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Technology, Media & Communicatie (TMC)

Advocatenkantoor in Nederland gespecialiseerd in Technology, Media & Communicatie (TMC)

Wij buigen ons met onze specialisten over de kansen en uitdagingen die u tegenkomt. Wij onderzoeken hoe blockchain de financiële dienstverlening gaat veranderen. Wij bestuderen de wettelijke kaders en de ethiek van omgaan met big data. Of de unieke krachten van artificial intelligence. Wij zitten in de voorhoede bij het doorgronden van deze ontwikkelingen. Want wij willen alle facetten kennen en beheersen die uw succes bepalen. Daarom zijn we zo gebrand op het verwerven van de nieuwste inzichten. Wij willen altijd dat u er beter van wordt. En daarom denken wij graag met u mee over innovatieve oplossingen. Werken samen met u aan de uitkomst die commercieel de beste is voor uw organisatie.

"Tailored, commercial and easily digestible advice provided promptly by a friendly and accessible team led by Rogier de Vrey."

The Legal 500 EMEA, 2023

CMS' multidisciplinary team has "deep knowledge of content and consumer regulation in the Netherlands."

The Legal 500 EMEA, 2022

"The strategic insights were invaluable."

The Legal 500 EMEA, 2021

"Always available, fast responses and pragmatic advice."

The Legal 500 EMEA, 2021

They've been very good, professional, extremely diligent and precise about the details. We benefit a lot from their willingness to think creatively and to find creative solutions.

Chambers FinTech Legal, 2021

"CMS combines in-depth legal knowledge with an equally in-depth understanding of new technologies, in this case of blockchain and zero-knowledge proofs. Our digital product was not only assessed by CMS, but was also improved in the exchange of thoughts and ideas with the law firm. This not only ensured the required legal check, but also resulted in a quality boost for the project."

The Legal 500 EMEA, 2020

"CMS is recommended for its 'in-depth knowledge of new technologies' in tandem with providing expert advice on data privacy and protection in areas as diverse as life sciences, energy and sports."

The Legal 500 EMEA, 2020

"Team members take 'the time to listen and investigate the different possibilities' when advising on matters such as sponsorship and licensing, exploitation and enforcement of digital media rights, advertising, and IP infringement."

The Legal 500 EMEA, 2020

"CMS provides comprehensive expertise in IT-related transactions, software licensing issues and disputes to local and international clients. It is notably active in the public transport, energy, smart buildings and healthcare software sectors, and also assists with AI and blockchain matters."

The Legal 500 EMEA, 2020

"They go out of their way to offer outstanding client-centred advice."

Chambers Global, 2020

"The firm has been very good, not just with services and quality but also efficient regarding the issues we farmed out to its other offices."

Chambers Global, 2020

"We consult CMS quite a bit on open banking, tokenisation and DLT. They're a little different to other law firms in that they have a deeper understanding of the tech."

Chambers FinTech, 2020

"They're high up on the list of good technology practices in the areas of blockchain and AI."

Chambers FinTech, 2020

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Blockchain & Smart Contracts
CMS investeert in innovatieve ontwikkelingen die onze dienstverlening én uw onderneming kunnen raken. Ook als wij niet tevoren weten wat de uit
Data Protection & Privacy
Het Cybersecurity & Privacy team van CMS Nederland heeft lange praktijkervaring in het adviseren van Nederlandse en internationale cliënten o
De sportwereld vraagt om gespecialiseerde juridische dienstverlening. De praktijkgebieden waarin sportbonden, sport­ver­e­ni­gin­gen en individuele sporter
Telecommunicatie heeft invloed op ons dagelijks leven. Door toenemende convergentie van technieken en toepassingen zal deze invloed in de toekomst ver
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Advocatenkantoor in Nederland gespecialiseerd in FinTech
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Four levels of risks are dis­tin­guis­hed:Un­ac­cep­ta­ble risk: AI systems which are classified in the first category are prohibited by the AI Act.High risk: With respect to high-risk AI systems, the AI Act imposes requirements and obligations regarding, inter alia, (i) technical documentation; (ii) risk management systems; (iii) conformity assessment procedures; (iv) log keeping; and (v) quality management systems.Limited risk: Title IV of the AI Act concerns certain AI systems to take account of the specific risks of manipulation they pose. The transparency obligations set out therein apply for systems that (i) interact with humans, (ii) are used to detect emotions or determine association with (social) categories based on biometric data, or (iii) generate or manipulate content ('deep fakes').Low or minimal risk: Lasty, the AI Act creates a framework for the creation of codes of conduct, which aim to encourage providers of non-high-risk AI systems to voluntarily apply and implement the mandatory requirements for high-risk AI systems.The task of monitoring and enforcing the provisions of the AI Act is assigned to a national supervisory authority in each Member State. In the Netherlands, the competent authority is the Personal Data Authority (Autoriteit Per­soons­ge­ge­vens). Failure to comply with the obligations and requirements laid down in the AI Act may result in a penalty. Further rules on penalties shall be determined by each European member state individually, taking into account the maximum penalties provided for specific infringements of the AI Act. For example, infringements of Article 5 (regarding prohibited AI practices) shall be subject to administrative fines of up to EUR 30,000,000 or up to 6 % of its total worldwide annual turnover for the preceding financial year. Due diligence As the AI Act will come into force in the near future, assessing the risk level(s) of the relevant AI system(s) and their compliance with the AI Act is already – and will increasingly become – an important part of the due diligence in Tech M&A transactions. In addition, depending on the role of the target company (e.g. as a provider or user of AI), it will be crucial in such due diligence investigations to assess information on the ownership of AI-generated intellectual property rights, compliance with data protection regulations and liability for AI decision-making. Transaction documentation The AI-related risks identified in the due diligence phase should be addressed in the share purchase agreement through appropriate warranties and indemnities, signing or closing conditions. These due diligence findings may also affect the valuation, negotiation and structuring of the M&A trans­ac­ti­on.Re­pre­sen­ta­ti­ons and warranties: the seller should provide more specific and comprehensive representations and warranties regarding compliance with the AI Act.Signing or closing conditions: the parties may need to include more tailored conditions relating to the target company's AI systems, such as obtaining or maintaining any necessary authorizations, registrations, certifications or notifications under the AI Act in order to comply with any ongoing or reporting re­qui­re­ments.Fur­ther­mo­re – in the event of W&I-insured transactions – the parties and their insurers should adapt the scope of their due diligence, disclosure, negotiations and underwriting processes to account for AI risks and to ensure that the W&I insurance provides adequate coverage for these risks. The introduction of the AI Act and the expected development of associated national legislation may result in uncertainty regarding the (legal) risks involved. Therefore, we expect W&I insurances will be in demand by parties in Tech M&A transactions Conclusion In the dynamic landscape of Tech M&A, the development and application of AI and the introduction of the proposed AI Act are transforming M&A processes. AI-related transactions require a tailored approach at each stage of the transaction, focusing on identifying specific AI risks and incorporating such risks into the transaction documentation. The AI Act, once enacted, will impose various requirements, obligations and other aspects to be considered by all stakeholders to an M&A process. Time will tell how the Tech M&A market will respond to the development of further legislation to regulate AI systems. We consider the adoption of the AI Act a confirmation of the significant potential of AI companies and foresee a bright future for Tech M&A.
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