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Sep 27, 2023
The rise in popularity of generative artificial intelligence (‘generative AI’) has ignited the discussion on whether junior employees can be replaced by it. Some have gone to the extent of questioning whether professionals, such as lawyers, can also be replaced by generative AI. Is it wise to replace junior employees or lawyers with generative AI? What factors should be considered before deploying generative AI tools in your business? To consider these questions, we first need to understand the basic workings of generative AI and what it can offer. Fundamentally, AI is intelligence that is not biological. The general understanding is that machines will be ascribed with this intelligence. These machines have the ability to interpret, learn from and process external data in a way that is similar to the capabilities of the human mind. Generative AI is a type of AI program that generates content from a data set. It uses deep learning, a type of machine learning system that behaves like a neural network to simulate the functions of a human brain. In other words, it can mimic human intelligence by exhibiting analytical skills to create new content. Not only can generative AI be utilised in chatbot programs to create text, but it can also be used in programs that can create images, sound or videos. This article will consider two major forms of generative AI, in the context of risks to businesses: chatbots using generative pre-trained transformer technology programs; and image generating programs.
Annual IBA Latin American Regional Forum Young Lawyers' Training Programme
In Italy, for over 25 years, the reform of private international law has exceeded so-called ‘judicial nationalism’ in favour of a wide recognition of decisions issued abroad.
It should be emphasised that the reform of private international law has also resulted in an extremely innovative solution over that period, that is, the overcoming of that now obsolete rule which obliged foreign judgments to exequatur before being effective within the Italian territory.
Reimagining Remedy: The view from the bench
Jul 21, 2022
The article analyses the validity of earn-out clauses and the legitimacy of the provision of a purely symbolic price in sale and purchase agreements.
Troubled times can spell increased obstacles to finding an agreement on price. This panel will first focus on some of the tools that can help to bridge the gap between a buyer and seller’s expectations and needs on price, while acknowledging that these solutions can raise their own challenges. For example, as one court noted, an ‘earn-out provision converts today’s disagreement over price into tomorrow’s litigation over the outcome’. The panel will thus also dig into how to draft and negotiate these necessary, but hazardous, tools.
11th IBA European Corporate and Private M&A Conference
After the failure of the consumer’s class action provided under the Italian Consumer Code, the reform of the discipline – to be in force in May 2021 – is expected to stimulate the utilisation of the collective redress instrument.
This session will explore key issues in wellbeing for law students and early practitioners, as well as how law schools and trainers can ensure they are managed appropriately. The issues will include, inter alia: incivility; the virtual work/study environment; diversity and inclusion; instilling work ethic; loyalty and commitment; and internships.
IBA Annual Conference Mexico City 2024
Oct 11, 2024
A summary of the IBA Aviation Law Committee’s activities at the IBA Annual Conference in Mexico City from 15–20 September 2024.
This session will explore the growing role of sustainable finance in Latin America as a tool to achieve the sustainability development goals (SDGs), focusing on the challenges and opportunities it presents for both public and private sectors in emerging markets. We will discuss the evolving regulatory landscape, the innovative financial instruments aimed at promoting ESG (green and social bonds, sustainability-linked bonds, etc.), the participation of traditional financial institutions in the sustainable finance market, the impact of international standards on local markets, the importance of a common taxonomy, regulatory and market incentives, and the relevance of disclosure practices.
The discussion will address how Latin America is designing strategies to achieve the SDGs, the role of lenders, investors, and companies in driving change, and the prospects of sustainable finance.
Biennial IBA Latin American Regional Forum Conference: The Road to 2030 in Latin America
May 20, 2022
The war in Ukraine has brought an awareness of the extremely dire consequences of corruption. Global Insight examines the dangers of leaving legal systems open to abuse by the rich and powerful
The IBA basics on arbitration
By Yi-An (Ann) Lai. Alipay and the impact of e-payment systems resulting in new regulations in China and other jurisdictions.
A number of studies point out that senior level women lawyers leave their firm, but not many such studies explain very well the reason why it happens and how we can prevent it. One of the reasons could be challenges of women lawyers in business development. This panel will introduce the concept of equity procurement, and relevant issues such as its pros and cons, as well as how it works at law firms, in collaboration with the Women Lawyers‘ Committee. One of the roles of the IBA is serving as a platform for business development (or procurement), and it is essential for the IBA and the D&I Council to seek more diverse and inclusive solutions to the issue.
IBA Annual Conference Paris 2023
Feb 17, 2023
This article will outline the development of China’s restrictions on the cross-border transfer of personal information (PI export), detailing PI export mechanisms provided by the Personal Information Protection Law. It will also explain the practical implications of the restrictions.
In the current global deal environment, nationalism and protectionism are flourishing and the parties must anticipate interference from national or supranational authorities, often with political agendas. This panel of leading global deal lawyers will focus on strategies to deal with the uncertainties imposed including unpredictable outcomes, delayed timing and generally increased risks. A particular emphasis on what we have learned the hard way - case studies of recent tricky transactions – will be employed.
IBA Annual Conference Miami 2022
Jan 17, 2024
The impact of the Covid-19 pandemic is still reverberating across multiple areas of law, from procurement to employment. Global Insight assesses how the experience will prepare us – and the law – for future pandemics.
Many lawyers are active in the IBA because they want to make an impact on legal issues as well as on public policy issues affecting their practice areas. This is an interactive session on key projects of the Bar Issues Commission and the Legal Policy and Research Unit which span a wide range of areas from legal ethics (the ‘Gatekeepers’ project), climate and gender representation, to artificial intelligence, legal tech competence and professional wellbeing.
This is an opportunity for you and for your Committee, firm, bar or organisation to participate, voice your thoughts and apply innovative ideas for potential future collaborations.
IBA Annual Conference Paris 2023
This Oxford Union-style panel will delve into two issues, with one panellist defending the motion and the other rebutting it.
The first motion will be: ‘this house believes that international arbitral tribunals should rely more frequently on tribunal-appointed experts’ evidence’. While in some jurisdictions it is common practice for courts and arbitral tribunals to heavily rely on tribunal-appointed experts, in international arbitration this is rarely the case and the evidence gathering relating to complex technical and quantum issues is generally left to the parties and the party-appointed experts. During the motion the panellists will discuss the pros and cons of the two approaches.
The second motion will be: ‘this house believes that foreign investors receive adequate protection from investor-state arbitration when investing in Latin America’. Many Latin American states have gone through important political and regulatory changes over the last few years. Moreover, the only states that have denounced the International Centre for Settlement of Investment Disputes (ICSID) Convention so far come from the region. During the motion, the panellists will discuss the level of protection that foreign investors can encounter in Latin America.
IBA Arb40 Symposium – new horizons in international arbitration
Jan 12, 2024
In this session at the IBA Annual Conference in Paris, a group of experts from various backgrounds addressed topics such as doping, bribery, governance and social responsibility, and offered a comprehensive examination of the complex issues plaguing the world of sport.
This panel will be a deep dive into the latest trends in private equity buyout funds. Panellists will discuss current hot-button negotiation points for General Partners (GPs) and Limited Partners (LPs) and where the market is moving on economic, governance and other fund terms.
23rd Annual International Conference on Private Investment Funds
Jan 13, 2025
The IBA’s Criminal Law Section (made up of the Criminal Law, Business Crime, Anti-Corruption and Asset Recovery Committees) has closed 2024 with another successful conference; this time in Mexico City, where around 5,000 delegates gathered to exchange ideas, discuss the latest hot topics in the legal world and – of course – experience Mexican food, music and culture (including a memorable trip to a Lucha Libre wrestling competition).
IBA Young Lawyers M&A Forum 2025
May 21, 2024
The 26th Transnational Crime Conference, which took place between 8–10 May 2024 in Milan, Italy, was a resounding success. In fact, it has become the most well-attended international criminal law conference in the IBA’s history!
In this session, seasoned mergers and acquisitions (M&A) experts will share lessons learned regarding financial mechanisms that tend to work well in M&A deals and pitfalls that may be encountered along the way.
The session will cover issues including:
• Contractual options for managing changes in the financial condition of a target prior to closing;
• pros and cons of these options from buy- and sell-side perspectives;
• current trends in adjustment mechanisms; and
• sample cases illustrating the practical application of different mechanisms.
IBA Annual Conference Mexico City 2024
Real estate industry representatives and lawyers from various jurisdictions will discuss the future trends and tools for real estate in a post-pandemic world, including:
- Tokenization of real estate projects and commercialization through crypto currencies.
- Metaverse as a new submarket in the global real estate market? What are the real perspectives for this incipient new world?
- Suburban vs urban areas
- Conversion of downtown areas (former office areas) into residential areas
- What to bear in mind in new office developments. Lessons learned from the pandemic
- New trends in the residential market; Co-living & sharing tendency that emerges in follow-up of the co-working, analyzed from a leisure/hospitality perspective
- Hotels’ new developments and trends
- Shopping centers vs. strip stores vs. online commerce.
IBA Annual Conference Miami 2022
Mediation skills for building and keeping franchise relations
This is one of the most popular sessions organised each year by the Arbitration Committee, which examines the latest trends in the international arbitration practice.
IBA Annual Conference Paris 2023
World Intellectual Property Day: women and IP
Pitching for business is both an art and a science, yet few are formally trained in the skill as a lawyer. In this live pitch session, two teams (comprising of lawyers from different jurisdictions) will make a pitch for a deal mandate to a panel of general counsels. This panel will discuss the key elements of a successful mergers and acquisitions (M&A) pitch.
Mergers and Acquisitions in India: a key engine to the USD 30 trillion goal
In this session we will consider a myriad of global legal issues including restructuring, employee consultation and communication, employee integration and cultural issues.
IBA Annual Conference Mexico City 2024
Arb40 Symposium - Unfolding the future of international arbitration: substantive challenges and the rise of a new model
YoungLawyersMultinational companies often need to team up with external counsel to address the complex issues that arise in today’s modern economy. A solid working relationship between in-house counsel and law firms can be a crucial element for a company’s long-term success. When is external counsel needed? How are they selected? What do in-house counsel expect from the law firms they hire? What kind of billing arrangements, training, and communication requirements facilitate a smooth working relationship? How do both sides view the pros and cons of secondments? What are hot topics in this area (e.g., cross-border data privacy, corruption prevention efforts, cultural differences, ethics, etc.)? This panel of corporate counsel, government lawyers, and law firm attorneys will provide insights on these questions.
IBA Annual Conference Miami 2022
Lawyers’ work touches almost every aspect of citizens’ lives. The legal profession plays an important role in upholding the rule of law, the laws of the land , seeking to limit Government excesses and defending freedom of speech . All essential elements in a strong democracy. Unfortunately, the value of the rule of law and of lawyers’ work is invisible and too often goes unnoticed. To remedy this situation, the IBA launched in June a landmark report giving visibility by measuring for the first time, in a comprehensive manner, the positive social and economic impact of the legal profession and of the Rule of Law. The report has also identified areas for improvement.
This Presidential session will offer an open debate about the role of lawyers and our contribution to society. The session will start with a short presentation by McKinsey of the main findings of the report followed by a conversation amongst the speakers and the audience, who may participate in the discussion with comments and questions.
IBA Annual Conference Mexico City 2024
Challenges for corporate tax counsel (2024)
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