Regulate

Supreme Court Leans Toward Approval of Legislation to Regulate TikTok Sales and Bans

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Washington — The U.S. Supreme Court appears poised to support a new regulation that could either facilitate the sale of the popular video-sharing app TikTok or ban it entirely in the United States. This development comes amidst escalating concerns about national security and data privacy issues related to the Chinese-owned platform. TikTok, which has captured the imaginations and screen time of millions of Americans, especially teenagers, has been under scrutiny due to fears that user data could potentially be accessed by the Chinese government. Legislators argue that safeguarding this data is crucial for national security. … Read more

Federal Judge Denies SEC’s Bid to Regulate Corporate Cybersecurity in Landmark SolarWinds Case

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NEW YORK — In a landmark decision, a federal judge in Manhattan ruled against the Securities and Exchange Commission’s (SEC) attempt to regulate corporate cybersecurity practices, settling a significant lawsuit centered around the extensive SolarWinds cyberattack. U.S. District Judge Paul A. Engelmayer concluded that the current statutory framework provides the SEC authority only over financial controls, not the broader scope of internal cybersecurity measures. This ruling came amid fears from various business sectors concerned about potential penalties from the SEC following breaches, particularly those executed by sophisticated hacking groups. Companies worried that stringent regulatory oversight … Read more

Landmark Approval: US Judicial Panel Introduces Groundbreaking Rule to Regulate Federal Mass Tort Cases

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WASHINGTON (AP) — A judicial panel in the United States has approved a groundbreaking rule to regulate federal mass torts, marking a significant step forward in the legal arena. The rule, which is set to take effect in 2024, aims to streamline and consolidate the handling of mass litigation cases involving numerous plaintiffs across multiple federal courts. The approval of this rule comes as a response to the growing concern over the complexity and inefficiency of managing mass torts. Currently, cases involving similar claims but scattered across multiple jurisdictions often face logistical challenges and inconsistencies … Read more

EU Takes Groundbreaking Step to Regulate Artificial Intelligence, but Critics Cite Concerns over Tech Monopolies and Loopholes

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Brussels, Belgium – The European Union (EU) has taken a significant step by introducing groundbreaking legislation to regulate artificial intelligence (AI). While some argue that the measures are insufficient, others warn that they could impose undue restrictions on companies operating in the AI sector. In response to the rapid advancements in AI, EU policymakers have been proactive in issuing rules and guidance for tech companies. This week, the European Parliament unanimously approved the Artificial Intelligence Act, which adopts a risk-based approach to ensure compliance with the law before AI products are made available to the … Read more