The TMT sector has developed quickly within the final 10 years and continues to evolve at an ever-increasing fee. How have you ever been aiding and advising your purchasers?
Ukraine has all the time been a scorching spot for tech corporations and rising tech expertise, and our agency has been treating IT sector as certainly one of its priorities for greater than 10 years by now. Other than working with native tech startups, we now have additionally been aiding world know-how corporations with their operations in Ukraine by way of organising places of work, buying native targets or lobbying for sure legislative modifications which might open new enterprise alternatives, like we did as an example when drafting the laws permitting the usage of cloud information storage within the state sector of Ukraine. Our agency has additionally performed a key position in creating the brand new legislation which created particular authorized and tax regime for IT corporations in Ukraine (“Diia Metropolis”). In the intervening time, regardless of the full-scale battle and world slowdown in software program improvement trade, we nonetheless see quite a lot of M&A transactions involving Ukrainian tech corporations. Furthermore, we see quite a lot of new product corporations arising, particularly within the area of defence tech, and we count on to see some unicorns right here quickly.
How necessary is the position of know-how within the exposition of battle crimes in Ukraine?
I’ve been an excellent proponent of utilizing know-how for preventing corruption and guaranteeing justice for a few years, for the reason that latest revolution in Ukraine, when one of many most important calls for of the scholars who began it have been transparency and justice. And we now have seen within the latest years how utilizing know-how and eradicating human issue helped to remove subjectivity and corruption in lots of routine operations. Ukrainian consumer case of governmental e-services (Diia) has grow to be an instance for a lot of different democratic nations easy methods to grow to be extra environment friendly and people-oriented. Russian invasion which began in 2022 sadly created too many instances which required truthful investigation, documentation and additional trial on a mass scale. And our tech specialists have give you numerous options which have been built-in into particular platforms offering, particularly, for importing pictures with proof of Russian crimes (murdered or abused folks, pillaged or broken property, and so forth.) and finding them on the map. In consequence, that information was additional used for investigation and prosecuting crimes, together with battle crimes, in addition to for constructing database of proof for claiming compensation of damages brought on by the navy aggression. Given the mass scale of the harm, the group of specialists concerned is working in the meanwhile on automating the evaluation of damages utilizing AI, satellite tv for pc and picture pictures earlier than and after the invasion. It will be unattainable to perform with out the usage of know-how and experience of the specialists who work on it from the Ukrainian aspect. I imagine it could make legal professionals’ work barely simpler when getting ready the respective lawsuits towards Russia and its battle criminals.
What position will Synthetic Intelligence (AI) applied sciences play in Ukraine and is there a roadmap for AI as corporations race to combine AI?
There have been quite a lot of software program engineers in Ukraine specialising in AI lengthy prior to now, and a few of them have been later concerned in creating LLMs which grabbed everybody’s consideration recently. Accordingly, Ukrainian authorities feels that they should take use of the present experience and create surroundings for its additional progress. In consequence, the roadmap for AI improvement in Ukraine has been introduced not too long ago, together with some legislative modifications just like the copyright safety of AI-generated content material. It’s crucial that Ukrainian startups and enormous companies will not be hindered in utilizing AI as certainly one of its potential advantages is getting technological benefit over Russia in the middle of the battle, and we already see that quite a lot of defence tech startups excel in it. On the identical time, we needs to be acutely aware that Ukraine and its corporations do not need sufficient sources to construct highly effective information centres which might host their very own LLMs, and consequently we see the long run in cooperation with developed nations and large tech corporations which might create synergies when utilizing Ukrainian applied sciences.
Regarding shopper wants within the TMT sector, what new expectations do you see rising in 2024 and past?
I imagine that one of many large traits can be cybersecurity and the respective necessities on the purchasers to make sure their compliance. I additionally imagine that information safety legal guidelines would grow to be extra related within the gentle of wider use of AI-based methods. I don’t imagine it could be the case in Ukraine within the close to future, however globally we may even see extra disputes associated to “unfair” remedy of customers brought on by numerous AI-based filters. On high of that, governments will likely be imposing extra laws and restrictions on large tech corporations and it could require extra involvement of legal professionals to make sure their compliance, in addition to to make sure that they might proceed their R&D and additional progress.
With severe ambitions for chip manufacturing, AI progress, digital transformation and blockchain, Ukraine has a transparent technological imaginative and prescient for the long run. What are, and what are going to be the important thing authorized challenges dealing with each non-public and public sectors?
I imagine the largest challenges wouldn’t be authorized, however the problems with bodily security and enough funding. And on condition that Ukraine has to consider these challenges, it have to be extra versatile on the authorized aspect. This has been the case traditionally when Ukraine has been testing sure merchandise which authorized regulation has not been established globally but, for instance with ICOs, cryptocurrency exchanges, medical trials, surrogacy, and extra not too long ago with AI content material and legalisation of medical hashish. We wish to show to the world that we’re dynamic and want to be the hub for innovation on a world scale to draw investments which might construct upon our expertise.
About Nazar:
I’m presently the Managing Associate of Sayenko Kharenko, the main Ukrainian legislation agency. For the final 20 years the agency has been engaged on probably the most high-profile tasks involving Ukraine, representing predominantly worldwide purchasers, which embody main funding banks, Forbes 500 corporations, worldwide monetary establishments and overseas states. My major background has been in banking & finance, which helped me to begin working with tech corporations – first, on their finance transactions, however later I continued with advising them on numerous regulatory and IP points, in addition to serving to them to construction their operations and cope with information safety and cybersecurity points. Virtually ten years in the past, I turned an officer of the IBA Expertise Legislation Committee and since 2024 I function its Co-Chair – this has grow to be an incredible journey by way of the most recent traits of know-how legislation globally and allowed me to contribute to the shaping of the brand new authorized framework throughout numerous nations, on condition that we now have high specialists within the area from all continents within the committee who work on landmark tasks which set new precedents.
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