AI Around the Globe: What to Know in 2024
Impact of environmental, social and governance agenda on tax
Suzanne Folsom & Christopher Burnham on Private Sector Lessons
The United Nations Environment Programme Finance Initiative has published a 2024 progress report produced by the Net-Zero Banking Alliance. Launched in 2021, the NZBA is a bank-led alliance of 144 banks globally voluntarily...more
U.S. Fintech and Crypto Companies Continue Crypto Product Launches - According to recent reports, a major U.S. fintech and payments company has launched support for USDC payments, enabling U.S. businesses to accept USDC on...more
The United Nations’ “Governing AI for Humanity” report published in September underscores existing guidance addressing the rapid advancements in artificial intelligence but also adds a focus on the need for a global...more
Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more
This is the ninth installment in a series of articles intended to provide the reader with a very high-level overview of the Occupational Safety and Health (OSH) Act of 1970 and the Occupational Safety and Health...more
China has long maintained that trade sanctions imposed unilaterally by one or more countries outside the scope of the United Nations Security Council, where China enjoys veto power as one of the five permanent members, are...more
The US has pivoted in its stance on the global management of plastic production and pollution, with significant potential impacts for industry. The shift comes amid ongoing negotiations toward a UN treaty aimed at addressing...more
On August 7, 2024, after three years of negotiation, the United Nation’s Ad Hoc Committee to Elaborate a Comprehensive International Convention on Countering the Use of Information and Communications Technologies for Criminal...more
In continuing with the Biden-Harris Administration's goal to combat plastic pollution, on July 19, 2024, the Interagency Policy Committee on Plastic Pollution and a Circular Economy (IPC)1 released a new joint strategy to...more
In the quest for a sustainable future, the United Nations’ Sustainable Development Goals (SDGs) represent goalposts, albeit lofty ones, that countries can aim for. These 17 interconnected goals address pressing global...more
The Tribunal confirmed that States party to UNCLOS must take measures to prevent marine pollution caused by climate change, on top of their obligations under the Paris Agreement. On 9 April 2024, the International...more
Artificial intelligence (AI) has made enormous strides in recent years and has increasingly moved into the public consciousness. Increases in computational power, coupled with advances in machine learning, have fueled the...more
The 60th sessions of the United Nations Framework Convention on Climate Change Subsidiary Body for Implementation and Subsidiary Body for Scientific and Technological Advice from 3 to 13 June 2024 in Bonn, Germany (the "Bonn...more
Earlier this year, the OECD observed there has been a significant increase in global wealth inequality over the last two decades. It also acknowledged that “taxation is a key instrument . . . that governments have at their...more
On March 21, 2024, the United Nations (UN) adopted a landmark resolution on the promotion of “safe, secure and trustworthy” artificial intelligence (AI) systems. The UN’s resolution contains a “comprehensive vision” for how...more
1. Leasing provider liable for behavior of car dealership employees in court case relating to vehicle purchase option after end of leasing agreement - When a customer decides to lease a vehicle offline, the first point of...more
The UN General Assembly has adopted a landmark resolution focusing on the safe, secure, and trustworthy use of Artificial Intelligence (AI). This resolution, led by the United States and supported by over 120 Member States,...more
The United Nations unanimously adopts a landmark resolution mapping a path for international cooperation on AI, and the Financial Stability Oversight Council announces a two-day conference exploring the benefits and risks of...more
On October 1, 2023, Japan became the twelfth nation to ratify the United Nations Convention on International Settlement Agreements Resulting from Mediation (the “Singapore Convention”). Pursuant to Japanese domestic...more
International Women’s Day (IWD) is an annual global day celebrated on March 8th to recognize women’s social, economic, cultural, and political achievements. It also serves as a call to action to accelerate gender parity....more
Almost six years have passed since the introduction of the UK Sanctions and Money Laundering Act, and two years since Russia's invasion of Ukraine, which was a watershed moment for the UK sanctions regime. Against the...more
The executive order signed by United States President Joseph Biden in February 2024 states that the violence being committed by Israeli settlers has reached intolerable levels; poses a serious threat to peace, security, and...more
The author recently handled a civil lawsuit in which the plaintiff was a foreign company and the defendant was a Chinese company, and the contract stipulated that the dispute arising thereof should be resolved through...more
International Geneva – A global governance ecosystem of over 40 international organizations, 178 country representations and 700+ non-governmental organizations....more
The United States Pipeline and Hazardous Materials Safety Administration (“PHMSA”) addressed in a November 30, 2023, interpretive response a question regarding the Hazardous Materials Regulations (“HMR”) application to...more