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46 A.L.I. Rep. 1 (2023)

handle is hein.ali/alireporter0046 and id is 1 raw text is: 


           T HE ALl




Reporter


   THE QUARTERLY  NEWSLETTER  OF THE AMERICAN LAW  INSTITUTE




















Principles for a Data


Economy Is Available

ALI-ELI Principles for a Data Economy is a joint undertaking with the
European Law Institute (ELI), which, much like the ALI, is a membership-
based, independent nonprofit organization with the mission of providing
guidance on legal developments. The Principles, adopted by both Institutes
in 2021, have already reshaped global legal perspectives on data.

The project was overseen by two Reporters, one from each organization:
Christiane C. Wendehorst of the University of Vienna, and Neil B. Cohen of
Brooklyn Law School. To help coordinate the work of the two institutions,
Lord John Thomas of Cwmgiedd, who until recently served as Lord Chief
Justice of England and Wales and Steven O. Weise of Proskauer served as
co-chairs of the project.

The law governing trades in commerce in the United States and in Europe
has historically focused on trade in items that are either real property, goods,
or intangible assets such as shares, receivables, intellectual property rights,
licenses, etc. With the emergence of the data economy, however, tradeable
items often cannot readily be classified as such goods or rights, and they are
arguably not services. They are often simply 'data.'


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