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European Union Risk Assessment

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Akin Gump Strauss Hauer & Feld LLP

EU Takes Steps to Develop General Purpose AI Code of Practice

Following the publication of the European Union’s Artificial Intelligence Act (AI Act or Act) on 12 July 2024, there are now a series of steps that various EU bodies need to take towards implementation. One of the first key...more

A&O Shearman

Zooming in on AI – #4: What is the interplay between “Deployers” and “Providers” in the EU AI Act?

A&O Shearman on

One of the key aspects of the EU AI Act (“AI Act”)[1] is linked to the qualification of providers and deployers and the nuances which help distinguish between the two categories of stakeholders. What would this mean in...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI Safety: The Role of the Board in Assessing and Managing AI Risk

As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risk from developing and deploying AI systems that do not function as intended or that yield problematic outcomes. The...more

WilmerHale

Obligations for Deployers, Providers, Importers and Distributors of High-Risk AI Systems in the European Union’s Artificial...

WilmerHale on

In this blog post, we will focus on obligations that the European Union’s Artificial Intelligence Act (AI Act) sets for deployers, providers, importers and distributors regarding high-risk AI systems....more

Foley & Lardner LLP

A Look at the Evolving Scope of Transatlantic AI Regulations

Foley & Lardner LLP on

There have been significant changes to the regulations surrounding artificial intelligence (AI) on a global scale. New measures from governments worldwide are coming online, including the United States (U.S.) government’s...more

K&L Gates LLP

Digital Operational Resilience in the Financial Services Sector: EU and UK Update

K&L Gates LLP on

With under six months to go until the European Union Digital Operational Resilience Act (DORA) becomes applicable on 17 January 2025, DORA implementation projects are running full steam ahead. DORA lays down uniform...more

Baker Donelson

EU AI Act Tightens Grip on High-Risk AI Systems: Five Critical Questions for U.S. Companies

Baker Donelson on

A new era of AI legislation has begun as the EU AI Act enters into force on August 1, 2024. With broad extraterritorial reach, significant penalties of up to seven percent of worldwide annual turnover, and an emphasis on...more

Dechert LLP

Dechert Cyber Bits - Issue 59

Dechert LLP on

U.S. Court Axes Most of SEC's SolarWinds Data Breach Suit - The U.S. District Court for the Southern District of New York recently dismissed much of the U.S. Securities and Exchange Commission’s (“SEC”) suit against...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU’s 14th Sanctions Package: Compliance Obligations Expand and Exits Are Facilitated

On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities and expanding sectoral sanctions targeting key...more

Pillsbury Winthrop Shaw Pittman LLP

The EU’s AI Act: A Review of the World’s First Comprehensive Law on Artificial Intelligence and What This Means for EU and Non-EU...

The agreed text of the AI Act was published on July 12, 2024, essentially starting the clock on the legal deadlines contained in it. Its obligations will apply in tiered phases, with the first key obligations being enforced...more

WilmerHale

What Are High-Risk AI Systems Within the Meaning of the EU’s AI Act, and What Requirements Apply to Them?

WilmerHale on

In this blog post, we will focus on the identification of “high-risk AI systems” under the Artificial Intelligence Act (“AI Act”) and the requirements applying to such systems. As explained in our previous blog posts, the AI...more

Akin Gump Strauss Hauer & Feld LLP

EU AI Act published in the EU Official Journal

On 12 July 2024, the European Union Artificial Intelligence Act (AI Act or Act) was published in the Official Journal of the European Union (EU), marking the final step in the AI Act’s legislative journey. Its publication...more

Littler

EU AI Act Will Formally Become Law and Provisions Will Start to Apply on a Staged Basis

Littler on

As previously discussed, in March the European Parliament approved the EU Artificial Intelligence Act (the “Act”), creating the world’s first comprehensive set of rules for artificial intelligence. On July 12, 2024, the Act...more

Alston & Bird

What to Tell Your C-Suite About the EU AI Act

Alston & Bird on

Our Privacy, Cyber & Data Strategy Team highlights 11 common questions your company’s senior executives may have about the European Union’s Artificial Intelligence Act and how you can answer them....more

Cozen O'Connor

The EU AI Act: Part Two – High-Risk AI Systems

Cozen O'Connor on

This is part two of our examination of the European Union’s new artificial intelligence law, the (“EU AI Act”). In part one, we introduced the scope of the EU AI Act and discussed what types of AI systems are outright...more

A&O Shearman

European Banking Authority Announces Anti-Money Laundering Priorities for 2024/25

A&O Shearman on

The European Banking Authority has published a press release welcoming the entry into force of the new EU framework establishing the Anti-Money Laundering and Countering the Financing of Terrorism Authority. The EBA also...more

Latham & Watkins LLP

EFRAG Publishes First Implementation Guidance Documents for CSRD Reporting

Latham & Watkins LLP on

This guidance aims to support the preparation and analysis of reports using the European Sustainability Reporting Standards. On 31 May 2024, EFRAG published the first three Implementation Guidance (IG) documents relating...more

A&O Shearman

Council approves EU AI Act

A&O Shearman on

Highlight of the week - On 21 May 2024, the Council of the European Union (the Council) issued a press release announcing it had approved the Proposal for a Regulation of the European Parliament and of the Council Laying Down...more

White & Case LLP

AI Watch: Global regulatory tracker - OECD

White & Case LLP on

The OECD's AI recommendations encourage Member States to uphold principles of trustworthy AI. Laws/Regulations directly regulating AI (the “AI Regulations”) The OECD's Recommendation of the Council on Artificial...more

Dentons

Critical Risk Areas Identified in Annual Family Office Survey Report

Dentons on

Family law attorney Tyler Coe covers the new report with insights from Edward Marshall and how it equips family offices with insights that can enhance performance and manage risk to position themselves for success....more

K&L Gates LLP

Brussels Regulatory Brief: May 2024

K&L Gates LLP on

Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more

Seyfarth Shaw LLP

EU Corporate Sustainability Due Diligence Directive: Raising the Stakes on ESG Regulations

Seyfarth Shaw LLP on

Game changing Environmental, Social, and Governance (“ESG”) regulations via the Corporate Sustainability Due Diligence Directive (“CS3D”) will require non-EU and EU companies to identify and prevent adverse environmental and...more

Akin Gump Strauss Hauer & Feld LLP

EU Ratifies Pioneering Artificial Intelligence Legislation

On May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. This 420-page Act aims to regulate the...more

Akin Gump Strauss Hauer & Feld LLP

Colorado Passes New Watershed AI Consumer Protection Bill

Key Points - Colorado’s new AI law creates new obligations for developers and deployers of high-risk artificial intelligence (AI) systems. Similar to the EU AI Act, the law is risk-based and defines a “high-risk” AI system as...more

Mitratech Holdings, Inc

The Timeline of the EU AI Act (And a Look Ahead)

The EU AI Act marks a new milestone in the landscape of AI governance — and businesses are taking note. This past March, the EU passed new regulations surrounding AI in the EU AI Act that have been years in the making....more

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