Disclaimer
Last updated : June 2026. Belya S.A. — Luxembourg.
1. AI-Generated Content Disclosure
Belya reports and analyses are generated using artificial intelligence. By accessing, reading, or using any Belya report, analysis, or service, you expressly acknowledge and agree to the following terms.
In compliance with the EU AI Act (Regulation 2024/1689), we transparently disclose that Belya reports, analyses, and content are produced through AI-powered systems. Our AI processes curated data sources, applies structured analytical methodologies, and generates personalized research intelligence. Human oversight is applied to methodology design, source selection, and quality assurance, but the final output is AI-generated.
You acknowledge that AI-generated content may contain errors, omissions, or limitations inherent to automated processing. You should not rely solely on AI-generated analysis for critical decisions without independent verification.
2. No Investment, Financial, or Professional Advice
By accessing, reading, or using any Belya report, analysis, or service, you expressly acknowledge and agree to the following terms.
Belya reports, analyses, data, and any other content published on the Belya platform are provided solely for informational and educational purposes. Under no circumstances do they constitute, or should they be interpreted as:
- Investment, financial, legal, tax, accounting, or management advice of any kind
- A recommendation, solicitation, or offer to buy, sell, hold, or trade any asset, security, derivative, commodity, or financial instrument
- An endorsement or evaluation of any company, fund, product, service, strategy, or individual
- A forecast, guarantee, or assurance of future performance, returns, or market conditions
- A substitute for professional advice tailored to your personal circumstances
3. Full Responsibility Rests with the End-User
You alone bear the full risk of any decisions, actions, or inactions taken based on Belya content. Before making any financial, investment, business, or legal decision, you must:
- Conduct your own independent research and due diligence
- Consult qualified and licensed professionals (financial advisors, attorneys, accountants, or other experts)
- Exercise your own independent judgment
- Consider your personal financial situation, risk tolerance, and objectives
Past performance and historical analysis do not guarantee future results. Belya makes no representation that any report or analysis is accurate, complete, or timely for any specific purpose.
4. No Fiduciary Relationship
Use of the Belya platform does not create a fiduciary, advisory, or professional-client relationship between you and Belya S.A. Belya is not a registered investment advisor, broker-dealer, financial planner, or law firm. No personalized advice is provided through the platform.
5. Forward-Looking Statements
Belya reports may contain forward-looking statements, projections, estimates, and opinions based on current assumptions and expectations about future events. These statements are inherently uncertain and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or events to differ materially from those expressed or implied.
Forward-looking statements are not guarantees of future performance. You should not place undue reliance on any forward-looking statements. Belya undertakes no obligation to update or revise any forward-looking statement to reflect new information, future events, or changed circumstances.
6. No Reliance
You acknowledge and agree that you are not relying on Belya, its reports, or its analyses to make any decision. You alone are responsible for evaluating the merits and risks associated with any decision, action, or inaction. Belya reports are one of many sources you should consider, and you should not base any decision solely on Belya content.
7. Accuracy and Completeness
Belya exercises reasonable care in preparing its reports and analyses. However, we do not guarantee the completeness, accuracy, timeliness, or error-free nature of any content. Information may become outdated, and Belya is under no obligation to update previously published content.
Reports may contain forward-looking statements based on assumptions and estimates that involve known and unknown risks. Actual outcomes may differ materially.
8. Limitation of Liability
To the maximum extent permitted by Luxembourg law, Belya S.A., its directors, officers, employees, and agents shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages — including but not limited to lost profits, lost opportunities, or business interruption — arising from or in connection with the use of or reliance on Belya reports, analyses, or services, even if advised of the possibility of such damages. This limitation does not apply in cases of gross negligence (faute lourde) or willful misconduct (dol) on the part of Belya S.A., or in cases of personal injury or death.
9. Third-Party Content and Links
Belya reports may reference or link to third-party sources, websites, or content. Belya does not endorse, control, or assume responsibility for the accuracy, legality, or content of any third-party material. Accessing third-party links is at your own risk.
10. No Waiver
Any waiver of any provision of this Disclaimer shall be effective only if in writing and signed by Belya S.A. No failure to enforce any provision shall be deemed a waiver of future enforcement.
11. Governing Law
This Disclaimer is governed by Luxembourg law. Any disputes shall be subject to the exclusive jurisdiction of the courts of Luxembourg City.