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The CMA’s Initial Report (Report), published on 18 September 2023, considers three levels of the AI Foundation Model (FM) value chain (although it focuses predominantly on the first two levels):
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On 5 April 2023 the long-awaited draft amendment to Delegated Act EU 2021/2139 including draft technical screening criteria in Annex 1 (the Draft Delegated Act) was published by the European Commission heralding the inclusion of aviation as a transitional activity within the EU Taxonomy Regulation. Following consultation, the draft was then updated on 13 June 2023 and published as part of the European Commission’s sustainable finance framework.
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Against the backdrop of continued growth and deepening of the GCC’s equity markets, as well as the tightening of lending criteria by many traditional commercial lenders post-COVID, convertible bonds and sukuk could provide corporates in the GCC region with an alternative source of funding in circumstances where other debt or equity financing options may not otherwise be possible.
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With the global supervisory spotlight firmly on the crypto and digital asset ecosystem, we have seen regulatory frameworks develop at pace in a number of jurisdictions across the world.
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Businesses are facing challenges from climate change, new technologies such as artificial intelligence, new laws and regulation, higher inflation and interest rates, and supply chain disruption, and are therefore looking to restructure to help ensure they are financially robust to navigate these issues.
© Norton Rose Fulbright LLP 2023
