Regulating Uncertainty (LAW-RT-REGUNC-24)

LAW-RT-REGUNC-24

Description

This seminar explores how legal institutions account for the uncertainty factor. To that end, it outlines three types of uncertainty.
First, science-based industries and dynamic markets pose challenges to regulators by creating (A) technological uncertainty – i.e., a limited understanding of how a new technology operates, what role it plays in follow-on technical development, and how it impacts society.
Second, regulating in a context of technological uncertainty often leads to (B) legal uncertainty – i.e., the presence of entitlements with unclear scope, conflicting rules, and unforeseeable legislative changes and judicial interpretations.
Third, (C) unforeseeable or limitedly foreseeable events, such as natural disasters, pandemics, armed conflicts, or economic and financial shocks, pose challenges to regulators and necessitate the development of legal institutions limiting their effects.

In four sessions, the seminar will discuss how four regulatory regimes tackle these types of uncertainty.

The selected case studies include
i) copyright laws and AI;
ii) patent institutions;
iii) competition law;
v) financial regulation.


First, Second & Third Term: registration from 26 to 30 September 2024