BLOMSTEIN hat Helsing, wie schon bei der vorherigen Series-A-Finanzierung 2021 (EUR 102,5 Mio.), zusammen mit dem Team von YPOG bei der kürzlichen erfolgten Series-B-Finanzierungsrunde mit einem Gesamtvolumen von EUR 209 Mio unterstützt. BLOMSTEIN hat Helsing zu den Fragen der Investitionskontrolle beraten. Ein großer Dank geht an Helsing sowie an das gesamte YPOG-Team für das in uns gesetzte Vertrauen!

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On 17 May 2023, the European Commission has published proposals of significant reforms of the EU Customs Union, describing them as ‘the most ambitious and comprehensive reform of the EU Customs Union’ since its inception 1968. The reforms will create a data-driven vision for EU customs and simplify and enhance the customs procedures. According to the Commission’s press release, the reforms respond to the current pressures under which EU customs operates, including a huge increase in trade volumes especially in e-commerce, a fast-growing number of EU standards, unnecessarily complex customs procedures and shifting geopolitical realities and crises. The reforms are promised to make the customs framework fit for a greener, more digital era and contribute to a safer and more competitive Single Market and to reduce costs significantly. The Union Customs Code will be repealed and a new UCC introduced with a complete rearrangement of articles. The reform is awaited, as especially the national customs administrations wish for cost savings and streamlined and simple processes through digitalization.

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Artificial Intelligence (AI) is advancing so quickly that experts around the world are warning against the risks of unregulated deployment. Meanwhile, the European Commission (Commission) is trying to catch up by accelerating its plans to regulate AI. After publishing its first draft of an AI Act Proposal in April 2021, the Council adopted its common position (General Approach) on 6 December 2022. Since then, the Proposal has made great strides: the committee work in the European Parliament was completed on 11 May 2023, and the Proposal was adopted already a month later with a clear majority: 499 votes in favor, 28 against and 93 abstentions. Next up will be trialogue negotiations between the European Parliament, European Commission and the Council. If this pace is maintained, the AI Act could be passed before the end of the year, which would make it the world’s first comprehensive AI law.

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BLOMSTEIN unterstützt Goodwin bei der Beratung von Summit Partners hinsichtlich des Verkaufs der Anteile an der ELATEC-Gruppe in Bezug auf die investitionskontrollrechtlichen Aspekte in Deutschland. Die Transaktion mit einem Wert von rund EUR 400 Mio. soll noch in diesem Jahr vollzogen werden und unterliegt den üblichen regulatorischen Genehmigungsvorbehalten. Die Anteile werden von SGT German Private Equity erworben, einer Tochtergesellschaft der Private-Equity-Gesellschaft SGT Capital.

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Generative Artificial Intelligence (AI), which can be prompted to create wholly novel content, is a hot topic all around, from news and social media to policymakers and businesses. Image-generating AI models that create (digital) paintings inspired by van Gogh or other famous artists in seconds, or text-generating AI models like ChatGPT that pass university exams with ease are fascinating the internet community. Fact is that many generative AI-based applications have been made available to the public in the last months, from machine translations to image recognition and music generation. Yet, this is just the beginning of a ground-breaking technology, which will sooner than later be deployed in a wide spectrum of activities and become a critical infrastructure for many businesses.

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After the Digital Markets Act (DMA) entered into force in November 2022, the European Commission is now hosting a series of workshops to consult stakeholders on specific questions regarding the DMA’s implementation. The first workshop dealt with the prohibition on self-preferencing in Article 6(5) DMA and focused on the interpretation of the provision as well as possible solutions to ensure compliance with it in practice.

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On 23 November 2022, the Federal Cartel Office (FCO) declared that – for the time being – it does not object to the distribution of Meta VR headsets in Germany. The reason is that Meta has voluntarily refrained from linking its VR headsets to Facebook accounts. This case showcases the first application of Sec. 19a of the Act against Restraints of Competition (ARC) with the effect that a Big Tech company changed its business conduct. In the meantime, further cases are pending before the FCO with the outcome eagerly awaited.

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On the night after Halloween, the long-awaited Digital Market Act (DMA) has entered into force. Should companies be frightened or euphoric about the new EU rules for digital gatekeepers? Although field testing is still some months away – the DMA will only start applying after a further six months, on 2 May 2023 – affected companies are well advised to already familiarize themselves with the mechanics of the DMA. Our briefing outlines how the DMA will work.

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BLOMSTEIN berät Vodafone zu den investitions- und fusionskontrollrechtlichen Aspekten eines Joint Venture mit dem französischen Telekommunikationsunternehmen Altice.

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Das Bundesministerium für Wirtschaft und Klimaschutz konnte den Versuch des taiwanischen Chip-Zulieferers GlobalWafers abwehren, per Eilantrag den Eintritt der außenwirtschaftsrechtlichen Bedingung für die Siltronic-Übernahme feststellen zu lassen. Das Oberverwaltungsgericht Berlin-Brandenburg hat die Beschwerde gegen den kurz zuvor ergangenen Beschluss des Verwaltungsgerichts Berlin abgewiesen (Az. 1 S 10/22).

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