The Challenges for the Law of Obligations, Artificial Intelligence, Fintech, Data Protection and New Legislation on Digital Services
#UIALuxembourg
Seminar organised by the UIA in collaboration with Bonn & Schmitt, with the support of the Luxembourg, Brussels and Strasbourg Bar Associations, the Institut de Droit Européen des Barreaux - I.D.E.B, the European Commission, the Court of Justice of the European Union, the Council of Europe, the University of Luxembourg and, the Luxembourg House of Financial Technology (LHoFT), The National Data Protection Commission (Commission Nationale pour la Protection des Données – CNPD).
Some areas of law are not harmonised in Europe, notably contract law and, more broadly, the law of obligations, liability and prescription, leading to specific problems such as legislative competitiveness. Where do we stand regarding further harmonisation in these areas in Europe? What are the consequences of this lack of harmonisation? How has the international economic community been able to adapt?
What are the means to remedy this, through the UNIDROIT principles or through the insertion of contractual clauses in international contracts? What other remedies are there?
Faced with the growing development of digital technology (artificial intelligence, Fintech, Regtech, Blockchain, cryptoassets, robotics, platforms, etc.), contractual remedies are insufficient to deal with these changes and legislative reforms are most necessary. In addition, the increase in technology raises human rights and ethical issues highlighted by Council of Europe initiatives.
In this perspective, the European Commission has launched an ambitious legislative reform to regulate the digital economy, complementing the provisions of the GDPR. These new regulations form the "EU Digital Package" and regulate the use of ICT and the rules applicable to digital actors. These regulations tend to be highly sector-based, comparable to the Anglo-Saxon approach, and apply to the fields of mobility, health, work and finance.
The objective of these European initiatives is also to increase the attractiveness and competitiveness of the EU in terms of innovation. What will be the main advances and objectives of these legislations? And finally, what is the impact of the CJEU on this legislation through its jurisprudence?
We look forward to seeing you in Luxembourg!
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