Today, the European Law Institute (ELI) announced that ELI membership has voted approved ALI-ELI Principles for a Data Economy: Data Rights and Transactions, marking the completion of the first joint project between ALI and ELI. ALI membership voted to approve this project at its Annual Meeting, held in May 2021.
"I have no doubt that the ALI-ELI Principles for a Data Economy will significantly impact the subjects covered on both sides of the Atlantic and beyond, especially as they have already influenced discussions internationally and will undoubtedly continue to do so," said ELI President Pascal Pichonnaz in a letter to project Reporters Christane Wendehorst and Neil B. Cohen, and Chairs Lord John Thomas and Steven O. Weise. "This is certainly an important day that will be remembered given the importance of these Principles."
Excerpted from the ELI press release:
The Principles (Final Council Draft available for free download here), which have already influenced discussions internationally (including work done by the European Commission, the United Nations Commission on International Trade Law (UNCITRAL), the German Data Ethics Commission and the Data Governance Working Group of the Global Partnership on Artificial Intelligence (GPAI), among others), are intended for use in various legal systems, irrespective of the otherwise applicable legal framework and beyond the traditional divide between civil and common law.
The ELI is holding a two-day conference on this project on October 18 and 19. The virtual conference will include panel discussions presenting each Part of the Principles. To learn more about the agenda, speakers, and to register, visit principlesforadataeconomy.org.
ALI would like to thank Reporters Christiane C. Wendehorst and Neil B. Cohen, project Co-Chairs Lord John Thomas and Steven O. Weise, and all project participants for their tireless efforts in producing this much-needed work.