Adoption – Page 74 – Legal News Feed

JDSupra

Canadian Derivatives Market: New Regulatory Instrument to Enhance Transparency and Accountability

Pieter Gunst3 years ago02 mins

The Canadian Securities Administrators (CSA) recently announced the adoption of Multilateral Instrument 93-101, entitled Derivatives—Business Conduct (The Rule), by the regulatory authorities of each jurisdiction in Canada, with the notable exception of British Columbia. This adoption encompasses a significant change in the regulatory landscape aimed at enhancing accountability and transparency while ensuring stakeholders’ protection. Bennett…

Law.com

ChatGPT’s Potential Impact on Law School Admissions and the Legal Landscape

Pieter Gunst3 years ago03 mins

In an era where Artificial Intelligence (AI) gains mounting importance, legal entities and law schools worldwide are looking towards advanced AI tools like ChatGPT to streamline their operations and procedures. Brought to the forefront in a recent Law.com article, this technology demonstrates potential in addressing the complex world of law school admissions. ChatGPT, developed by…

JDSupra

Eleventh Circuit Adopts Employer-Friendly Standard in SOX Whistleblower Cases

Pieter Gunst3 years ago02 mins

The United States Court of Appeals for the Eleventh Circuit has decided on a vital aspect of whistleblowing lawsuits pertaining to the Sarbanes-Oxley Act (SOX). On September 25, 2023, in Ronnie v. Office Depot, LLC, the court clarified what constitutes a whistleblower plaintiff’s “reasonable belief” that their employer violated SOX, adopting a “totality of the…

JDSupra

SEC Targets AI: Proposed Regulations to Impact Financial Services and Broker-Dealer Industry

Pieter Gunst3 years ago03 mins

The U.S. Securities & Exchange Commission (SEC) is showing a high interest in regulating the usage of Artificial Intelligence (AI) within the financial services sector. According to a recent client alert issued by Mintz, this attention is primarily focused on the proposed regulations for conflicts of interest relating to AI, predictive data analytics, and similar…

JDSupra

NYC Adopts Final Rule to Amend Earned Safe and Sick Time Act: Employers Face Compliance Deadline

Pieter Gunst3 years ago03 mins

In a significant update to the city’s employee rights legislations, the New York City Department of Consumer and Worker Protection (DCWP) announced the adoption of a Final Rule concerning amendments for certain sections of the Earned Safe and Sick Time Act (ESSTA). The information was made public on September 15, 2023, and employers will be…

Above the Law

Biglaw’s AI Adoption Lags Behind: Perception vs Reality in Legal Tech Integration

Pieter Gunst3 years ago03 mins

Last week, the legal world was abuzz as it responded to a 2023 ILTA tech survey, a comprehensive report on legal tech adoption. The survey, a colossal 300-page document, seemed to reveal that 85% of law firms were utilizing generative AI for various business tasks. However, it was soon discovered that the graph depicting this…

JDSupra

Navigating the ISO/IEC 27001:2022 Standards: The Growing Significance of Software Escrow in Operational Resilience

Pieter Gunst3 years ago03 mins

As the acceleration of digital transformation carries on unabated, operational resilience is gaining heightened importance for modern businesses. Organizations are increasingly relying on third-party providers and outsourced IT solutions, thus raising the stakes of exposure to digital threats and other types of business interruption. Accordingly, the need for access to critical software source code and…

JDSupra

FCC Drafts New Proposal Reclassifying Broadband Services, Revives Net Neutrality Debate

Pieter Gunst3 years ago02 mins

On September 28, 2023, the Federal Communications Commission (FCC) announced the release of a draft Notice of Proposed Rulemaking (NPRM). As per the Wiley Rein LLP’s report , the NPRM, if adopted, would largely impact the regulation of broadband in the United States. Specifically, it proposes to reclassify both broadband internet access service and mobile…

Above the Law

Experts Convene to Discuss Future of AI Regulation and Impact on In-House Law Departments

Pieter Gunst3 years ago02 mins

Emerging rules within the tech industry have characterized the 2020s. As technology continues to evolve, and with it, the rapid growth of artificial intelligence (AI), one can’t help but wonder, will this trend carry over into the realm of AI regulation? Above the Law, in partnership with Ontra, is arranging a CLE-eligible webinar on October…

Law.com

Bridging the AI Knowledge Gap: Overcoming Legal Professionals’ Hesitations

Pieter Gunst3 years ago03 mins

Artificial Intelligence (AI) is steadily reshaping legal practices, promising greater efficiency and improved decision-making capabilities. However, it appears that the vast majority of in-house attorneys have yet to embrace this technology, harboring uncertainties about their understanding of AI. In fact, the adoption and utilization of AI within their legal operations seem to be more the…

JDSupra

Proposed MHPAEA Regulations: Unraveling the Impact on Mental Health and Addiction Coverage

Pieter Gunst3 years ago03 mins

The US Departments of Labor, Health and Human Services, and the Treasury (collectively referred to as ‘the Departments’) have issued a string of proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA), which have sparked widespread interest across all corners of the legal profession. Our focus today revolves around the ‘Meaning of…

Jurist

Bosnia’s Republika Srpska Labels NGOs as Foreign Agents, Sparking EU Concerns

Pieter Gunst3 years ago03 mins

On Thursday, lawmakers in Bosnia’s autonomous Republika Srpska passed a draft law that labels non-governmental organizations (NGOs), which receive foreign funding, as ‘foreign agents’. This decision has raised concerns in the EU. Under the Special Registry and Publicity of the Work of Non-Profit Organizations draft law, NGOs will now be required to inscribe onto a…

JDSupra

California’s 2023 Housing Legislation: Bridging the Gap Between Policy Intentions and Actual Results

Pieter Gunst3 years ago03 mins

The 2023 California Legislative Session, closing on September 14, continued the state’s ongoing efforts to address its enduring housing crisis. For several years, a myriad of legislations aimed at increasing housing production have been enacted. Though the efforts have pushed the state in the direction of its housing production goals, the actual results – tangible…

Above the Law

Navigating the Legal Landscape Amid Rapid AI Advancements and Adoption

Pieter Gunst3 years ago03 mins

The growing demand for skilled AI professionals has surged the cost of legal technology, as evident from the challenges legal tech companies face in allocating high-paying roles for AI talent which do not directly translate into profit-making, as discussed in Legaltech News. Another intriguing development in the sector is driven by the apprehension about integrating…

JDSupra

Texting Acronyms and Emojis: The Great Corporate Communication Debate

Pieter Gunst3 years ago03 mins

In the world of fast-paced corporate communication, the use of texting acronyms and emojis has sparked a substantial debate. This topic was recently discussed at the “People’s Court” argument concluding Exterro’s XChange Global Conference in New Orleans. Scott Milner of Morgan Lewis was delegated the task of arguing the “Pro” position, while a Reed Smith…

JDSupra

CCOs on Alert: Examining Legal Liability and AI Integration in FINRA Regulatory Landscape

Pieter Gunst3 years ago03 mins

The Financial Industry Regulatory Authority (FINRA) painstakingly navigates a landscape fraught with varying complexities. They often maneuver through issues regarding enforcement, regulation, and resolutions of disputes. Over the years, professionals in law firms and corporations have relied on a monthly newsletter – Bracewell’s FINRA Facts and Trends – for a condensation and digestion of recent…

JDSupra

Maximizing CRM Adoption in Law Firms: Overcoming Barriers to Unlock Growth

Pieter Gunst3 years ago03 mins

As technology continues to shape client interactions and business growth, law firms worldwide are being forced to adapt, with Customer Relationship Management (CRM) tools becoming increasingly prevalent. These tools, designed to streamline client interactions, have long promised to foster growth within the industry. However, it seems that many law firms are facing one significant, persistent…

JDSupra

Michigan Supreme Court Sets Precedent with Adoption of Pronoun Rule

Pieter Gunst3 years ago03 mins

In a remarkable display of inclusivity and respect for individual identity, the Michigan Supreme Court has adopted a rule pertaining to the use of preferred pronouns in court proceedings. It holds the distinction of being the first state court to do so across the United States. As reported by JD Supra, this rule is set…

JDSupra

SEC Proposal Aims to Harmonize AI Adoption with Fiduciary Duty in Finance

Pieter Gunst3 years ago02 mins

There has been a growing trend among investment advisers and broker-dealers to leverage predictive data analytics, artificial intelligence, and similar AI-like technologies in a bid to reap financial benefits and drive down costs. However, with the rise of these sophisticated technologies, concerns about their impact on investors have also emerged. Unlike other tech-focused sectors, investment…

Above the Law

85% of Biglaw Firms Embrace AI as Revealed in ILTA’s 2023 Tech Survey

Pieter Gunst3 years ago03 mins

With the rapid growth of Artificial Intelligence (AI) in various sectors, the world of Biglaw is not far behind. Evidence of this comes from a comprehensive 2023 tech survey recently released by the International Legal Technology Association (ILTA). The survey includes valuable input from 532 law firms representing around 155,452 attorneys. A striking revelation in…

JDSupra

Navigating Challenges: Synthetic SAF’s Path to Commercial Viability in Aviation

Pieter Gunst3 years ago03 mins

In the pursuit of a carbon-neutral future, every industry faces considerable challenges, and aviation is no exception. Large commercial aircraft are responsible for approximately three-quarters of this sector’s carbon dioxide emissions. The concept of batteries light enough to power these immense vehicles over lengthy distances is still far off in the distant future. And even…

Law.com

ABA Grants 32 Law Schools Permission to Adopt JD-Next Exam Over LSAT and GRE

Pieter Gunst3 years ago02 mins

In a continued evolution of its testing policy, the Council of the American Bar Association (ABA) Section of Legal Education and Admissions to the Bar has granted permission to 32 law schools to use the JD-Next examination in place of the conventional Law School Admission Test (LSAT) or the Graduate Record Exam (GRE) for admission…

JDSupra

AI Integration in HR: Ensuring Compliance and Bias-Free Decision-Making in Employment

Pieter Gunst3 years ago03 mins

Of late, a significant spotlight has been positioned upon generative artificial intelligence (AI), more so in varying capacities. However, it’s noteworthy that the use of AI is already widespread in the employment context, particularly in recruitment and promotion screening processes. As corporations and workplaces evolve, losing sight of this reality can be deleterious. Artificial intelligence…

JDSupra

New England States Pioneering Consumer Data Privacy Legislation in the US

Pieter Gunst3 years ago02 mins

With an increasing spotlight on data privacy, both globally and within the United States, several New England states have taken the initiative in considering the adoption of comprehensive consumer data privacy legislation. The norm of sector-specific and activity-specific models for US privacy regulation is undergoing a rapid transformation, reflecting a growing awareness of the significant…

JDSupra

Prague Rules at Five: Assessing Their Impact on Global Arbitration Practices

Pieter Gunst3 years ago02 mins

December 14 of this year will mark the five-year anniversary of the Rules on the Efficient Conduct of Proceedings in International Arbitration, more colloquially referred to as the Prague Rules. These, hailed as transformative by many in the legal world, came to be in the grandeur of the 17th Century Renaissance Martinic Palace in Prague….