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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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The march to regulatory change for artificial intelligence: the commonalities between the EU and US (Eversheds Sutherland)

By Eversheds Sutherland

The EU AI Act is hotly anticipated as being a benchmark AI law that other jurisdictions might look towards when developing their own laws (much like GDPR has become a standard upon which some other countries’ own laws are based). First, much like the GDPR in terms of impact, the EU AI Act will have an extra-territorial scope, extending to providers and users of AI outside the EU where the output is used in the EU. Secondly, the Act does lay down fixed penalties for certain infringements of the Act, the highest fine being 30,000,000 EUR or 6% of a company’s total worldwide annual turnover (3% in the case of an SME or start-up) for non-compliance with the prohibitions of AI practices.

Docket Article

Steering the ESG Shift

By
Reprint of China Business Law Journal article by Mike Madden to link to A Look Back, A Path Forward My Take piece.... TEASER: INVESTOR FOCUS on environmental, social and governance-related (ESG) issues is intensifying, says ACC Chair Mike Madden in this piece in the China Business Law Journal. #ACCDocket #ESG #EnvironmentalSocialGovernance #ACCAustralia
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