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46 A.L.I. Rep. 1 (2023-2024)

handle is hein.ali/alireporter0046 and id is 1 raw text is: THE ALI Repor er Principles for a Data Economy Is Available ALI-ELI Principles for a Data Economy is a joint undertaking with the European Law Institute (ELI), which, much like the ALI, is a membership- based, independent nonprofit organization with the mission ofproviding guidance on legal developments. The Principles, adopted by both Institutes in 2021, have already reshaped global legal perspectives on data. The project was overseen by two Reporters, one from each organization: Christiane C. Wendehorst ofthe University ofVienna, and Neil B. Cohen of Brooklyn Law School. To help coordinate the work ofthe two institutions, Lord John Thomas of Cwmgiedd, who until recently served as Lord Chief Justice ofEngland and Wales and Steven 0. Weise ofProskauer served as co-chairs ofthe project. The law governing trades in commerce in the United States and in Europe has historically focused on trade in items that are either real property, goods, or intangible assets such as shares, receivables, intellectual property rights, licenses, etc. With the emergence of the data economy, however, tradeable items often cannot readily be classified as such goods or rights, and they are arguably not services. They are often simply'data.'