
Publication
Training AI models and copyrighted materials
For the first time, a US court has found that copyright was infringed by copying works for the purpose of training an AI legal research tool.
The transition from LIBOR to alternative risk free rates (RFRs) represents one of the biggest changes to the financial services industry, including those providing trust and agency services. There is increasing pressure on market participants from global regulators to take action to address LIBOR transition in both new and legacy transactions. Given the volume of product and processes affected, LIBOR transition will entail considerable work and risk.
As a result of regulator pressure, LIBOR and other benchmark rates are likely to be restructured or abolished by the end of 2021. We want to keep you up to date with key regulatory and industry developments and provide practical tools to help you navigate the challenges the reforms present.
This briefing considers the issues arising from LIBOR transition for administrative agents, collateral agents, trustees, intermediaries and other financial institutions to help you find a solution.
The team tracks financial services regulatory developments. A sample of IBOR updates over the past month includes:
Publication
For the first time, a US court has found that copyright was infringed by copying works for the purpose of training an AI legal research tool.
Publication
Federally regulated employers may soon be required to review and possibly raise pay rates for part-time, seasonal or casual workers under new “Equal Treatment” wage rules.
Publication
Developing high-performance generative AI systems and other AI systems based on machine learning often requires access to vast amounts of data for training (AI training data) and improving their accuracy and performance, and data scraping is an approach that is taken to generate large enough data sets.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025