 AI and Legal IssuesGeorgios I. Zekos
Chapter Chapter 10 in Economics and Law of Artificial Intelligence, 2021, pp 401-460 from Springer Abstract: Abstract Al technologies affect the center of private autonomy and its limits, the notion of a contract and its interpretation, the equilibrium of parties’ interests, the structure and means of enforcement, the effectiveness of legal and contractual remedies, and the vital attributes of the legal system of effectiveness, fairness, impartiality, and predictability. The increasing global investments in blockchain technology justify a progressive regulatory adaptation to the altering materiality and so, civil liability and the insurance sector are required to amend and govern an ever-more pressing techno-economic evolution. It is worth noting that adapting existing rules to deal with the technology will need an understanding of the various manners robots and humans respond to legal rules. A robot cannot make an instinctive judgment about the value of a human life. It is argued that the automation of legal services is a manner to enhance access to justice, diminish legal costs, and upgrade the rule of law, which means that these improvements are a democratization of law. There is a shifting role of artificial intelligence in the legal course. Date: 2021 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64254-9_10 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-64254-9_10 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.