CBFL Seminar Series: The Use of Algorithms and Artificial Intelligence in Commercial Transactions-Guiding Principles for ‘Algorithmic Contracting’
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- CBFL Seminar Series: The Use of Algorithms and Artificial Intelligence in Commercial Transactions-Guiding Principles for ‘Algorithmic Contracting’
February
09
Thursday
Speaker: | Teresa Rodríguez de las Heras Ballell Visiting Associate Professor, NUS Law & Centre for Banking & Finance Law Associate Professor of Commercial Law, University Carlos III of Madrid, Spain |
Moderator: | Dora Neo Associate Professor and Director, Centre for Banking & Finance Law, NUS Law |
Time: | 4:00 pm to 5:45 pm (SGT) |
Venue: | Lee Sheridan Conference Room, NUS Law Bukit Timah Campus and via Zoom |
Type of Participation: | Open To Public |
Description
Algorithmic and AI-driven automation pervades a growing variety of activities and decision-making processes in the digital economy, ranging from basic tasks (searching, comparing, ordering etc) to more sophisticated processes (recommending, credit scoring, complaint handling etc). The benefits of efficiency, speed, personalization, scalability, and cost-reduction have also encouraged the use of algorithms and AI for contractual purposes throughout the contract life-cycle, for the negotiation, formation and performance of contracts, and in the self-execution of remedies. While benefits are amply recognized, there are challenges and legal concerns that must be addressed in the absence of a clear, consistent, and complete legal framework for ‘algorithmic contracting’. The need to provide legal certainty in the use of algorithms and AI is vital to usher in a new generation of ‘algorithmic contracts’ in international trade. Fostering innovation and unleashing the social benefits and the economic potential of algorithm and AI in contracting require sound guidance for providers, operators, and market actors with a clear and predictable harmonized legal framework. The aim of this seminar is to discuss principles that can work in different legal environments, which can provide inspiration and guidance for policymakers, lawmakers, practitioners and courts.
Fees Applicable
$145.80 (inclusive of 8% GST)
Complimentary for full-time NUS academic staff and students only.
Registration
Registration is closed.
CPD Points
![](/wp-content/themes/nusthemev4/assets/images/SILEv2.png)
1.5
Practice Area: Corporate/Commercial
Training Level: General
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For participants attending the face-to-face activity, this includes signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent from the activity for more than 15 minutes. For those participating via the webinar, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to https://www.silecpdcentre.sg for more information.