What a difference five years make. In 2019, the European Union (EU) created a modest common framework for foreign direct investment (FDI) screening, Regulation 2019/452 (the FDI Regulation), stressing that decisions on proposed investments, and even the decision whether to engage in FDI screening at all, remained with EU Member States. A pandemic and two…
The EU Artificial Intelligence Act (EU AI Act) is a landmark EU-originated legislative proposal to regulate artificial intelligence based on its potential to cause harm. Therefore, it can also be labelled as a risk-based regulation, meaning that the regulative burden and duties increase with the specific AI systems’ potential to cause harm. For close watchers…
The government’s draft for new competition rules, including on (digital) platforms, published in September 2020 (see here) includes a provision specifically aimed at powerful digital gatekeepers, draft Section 19a ARC. The proposal was debated in parliament on November 25, 2020, is largely expected to be adopted more or less in its current form and to…
Recently, after almost 15 months of discussions, the Parliament of Georgia adopted a comprehensive set of amendments to the Law on Competition (hereinafter – “LC”). Prepared within the framework of the EU-funded technical assistance project “Support to the Georgian Competition Agency”, these amendments are aimed at enhancing the effectiveness of Georgia’s competition framework and thereby…
