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Wolf Theiss, working with Simpson Thacher & Bartlett, Gorrissen Federspiel, and Hengeler Mueller, has advised Software AG on the carve-out and sale of its Super Integration Platform as a Service business to IBM. Binder Groesswang, working with Cravath, Swaine & Moore, advised IBM.

One of the most current news this year, which turned out to be equally interesting to both legal experts and IT industry professionals, was the adoption of the European Union’s Artificial Intelligence Act (“AI Act“) as the first regulatory framework regarding artificial intelligence (“AI“) adopted at the EU level. The aim of the AI Act is to bring the European Union (“EU“) to the forefront of the artificial intelligence race, while simultaneously ensuring the protection of human rights, the environment, the rule of law, and democracy.

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