Arbitration Tech Toolbox, Artificial Intelligence, Black Box, Regulations, Technology

(Simmons & Simmons LLP), (Simmons & Simmons), and (FERRERE)/ /Leave a comment

A black box artificial intelligence (“AI”) model is one “created directly from data by an algorithm, meaning that humans, even those who design them, cannot understand how variables are being combined to make predictions” (see a more detailed discussion here). That we do not understand the way an AI reaches its conclusions is creating discomfort…

arbitration rules, Commercial Arbitration, Expedited arbitration, Latin America, Uruguay, Virtual hearings

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As of January 1, 2022, the Conciliation and Arbitration Center of the Uruguayan Chamber of Commerce and Services (“Center”) has new Arbitration Rules (the “2021 Rules”) in force. They apply to cases filed from January 1, 2022 onwards. Following the trend of several other institutions in the region, who updated their rules in 2021, in…