Managing future disputes risks
Why future disputes risks matter
overview
Disputes risks are an inevitable part of doing business. They can arise quickly and unexpectedly. Businesses with the resources and skills to anticipate and mitigate future risks that may threaten their plans will have a competitive advantage over those that do not.
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Emerging technologies, like AI and virtual reality, are constantly evolving, have the scope to disrupt industries, and do not necessarily fit easily into existing legal regimes. The result is legal uncertainty and increasing disputes risks. AI is approaching the point in the Disputes Risk Tide where it will be under maximum pressure from regulators and other stakeholders. Virtual worlds are not currently at risk of facing the same regulatory onslaught but are having to navigate how old law applies to new tech. Read our latest perspectives to find out the most significant future disputes risks that businesses should consider.
The A&O Disputes Risk Tide
Infographic
The law constantly has to deal with new things. It tends to follow a similar pattern when doing so. This graphic represents the impact of that evolution on the risk of a dispute at a given time. This form is similar to a tidal wave.
Artificial intelligence and virtual worlds
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Andrew Denny
Partner
London
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Increased investment and technological advances have opened up new opportunities to explore and exploit space in a way that has never been possible in the past. The limited extent of the regulatory regimes and legal precedents applicable to those operating in the new “space race” typifies the legal risk landscape that all businesses must navigate when they break new ground. The uncertainty associated with this uncharted legal territory – in addition to the commercial, political and technological risks of operating in space – creates considerable disputes risks. Read our latest perspectives to find out the most significant future disputes risks that businesses should consider.
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