New Delhi: BML Munjal University, through its Law School, today unveiled its Center for Law, Regulation and Technology (CLRT). The launched platform exemplifies the University’s philosophy of enabling students to navigate the myriad of impacts of technology on socio-economic activities. The CLRT aims to contribute to political discourse through interdisciplinary research and brings together the voices of regulators, academia, industry, policy makers and civil society. The CLRT, under the leadership of the Faculty of Law, also hosted a two-day virtual conference titled “Unfair Trading Practices of E-Commerce Platforms and the Need for Ex ante Regulation for Digital Markets in India” on 4 and December 6, 2021 respectively. Prof. Sudhir Krishnaswamy, Vice-Chancellor, National Law School of India University, Bangalore delivered the opening speech at the conference.
As nations around the world struggle to harness the benefits of modern technology in Industrial Revolution 4.0, while trying to minimize its adverse effects through an optimal legal and regulatory framework, India is also seeking a appropriate model to ensure digital justice and efficiency. markets. Post-pandemic movement restrictions have particularly highlighted the potential and risks of the technology, including its effects on the legal profession itself. Law firms and courts are investing in technology to run cases, power research, and draft contracts. Such changes challenge traditional ways of delivering legal education. Recently, the University conducted a study on ‘Reshaping Legal Studies Curriculum for the Digital World’ by capturing key voices from the profession and academia, which echoed an urgent need to rethink the curriculum for the digital world. studies taking into account the changes brought about by technology. This has reinforced the need for increased adoption of technology in the legal profession and, therefore, in legal education. Prospective law students must be “tech-savvy,” the study concludes.
Commenting on the launch, Dr Pritam Baruah, Dean of Law School, BML Munjal University, said: “With BMU’s focus on scientific, creative and interdisciplinary learning, the university will unveil its centers on law, regulation and technology that combines academic research and policy prescriptions. Through this center, we strive to provide knowledge-based contributions to the evolution of regulatory frameworks that ensure well-being on the one hand and innovation on the other. The Center would work to promote legal and economic regulation that places consumer welfare and innovation at the heart of the modern economy.
Speaking about the regulatory potential of law in the field of technology at the conference, Prof Sudhir Krishnaswamy, vice-chancellor of NLSIU Bangalore said: Catching up with technology, or the law is unable to catch up with technology. It becomes a more “normative” argument of whether the law should be used as these are not yet mature technologies and the law could be a bigger obstacle here. Likewise, social order can be produced without legal frameworks through, on the one hand, social norms or, on the other hand, through codes like Lex cryptographia which brings transparency and resilience. I congratulate BMU faculty members for this initiative which is of lasting and contemporary relevance.
The two-day conference saw the enthusiastic participation of legal scholars, social scientists, lawyers and digital policy experts. Panelists included Professor Aditya Bhattacharjea – Senior Professor of Economics at Delhi School of Economics, University of Delhi, Professor Simonetta Vezzoso – Full Professor of Competition Policy and Intellectual Property (Professore Aggregato) and Senior Researcher at Università di Trento, Department of Economics and Management, Professor Rajat Kathuria – Dean, Faculty of Humanities and Social Sciences, and Professor of Economics at Shiv Nadar University, Dr Francesco Beneke – Principal Investigator at the Max Planck Institute for innovation and competition, Dr Shilpi Bhattacharjea – Professor of Law at Jindal Global Law School, Mr. Arjun Krishnan – Partner, Samvad Partners, Mr. Chanakya Basa – Lawyer and partner, Knock Legal and Mr. Pratik Datta – Principal investigator, Shardul Amarchand Mangaldas & Co. The eminent panelists deliberated on the need to regulate digital markets, the nature of regulation, the relevance of the “Western” regulation for India and the challenges of ex ante enforcement in India. Through this event and many others that the Center plans to organize, it strives to contribute in an objective and non-partisan way to the political discourse around critical issues related to modern technology.