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  • Commercial Law
  • Corporate Governance
17 Sep 2019
1 min to read

Call for Proposals: Corporate & Organizational Decision-Making

Iris Wuisman | Jean-Pierre van der Rest | Jan Adriaanse | Reinout Vriesendorp

The Business & Liability Research Network (BLRN)—a partnership between the Company Law department and the Business Studies department of the Leiden Law School—is launching its call for proposals...
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OBLB categories

  • Financial Regulation
06 Aug 2019
4 min to read

Regulatory Technology: Eight Policy Recommendations

Eva Micheler | Johannes Jiang

Recent advances in computer science make it possible to develop technology to facilitate the delivery of regulatory requirements. This technology is referred to as ‘regulatory technology’ or ‘RegTech...
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OBLB categories

  • Commercial Law
25 Jul 2019
2 min to read

How Shall We Regulate Autonomous Machines?

Horst Eidenmüller, St Hugh's College

Machines powered by artificial intelligence (AI) are on the rise. In many use cases, their performance today already exceeds human capabilities. Building on a prior OBLB post, I explore fundamental...

OBLB categories

  • Commercial Law
  • Corporate Governance
05 Jun 2019
4 min to read

Dysfunctional Design and Autocratic Corporate Governance via AI

Alan Dignam

In mid 2017, having paid little attention to Artificial Intelligence (AI) beyond noticing that it had replaced “globalisation” as the focus of ambitious middle class conversation, my inbox started to...

OBLB categories

  • Commercial Law
  • Financial Regulation
16 Apr 2019

LSE Conference on Technology in Finance, Law and Regulation

Eva Micheler | Jon Danielsson

This conference explores the use of technology in financial markets from the perspectives of finance, law and regulation. The event covers payment systems, cryptocurrencies and property law, digital...

OBLB categories

  • Commercial Law
11 Feb 2019

Title 2.0: Discrimination Law in a Data Driven Society

Bryan Casey

More than a quarter century after civil rights activists pioneered America’s first ridesharing network during the Montgomery Bus Boycott, the connections between transportation, innovation, and...

OBLB categories

  • Commercial Law
  • Financial Regulation
21 Dec 2018

Video: Big Data and Discrimination

Talia Gillis | Jann Spiess

For many financial products, such as loans and insurance policies, companies distinguish between people based on their different risks and returns. However, the ability to distinguish between people...
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OBLB categories

  • Commercial Law
  • Financial Regulation
01 Nov 2018

Law and Autonomous Systems Series: Algorithmic Credit Scoring and the Regulation of Consumer Credit Markets

Nikita Aggarwal, Brasenose College

Recent advances in machine learning (ML) and Big Data techniques have enabled the development of more sophisticated, automated consumer credit scoring models—a trend referred to as ‘algorithmic...

OBLB categories

  • Commercial Law
  • Corporate Finance
  • Corporate Governance
  • Financial Regulation
04 Sep 2018

How Blockchains Increase Artificial Responsibility

Adam Kolber

There has been an explosion of articles in the popular press about the dangers of artificial intelligence (‘AI’). Some fear that machines with human-like intelligence could someday develop goals at...

OBLB categories

  • Commercial Law
  • Competition/ Antitrust
10 Aug 2018

Robot Liability: How Does it Feel to be Hit by an ePerson?

Gerhard Wagner

The arrival of robots, autonomous software agents and so-called 'Internet of Things'-devices challenges existing liability systems. While the operation of legacy products was mostly in the hands of...

OBLB categories

  • Commercial Law
09 Jul 2018

Law and Autonomous Systems Series: What is a Smart Contract?

Philipp Paech

The term ‘smart contract’ refers to computer code that is designed automatically to execute contractual duties upon the occurrence of a trigger event. Referring to a 1997 paper by Szabo, the simple...
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OBLB categories

  • Commercial Law
07 Jun 2018

Digital Personhood? The Status of Autonomous Software Agents in Private Law

Gunther Teubner

Autonomous software agents already today are attributed social identity and the ability to act under certain conditions. Due to action attribution in economic and social contexts, they have become...

OBLB categories

  • Commercial Law
01 Jun 2018

Law and Autonomous Systems Series: How to Resolve Smart Contract Disputes - Smart Arbitration as a Solution

Mateja Durovic

Recent developments in 'smart' digital technologies, in particular blockchain technology, are changing and challenging the framework in which business is conducted. A prominent feature of the...

OBLB categories

  • Commercial Law
25 May 2018

Law and Autonomous Systems Series: Defining Smart Contracts - The Search for Workable Legal Categories

Riccardo de Caria

This blog post tackles the problem of defining smart contracts. In particular, it reviews the existing definitions of smart contracts in some of the main laws enacted and scholarly articles published...

OBLB categories

  • Commercial Law
24 May 2018

Law and Autonomous Systems Series: Paving the Way for Legal Artificial Intelligence – A Common Dataset for Case Outcome Predictions

Felix Steffek | Ludwig Bull

This article provides an overview of our current project, which aims to contribute to artificial intelligence (AI) research in law. We are preparing a standardised dataset of 100,000 US court cases...
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OBLB categories

  • Commercial Law
15 May 2018

Rethinking Explainable Machines: The Next Chapter in the GDPR's 'Right to Explanation' Debate

Roland Vogl | Ashkon Farhangi | Bryan Casey

Whether on private social networks or in public sector courtrooms, machine learning applications are witnessing unprecedented rates of adoption due to their ability to radically improve data-driven...

OBLB categories

  • Commercial Law
  • Financial Regulation
04 May 2018

Law and Autonomous Systems Series: Consumer Finance 3.0 - Behavioural Insights, Big Data and Digital Technologies

Geneviève Helleringer, Institute of European and Comparative Law

There are important behavioural reasons why financial consumers tend to make suboptimal financial decisions, and financial firms are often in a position to exploit them. So far, however, well-meaning...

OBLB categories

  • Commercial Law
27 Apr 2018

Law and Autonomous Systems Series: Automated Decisions Based on Profiling - Information, Explanation or Justification? That is the Question!

Lokke Moerel | Marijn Storm

Within the academic community, the EU General Data Protection Regulation (GDPR) has triggered a lively debate regarding whether data subjects have a “right to explanation” of automated decisions made...
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OBLB categories

  • Commercial Law
26 Apr 2018

Down by Algorithms? Siphoning Rents, Exploiting Biases and Shaping Preferences – The Dark Side of Personalized Transactions

Horst Eidenmüller, St Hugh's College | Gerhard Wagner

The rise of big data and artificial intelligence creates novel and unique opportunities for B2C transactions. Businesses assemble or otherwise gain access to comprehensive sets of data on consumer...

OBLB categories

  • Commercial Law
  • Corporate Governance
18 Apr 2018

Law and Autonomous Systems Series: Biometric data-matching risks and the rise of self-sovereign identity

Alan Morrison

Reporters are in the habit of looking at emerging technologies in isolation when describing their benefits, and that’s certainly the case with biometrics, blockchains, smart contracts, artificial...

OBLB categories

  • Financial Regulation
11 Apr 2018

Law and Autonomous Systems Series: Innovation without Authorisation? The Regulatory ‘Black Box’ of Cryptocurrencies in China

Mimi Zou, St Hugh's College

A ‘black box’ can be described as a system in which the observable elements entail inputs and outputs, but without any understanding of its internal workings. In other words, the black box is opaque...

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