RWS Legal’s Post

🌎 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗜 𝗧𝗿𝗲𝗮𝘁𝘆 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 🌎 Last month, the US, UK, EU and other nations signed the first-ever legally binding international treaty on #AI governance -- a pivotal moment in AI regulation across borders. This treaty not only focuses on protecting human rights but also requires local adoption of laws by each signatory nation, impacting public authorities and private sector companies working with governments. 📱 For businesses in technology, AI and public services, this treaty introduces new layers of regulatory compliance that must be navigated carefully, especially in multilingual and cross-border operations. 💡 RWS Legal specialises in AI-powered legal translation services that help companies meet evolving global compliance standards. Learn more about how RWS Legal can support your global compliance: https://lnkd.in/eHghRqjz. #RWS #RWSGroup #RWSLegal #AITreaty #AICompliance #LegalTranslation #GlobalRegulations #AI #HumanRights #RWSLegal

The landscape of AI in commercial law is witnessing significant regulatory developments across the globe, each with its unique approach towards AI integration and governance. Navigating the AI Regulation in Commercial Law: A Global Perspective The regulatory terrain of AI in commercial law is rapidly transforming, with significant developments across various regions: #European Union's AI Act The EU has taken a pioneering step with the AI Act, aiming for swift implementation. This comprehensive law introduces risk-based obligations for AI providers and users, with stringent requirements for high-risk AI applications. The act emphasizes transparency, accountability, and bias minimization in AI development. It’s a bold move that sets a precedent for global AI regulation. #United Kingdom and Other Key Developments While the UK's approach to AI regulation diverges from the EU's, its commercial law is evolving with a focus on consumer protection, data privacy, and digital services. The UK’s stance on AI will influence and be influenced by developments in the EU and globally. #China's Comprehensive AI Law China is working on an all-encompassing AI law to centralize its previously fragmented regulatory approach. This move signals China's intent to more tightly control AI development and application, with an emphasis on government approval for high-risk AI areas. #Global Regulatory Trends Globally, regions like Africa are gearing up to introduce AI strategies, reflecting a divergence in AI governance approaches worldwide. These developments indicate a growing global discourse on AI regulation, democracy, and innovation. The continuous evolution of AI regulation and its impact on commercial law underscore the importance for businesses and legal professionals to adapt to the changing landscape, ensuring compliance and leveraging AI's potential responsibly. #AILaw #TechInnovation #Compliance #GlobalAI #TechPolicy #Innovation #ChinaAI #TechRegulation #AIPolicy #UKLaw #DigitalPrivacy #ConsumerProtection #AIEthics #EULaw #AIRegulation

On July 2, Vietnam published a draft Digital Technology Industry Law, to lay down new rules for digital technology products and services, including AI. > AI systems will be regulated based on risk classifications, and labelling requirements imposed. > The law excludes from its ambit digital technologies used for defense, security, and cryptographic purposes. > The law will replace provisions applicable to the IT industry in the Information Technology Law. The consultation closes on September 2, 2024. https://lnkd.in/gWwuPFK9 #vietnam #tech #digital #ai #asia #asean #southeastasia #apac #law #legislation #consultation

The rapid evolution of #AI means businesses need to monitor the continuing regulatory developments closely - and Hong Kong is no exception. Joyce Chan, Partner in Hong Kong, shares what's happening in the space 🌐 Contact Joyce and our Regulatory & Investigations team to find out how we can help you navigate these risks: https://bit.ly/3A27f5f #Regulatory #Investigations #Tech

Incorporating International AI Standards Into Contracts The EU's "AI Act" and expanding trade laws highlight the need for precise contracts with overseas entities, ensuring minimal risk, enhanced transparency, and trust in agreements. Reference : https://lnkd.in/gnTC_JRR #EUAIAct #InternationalTrade #ContractPrecision #RiskManagement #TransparencyInContracts #TrustBuilding #LegalCompliance #AIIntegration #GlobalBusiness #TradeAgreements

📰 The Future of AI and Consumer Rights in Australia 🚀 The Albanese Government has opened a public consultation to review the impact of Artificial Intelligence (AI) on Australian Consumer Law (ACL). As AI-powered products and services become more widespread, this review aims to assess whether current laws offer enough protection for consumers. Key questions include whether existing rules around product safety and guarantees are sufficient, and how liability should be handled when AI-enabled products malfunction. 🔍 The government is especially keen on feedback regarding potential mandatory safeguards for AI in high-risk areas, ensuring AI technology benefits consumers without compromising safety. 🗓️ Have your say before November 12, 2024! Don't miss the chance to contribute to shaping AI regulation that could set a global precedent for protecting consumers in an AI-driven world. #AI #ConsumerRights #TechLaw #Australia #PublicConsultation #AIGovernance #AIRegulation #DigitalSafety #Innovation #TechPolicy #EthicalAI #ConsumerProtection #AIImpact #FutureTech #LegalReform #AIinAustralia #GovTech

The EU AI Act is to protect individuals affected by AI systems across Europe. However, its impact reaches far beyond the EU's borders. If your AI tools touch the EU market, compliance isn't optional——it's a necessity. For legal, immigration, and global mobility professionals, this legislation will influence how you use AI to support your people and shape your future strategies. Our upcoming report is built on our in-depth research and firsthand experience using AI in global mobility. It breaks down exactly what the Act means, how to stay compliant, and what you need to know before full enforcement hits and the penalties for non-compliance take effect. Get early access to this essential guide and stay ahead of the curve 🇪🇺🚀 Link in the comments below! #ai #aiact #eu #tech #legaltech #legal #relocation #immigration #compliance #businessinsights #globalmobility #globalexpansion #centuroglobal

One thing I have learnt over the past many years as a #Solicitor, you need to learn to adapt and pivot to changes and become comfortable with being uncomfortable. It's the key to personal growth, new opportunities, and resilience in this ever evolving digital age 😎 Womble Bond Dickinson (UK) LLP #LegalTech #AI #GenAI #Transformation #LegalIndustry #Innovation #ChangeManagement #LegalTechnology #Digital #Law #Business #Success #HorizonScanning

The legal sector is rapidly evolving in the digital age. Technology like AI is transforming the industry, but it requires addressing challenges through regulations, ethics, and ongoing training. Success lies in adapting to these changes. Emily Cox Womble Bond Dickinson (UK) LLP #legaltech #AI #GenAI #transformation #legalindustry #innovation