Disruptive Innovation Demands Delicate Regulation

Law360, New York (November 12, 2014, 10:49 AM EST) -- There is growing tension between emerging and traditional industries, with calls from both sides for regulatory fairness. These disagreements are increasingly ending up in court as both sides look to protect their interests. This tension highlights the need for regulatory statesmanship as public policy officials are asked to create new and comprehensive regulatory schemes that balance the concerns of old and new industries. It is a balance that can be struck.

In Chicago, for example, the taxi industry sued the city over enforcement of its existing public chauffeur rules. At the crux of the dispute is the claim by the taxi...

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