Characterisation Plan meaning

In this issue: Post-market Commercialisation Competition in life sciences Medical devices Data protection in life sciences Pharmaceuticals—regulatory framework Intellectual property LexTalk®Life Sciences: a Lexis®Nexis community Daily and weekly news alerts New and updated content Trackers Useful information Post-market Industry coalition urges withdrawal of AI Liability Directive MedTech Europe, with 11 other industry bodies, issued a joint statement urging withdrawal of the proposed AI Liability Directive (AILD). They say it would add needless legal complexity, undermine EU competitiveness and deter artificial intelligence (AI) innovation. The group insists the newly adopted Product Liability Directive should be implemented and reviewed before any further liability regimes are considered. They also warn the AILD could unsettle established contractual liability practices and conflicts with the EU’s Sustainable Prosperity Deal and the Draghi Report’s call for a streamlined AI legal framework. See: LNB News 05/02/2025 58. Commission proposes Critical Medicines Act to bolster supply chain The...

Investment and trading Charities draw income in various ways, and it is essential to separate investment from trade. At times the boundary is hard to spot, particularly with land. If a charity buys land intending to let it for rent, that amounts to an investment, as the aim is to produce rental return. By contrast, purchasing with a view to resale—perhaps for development—at an enhanced price places them in trading, because the profit on disposal is the objective. Some may say that, while the land is held, it effectively operates as an investment and only becomes trading property when it is sold, but that characterisation is unreliable where the real plan is to sell on at a higher price... The deciding factor is the charity’s original intention at acquisition. As stated in Trustees of BT Pension Schemes & Others v Clark (HM Inspector of Taxes), where the legal or commercial features of a transaction clearly indicate trading, the trader’s personal aims or motives do not alter its nature....