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Nov 24, 2024 | 
mondaq.com | Natasha Kohne |Ed Pagano |Hans Christopher Rickhoff |Ryan Thompson
AG
Akin Gump Strauss Hauer & Feld LLP
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Akin is a law firm focused on providing extraordinary client service, a rewarding environment for our diverse workforce and exceptional legal representation irrespective of ability to pay. The deep transactional, litigation, regulatory and policy experience we bring to client engagements helps us craft innovative, effective solutions and strategies.
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Nov 21, 2024 | 
mondaq.com | Natasha Kohne |Hans Christopher Rickhoff |Jenny Arlington |Reggie Babin
The European Union's AI Office published the inaugural
General-Purpose AI Code of Practice on November 14, 2024. The Code
is intended to assist providers of AI models in their preparations
for compliance with the forthcoming EU AI Act, to be enforced from
August 2, 2025. The Code is designed to be both forward-thinking
and globally applicable, addressing the areas of transparency, risk
evaluation, technical safeguards and governance.
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Nov 19, 2024 | 
mondaq.com | Natasha Kohne |Hans Christopher Rickhoff |Jenny Arlington |Reggie Babin
On 14 November 2024, the European Union's AI Office
published the first draft of the General-Purpose AI Code of
Practice (the Code). The purpose of the Code is to help
providers (i.e., developers) of general-purpose AI models (GPAI)
effectively comply with their obligations under the EU AI Act,
which will apply from 2 August 2025.
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Nov 11, 2024 | 
jdsupra.com | Laura Black |Christian Davis |Natasha Kohne
[co-author: Elizah Stein]Key Takeaways On October 29, 2024, the DOJ issued a proposed rule prohibiting and restricting certain transactions that could allow persons from countries of concern, such as China, access to bulk sensitive personal data of U.S. citizens or to U.S. government-related data (regardless of volume).
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Sep 19, 2024 | 
mondaq.com | Natasha Kohne |Hans Christopher Rickhoff |Jenny Arlington |Reggie Babin
Following the publication of the European Union's Artificial
Intelligence Act (AI Act or Act)
on 12 July 2024, there are now a series of steps that various EU
bodies need to take towards implementation. One of the first key
steps is in relation to the establishment of codes of practice to
"contribute to the proper application" of the AI Act.
Article 56 of the AI Act requires that the AI Office facilitate
the drawing up of codes of practice, particularly in relation to
general-purpose AI (GPAI).
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Aug 19, 2024 | 
mondaq.com | Natasha Kohne |Lance Jasper |Michael Asaro |Peter Altman
Judge Engelmayer's 107-page dismissal of most of the U.S.
Securities and Exchange Commission (SEC)'s claims against
SolarWinds provides valuable guidance, and some comfort, for public
companies and Chief Information Security Officers (CISOs). The SEC
lost the bulk of its fraud claims and all of its internal controls
claims in a decision that significantly undermines its reliance on
hindsight to punish alleged deficiencies in cybersecurity programs.
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Aug 2, 2024 | 
mondaq.com | Natasha Kohne |Ed Pagano |Hans Christopher Rickhoff |Reggie Babin
AG
Akin Gump Strauss Hauer & Feld LLP
More
Akin is a law firm focused on providing extraordinary client service, a rewarding environment for our diverse workforce and exceptional legal representation irrespective of ability to pay. The deep transactional, litigation, regulatory and policy experience we bring to client engagements helps us craft innovative, effective solutions and strategies.
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Jun 25, 2024 | 
mondaq.com | Natasha Kohne |Christian Davis |Laura Black |Ryan Dowell
On April 24, 2024, President Biden signed into law H.R. 815, a national security and foreign aid
package which includes the "Protecting Americans' Data
from Foreign Adversaries Act of 2024" ("PADFA"). The
Act establishes new restrictions, as unfair or deceptive acts
regulated by the Federal Trade Commission (FTC), on transfers of
certain personally identifiable sensitive data to foreign adversary
countries and entities controlled by a foreign adversary.
The law will take effect on June 23, 2024.
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May 23, 2024 | 
mondaq.com | Jason Daniel |Natasha Kohne |Barbara Niederkofler
Last week, the Securities and Exchange Commission imposed
expanded privacy and cybersecurity obligations on fund managers and
sponsors registered with the SEC as investment advisers. While many
registered investment advisers will conclude that their existing
policies and procedures already address much of the new
requirements, every adviser will need to assess what, if any, gaps
exist between current practice and these new rulemakings.
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Dec 12, 2023 | 
lexology.com | Davina Garrod |Natasha Kohne |Hans Christopher Rickhoff |Reggie Babin |Jenny Arlington |Ryan Dowell
A ground-breaking, first of its kind, sector agnostic, comprehensive law regulating Artificial Intelligence (AI) was agreed in the European Union on Friday, 8 December 2023, between the European Parliament, Commission and Council. This law, the “EU AI Act,” has extraterritorial scope as it will likely apply to entities which are placing AI systems on the market or putting them into service in the EU, regardless of where they are based or established.
