April 25, 2018
Europe favors a responsible Digital Single Market

The European Commission launched the 3rd Data Economy Package aiming to assess emerging data issues to ensure a fair Digital Single Market. Also, the Communication on Artificial Intelligence (AI) was released – the EU’s first step to look at the ethical questions surrounding AI.

BusinessEurope Director General Markus J. Beyrer commented: “Comprehensive assessment is a good approach to foster digital technologies. Not every technological advance needs to be followed by legislation, only real market failures should be legislated for. The existing liability framework is fit for purpose. Although completely autonomous systems could need adapted rules in the future – we are not there yet. We need a balanced approach for the access of data. Openness is essential for the development of the digital economy, at the same time it is crucial that investments are protected. In our Digital Single Market, we prefer having contractual solutions because a number of parties with various roles are involved in the provision of digital services.”

Regarding the Communication on Artificial Intelligence, Beyrer said: “Promoting investment in Artificial Intelligence technologies is essential to realize the full economic and societal benefits they derive. At the same time, we need trust in new technologies. That is why we are supporting the Commission in setting up its high-level expert group on these topics. It is important to have dialogue with all actors on the variety of challenges AI poses to ensure its responsible roll-out.”

While the Commission is promoting AI in Europe through this Communication, it is also hampering it through continued support of the ePrivacy proposal. This urgently needs a re-think in all institutions.

Source: BusinessEurope

April 25, 2018

Open the digital door and bring EU company law into 21st century

The European Commission published its EU Company law upgraded Package which aims to facilitate companies’ use of digital technologies, specifically focusing on digital tools which allow creation of a new company in another EU country, communicating company data and performing cross-border mergers, divisions and conversions.

BusinessEurope Director General Markus J. Beyrer made the following comment: “We need to open the digital door to authorities. More than a third of all EU Member States still do not allow to create a company using digital tools whilst this is becoming a reality outside Europe. It’s essential for entrepreneurs to move faster in this highly competitive and increasingly connected business environment. We see today’s proposal as an opportunity to finally bring EU Company law into the 21st century.”

On the proposals regarding mobility of companies, Beyrer said: “For decades companies have been waiting to fully benefit from their fundamental freedom of establishment within the European Single Market. Finally, this empty space in EU law will now be filled with new legal frameworks on divisions and conversions of companies. We welcome this important step, but it is important to avoid creation of additional obstacles for companies. We need to facilitate cross-border operations and establish safeguards to ensure trustworthiness, at the same time avoiding overburdening check-ups.”

Source: BusinessEurope

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