Jan 162025

2025 Will Be a Brave New Tokenized World

Andrew J. Sioson, Lilya Tessler and Erika Cabo

Tokenization of real-world assets (RWAs) is revolutionizing the way we perceive and manage assets. “Tokenized RWAs,” or more simply the digital representation of physical or intangible assets using a token recorded on a blockchain, allows for the efficient recording, trading, transferring, and managing of tangible assets in a digital format.

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Dec 162024

EU AI Act: Are You Prepared for the “AI Literacy” Principle?

AI, Digital, Enforcement, EU, Generative AI, International, Legislation, Policy, Privacy, Regulatory

Francesca Blythe, Lauren Cuyvers and Matthias Bruynseraede

The EU AI Act is the world’s first horizontal and standalone law governing the commercialization and use of AI, and a landmark piece of legislation for the EU. Among the various provisions of the EU AI Act, the “AI literacy” principle is an often overlooked but key obligation which requires organizations to ensure that staff who are involved in the operation and use of AI have the necessary skills, knowledge and understanding to adequately assess AI-related risks and opportunities (e.g., through training and hiring staff with the appropriate background and skillset). This obligation – which applies from February 2, 2025 – is one of the few obligations under the EU AI Act that applies to all AI systems i.e., irrespective of the level of risk that the AI system presents. Indeed, by introducing AI literacy as one of the first provisions of the AI Act (Article 4), the EU legislators appear to underscore the significance of this requirement.

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Apr 162024

EU Formally Adopts Cyber Law for Connected Products

Connected Devices, Cyber, Digital, Enforcement, EU, International, IoT, Legislation, Regulatory

William RM Long, Lauren Cuyvers and Subhalakshmi Kumar

On 12 March 2024, the European Parliament approved the EU Cyber Resilience Act (“CRA”) with a large majority of 517-12 votes in favor of the legislation (with 78 abstentions). The CRA aims to ensure that “products with digital elements” (“PDE”) i.e., connected products such as smart devices, and remote data processing solutions, are resilient against cyber threats and provide key information in relation to their security properties.

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Dec 52023

Agreement Reached on the EU’s Data Act

Cloud Computing, Data Sharing, Digital, Enforcement, EU, International, Legislation, Regulatory

Francesca Blythe, Lauren Cuyvers and Mhairi Caminiti

On 27 November 2023, the Council adopted the final text of the Data Act which facilitates (and in certain cases, mandates) the access to (personal and non-personal) data. The Data Act was originally proposed by the European Commission in 2022. Alongside the EU Data Governance Act (which came into force in June 2022) the Data Act forms part of the EU’s Data Strategy which aims to “make the EU a leader in a data-driven society”. (more…)