Blog

The future of voluntary CSAM detection in the EU – a primer
Information technology

As we speak, debates are raging in the European Union on a new legal framework for the detection and prevention of child sexual abuse materials (CSAM). These debates are particularly intense with respect to certain online communication services.

PSD3
Banking & fintech

EU Court of Justice clarifies the fine line between payment services and e-money, safeguarding PSPs from abrupt license revocations and providing a beacon of legal certainty for the future of financial transactions in Europe.

Synthetic data
Artificial Intelligence (AI)

The blog explores synthetic data, artificial data mimicking real characteristics, and its applications in AI, cybersecurity, meteorology, and health research. It discusses legal challenges, especially GDPR implications, and ongoing EU regulatory developments. The authors provide practical guidance for organizations using synthetic data, emphasizing legal bases, transparency, and balancing utility with anonymity in a changing regulatory landscape.

New AML rules
Banking & fintech

The EU has provisionally agreed on the new AML package, moving core rules to regulation to harmonize AML regulations across Member States; notable changes involve including all crypto-asset service providers (CASPs) under EU AML law, guided by MiCAR rules, and the European Banking Authority extending its 2021 Guidelines to cover CASPs, addressing sector-specific risks and AML risk factors in the crypto industry.

Faillissement van SaaS aanbieders
Contracts

The various forms of cloud computing, and SaaS in particular, have broken through in the past decade as reliable services for delivering mission-critical software. But what happens when a provider goes out of business?

AI liability
Artificial Intelligence (AI)

The blog discusses the implications of the European Union's new Product Liability Directive, which broadens the scope of liability to include all AI systems and introduces changes to accommodate the evolving nature of AI, such as continuous learning capabilities. It highlights the shift in the burden of proof to AI operators and connects the Product Liability Directive with the previously proposed AI Liability Directive and the upcoming AI Act, emphasizing the comprehensive regulatory framework for AI in the EU.

Pieter Gryffroy promoted to Partner
News & announcements

It is with great pleasure that Timelex would like to announce that, with effect from 1 October 2023, Pieter Gryffroy has been promoted to Partner. 

New Belgian law of contracts
Contracts

The new Belgian contract law will apply from 1 January 2023. Curious about the impact of these (new) rules on IT contracts concluded from then on? We will explain the 7 important changes to IT contracts.

FIDA
Banking & fintech

The European Commission has shared its evaluation findings on PSD2, suggesting an imminent revision. On June 28, 2023, formal proposals were made, including a new Directive called PSD3 and a Payment Services Regulation (PSR) that tackles financial data access, transaction authorization, and customer authentication. This blogpost offers an initial overview of the upcoming Financial Data Access Regulation.

Stay up to date

Timelex newsletter. On signup you agree to our privacy policy.