Digital Economy

We are Stibbe Digital Economy specialists

Digital Economy

Over the past decade many aspects of our economy have changed due to significant technological developments such as artificial intelligence (AI), blockchain, the Internet of Things (IoT), smart mobility and the rise of digital platforms.

These developments change the way companies do business and in the process raise novel legal challenges. These challenges require a multidisciplinary approach and a thorough understanding of the latest technological developments. The Stibbe Digital Economy Group consists of a team of experienced digital economy experts with various legal backgrounds and provides vital services to clients looking to navigate the digital technology landscape.

Our understanding of these technological advancements, coupled with our in-depth knowledge of all the connected legal areas such as privacy, financial regulatory, competition law, litigation, and employment law, enables us to help our clients in high profile and effective solutions for their digital transformation or digital continuation. Our clients include platform companies, financial institutions, fintech companies, car manufacturers, blue chip companies and start-ups. These clients trust us when it comes to navigating a variety of topics including employment law implications for digital platforms, identifying and addressing liabilities in smart contracts and on the use of PSD2 data in developing new (financial) products.

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07.01.2021 NL law
Do the math: ACM publishes strategy on monitoring use algorithms

Short Reads - The ACM worries that the use of algorithms may lead to the creation of cartels, or nudge consumers towards a purchasing decision that is not in their best interest. Therefore, on 10 December 2020, it published a new policy document (in Dutch) setting out what businesses can expect when the ACM checks their algorithms. On the same day, the ACM also launched a trial with online music library Muziekweb to improve the ACM’s knowledge about the categories of data that are likely to be relevant in such investigations. All signs indicate the ACM’s intention to become more active in this area.

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29.06.2020 NL law
European Banking Federation Guidance on testing of Cloud Exit Strategy

Short Reads - Financial institutions may outsource critical or important functions to cloud service providers (“CSPs”). On 25 February 2019 the European Banking Authority (“EBA”) provided guidelines (the “EBA Guidelines”) laying out the framework for outsourcing arrangements. The EBA Guidelines require institutions to have a comprehensive, documented and sufficiently tested exit strategy (including a mandatory exit plan) when they outsource critical or important functions.

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29.09.2021 NL law
Platformisering, algoritmisering en sociale bescherming: Algoritmes en personeelsselectie

Articles - Recent kwam in de Wolters Kluwer reeks ‘Monografieën Sociaal Recht’ het boek ‘Platformisering, algoritmisering en sociale bescherming’ uit. Dit boek is op verzoek van Instituut GAK samengesteld door academici van de Universiteit Tilburg, onder leiding van Mijke Houwerzijl. Het boek, waaraan dertien auteurs een bijdrage leverden, betreft “sociaaljuridische vraagstukken die zich doen bij de (r)evolutie naar een andere wereld van werk”. Daarbij stonden centraal uitdagingen die gepaard gaan met technologisch aangedreven processen van platformisering en algoritmisering.

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30.09.2020 EU law
A digital transition in the financial services sector

Short Reads - On 24 September 2020, the European Commission (the “Commission”) adopted the Digital Finance Package (the “Package”). The aim of this initiative is to create a competitive EU financial sector that gives consumers access to innovative financial products, while ensuring consumer protection and financial stability. The package includes a digital finance strategy, a legislative framework for crypto-assets, a legislative framework for digital resilience and a retail payments strategy.

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22.07.2021 NL law
Towards a European legal framework for the development and use of Artificial Intelligence

Short Reads - Back in 2014, Stephen Hawking said, “The development of full artificial intelligence could spell the end of the human race.” Although the use of artificial intelligence is nothing new and dates back to Alan Turing (the godfather of computational theory), prominent researchers – along with Stephen Hawking – have expressed their concerns about the unregulated use of AI systems and their impact on society as we know it.

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28.10.2020 EU law
Webinar: Cloud computing in the financial sector

Seminar - On Wednesday 4 November 2020, Marc Spuijbroek and Roderik Vrolijk will host a webinar about cloud computing in the financial sector, which, at the same time, may be relevant outside that sector. This webinar is part of the TMT Masterclasses webinar-series. In this series subjects will be discussed regarding IT, Data or IP, with a focus on current affairs and trends.

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12.05.2020 NL law
Kroniek van het mededingingsrecht

Articles - Wat de gevolgen van de coronacrisis zullen zijn voor de samenleving, de economie en – laat staan – het mededingingsbeleid laat zich op het moment van de totstandkoming van deze kroniek niet voorspellen. Wel stond al vast dat het mededingingsrecht zal worden herijkt op basis van de fundamentele uitdagingen die voortvloeien uit zich ontwikkelende ideeën over het belang van industriepolitiek, klimaatverandering en de positie van tech-ondernemingen en de platforms die zij exploiteren.

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