In this week’s NLJ, Bamdad Shams, professor of management practice in business law at ESSEC Business School and a lawyer at the Paris Bar, sets out some practical strategies for legal advisers.
The stakes are high—the penalties for non-compliance with the EU AI Act include fines of up to €35m or 7% of global annual turnover. Lawyers must ensure businesses maintain detailed documentation and are prepared for audits.
Shams writes: ‘Navigating these differing regulations is essential for businesses employing AI in both jurisdictions. They may encounter stricter EU documentation requirements while addressing sector-specific issues with UK regulators. Additionally, the UK’s focus on transparency and algorithmic bias aligns with [President Emmanuel] Macron’s vision, but may face challenges fitting within broader EU initiatives.’
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