Artificial intelligence (AI) is not just a technological shift; it’s a fundamental reshaping of the business and legal landscape

AI presents transformative opportunities for new and emerging companies and established enterprises alike.

BAX offers services in the following areas of law:

Corporate Structuring & AI Governance: We assist startups and venture capital firm focusing on AI technology with structuring your business to facilitate growth, investment and scalability. We provide guidance on corporate governance frameworks that address AI-specific risks and oversight requirements, ensuring your corporate strategy is built on a solid legal and ethical foundation.

Capital Markets. We assist venture capital and startup firms focusing on AI technology to raise capital for financing short and long term growth plans in the private and public markets. We advise on disclosure requirements for AI-related businesses under National Instrument 51-102 Continuous Disclosure Obligations, including material AI-related risk factors and forward-looking information about AI use and development.

Registrants. We assist securities registrants including CIRO investment dealers and exempt and restricted dealers to comply with securities regulatory requirements related to AI. We also assist money services businesses respecting their FINTRAC and Bank of Canada obligations. We provide guidance on the CSA Staff Notice and Consultation 11-348 regarding the applicability of Canadian securities laws to the use of AI systems in capital markets.

Public Company Disclosure and AI Risks. We assist market participants in all industries to address risks involved in the use of AI systems, as well securities requirements regarding the disclosure of the same. We help public companies develop tailored, entity-specific AI disclosures that avoid boilerplate language and “AI washing,” in accordance with CSA guidance. This includes disclosure of AI business use, AI-related risk factors, and forward-looking information about AI implementation.

Commercializing AI: Contracts & Licensing. We assist with the drafting of contract for AI product licensing, partnerships and customer agreements, protecting your intellectual property and creating clear pathways for commercial success.

Data, Privacy & AI Ethics. We provide advice on privacy and data protection issues related to the development, distribution and use of AI including compliance with Canadian laws, regulation, and data protection laws. We advise on compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA), provincial privacy laws, and emerging AI-specific privacy requirements.

AI Governance and Risk Management. We help organizations develop robust governance frameworks for responsible AI use, including policies for AI ethics, risk assessment, and regulatory compliance. We assist with implementing appropriate oversight mechanisms and accountability structures for AI systems.

AI in Financial Services & Fintech We advise financial institutions and fintech companies on the unique regulatory and compliance challenges associated with using AI for algorithmic trading, robo-advisory services, credit scoring, fraud detection, and underwriting. We help clients implement AI-driven solutions while adhering to securities laws, consumer protection standards, and anti-discrimination laws.

Intellectual Property We help AI companies protect their core innovations. Our services include developing strategies for patenting AI-related inventions, securing copyright protection for software and databases, and implementing robust trade secret policies to safeguard proprietary algorithms, models, and datasets.