which will be led by eminent industry specialists with years of experience in the gambling sector.

The UAE has long been recognised as an attractive destination for businesses due to its tax-free environment. However, a significant development took place on 1 June 2023, with the introduction of the UAE’s new corporate tax. Below, we provide insights into the implications of this tax reform and how it influences the business landscape in the UAE.

The fight against the intentional circumvention of the existing comprehensive range of restrictive measures is the primary objective of the 11th package of EU sanctions against Russia, which came into force on 24 June 2023. However, this package also encompasses additional expansions of pre-existing measures, some of which directly target Emirati companies.

SEAMLESS Legal continues to strengthen its team and is pleased to announce promotions effective from 1 January