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Article
Austrian Supreme Court Gives AI-generated Appeal Short Shrift
The Austrian Supreme Court has delivered an extraordinary rebuke to the first AI-generated appeal to reach its chambers, finding it so corrupted by hallucinations and fabricated citations that it failed to meet basic standards of legal argumentation. The court's response signals a clear warning about uncritical reliance on artificial intelligence in legal practice and hints at potential disciplinary consequences for attorneys who submit such flawed work.
Austria Technology
KH
KNOETZL HAUGENEDER NETAL Rechtsanwaelte GmbH
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Cybersecurity

Article
CRA Reporting Obligations: The 24-hour Clock Is Ticking, But When Does It Start?
When a cybersecurity incident strikes on a Friday afternoon, manufacturers of digital products face a critical 24-hour window to report under the EU's Cyber Resilience Act. With penalties reaching EUR 15 million or 2.5% of global revenue, understanding when the notification clock starts ticking has become a high-stakes compliance challenge that demands immediate attention and careful preparation.
Austria Commercial
CR
CMS Reich-Rohrwig Hainz
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New Technology

Article
Austrian Supreme Court Gives AI-generated Appeal Short Shrift
The Austrian Supreme Court has delivered an extraordinary rebuke to the first AI-generated appeal to reach its chambers, finding it so corrupted by hallucinations and fabricated citations that it failed to meet basic standards of legal argumentation. The court's response signals a clear warning about uncritical reliance on artificial intelligence in legal practice and hints at potential disciplinary consequences for attorneys who submit such flawed work.
Austria Technology
KH
KNOETZL HAUGENEDER NETAL Rechtsanwaelte GmbH
See more

FinTech

Article
CJEU Acknowledges PSD2 Ancillary Services Exemption In New Payment Services Ruling
The Court of Justice of the European Union has issued a landmark ruling clarifying that certain escrow and security arrangements involving fund transfers do not automatically constitute regulated payment services under PSD2. This decision provides crucial guidance for fintech platforms and businesses operating escrow models, potentially reshaping how payment service regulations are interpreted across the EU.
Austria Finance
K
Kinstellar
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