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We hosted a roundtable on the monetisation of data where we were joined by our Guest Speaker, Dr Liza Lovdahl-Gormsen of the British Institute of International and Comparative Law, along with TLT’s speakers Daniel Lloyd, Gareth Oldale and Juliet Mason as Chair.
This roundtable was of interest to in-house counsel and lawyers, commercial, data and IT decision makers and all senior c-suite roles who operate and work in the digital and fintech sectors.
Juliet Mason provided a brief introduction on the monetisation of data, followed by speakers: Dr Liza Lovdahl Gormsen a Senior Research Fellow and the Director of the Competition Law Forum at British Institute of International and Comparative Law. Dr Lovdahl Gormsen has brought a class action lawsuit against Facebook’s parent firm Meta in the Competition Appeal Tribunal, alleging that Facebook has forced users to give up valuable personal data in return for personalised targeted advertising and access to the social network.
Gareth Oldale is TLT’s Head of Data Protection and he focused on the perceived tension between monetising personal data and protecting it. Gareth will explore whether or not, and if so, how, the monetisation of personal data can be done in a way that complies with the Data Protection legal framework. Gareth will look at the balance to be struck between personal data as a right and as an economic asset.
Daniel Lloyd is TLT’s head of Digital. He focused on the failures of the courts to address the monetisation of personal data and the value that should be ascribed to it in an adequate and modern way, based on the most recent cases and the arguably defective implementation of the Digital Content Directive.
07 February 2023