Chapter News

Reform to counter unfair trade

Today, the College held an orientation debate on reforming our trade defences to make sure we keep protecting Europe's industry from unfair trading practices. We focused on the overall challenges facing our trade defences: how do we make sure that Europe has the anti-dumping and anti-subsidy instruments necessary to deal with the current reality in the international trading environment, namely with important market distortions in certain countries, where the State continues to have a pervasive influence in the economy. Watch my press conference with Commission Vice-President Jyrki Katainen following the debatehere. The issue...

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Chapter News

President Obama’s Commitment to Global Development

Over the past eight years, President Obama has elevated sustainable development to a core pillar of American foreign policy.  On Wednesday July 20th, the President will host the White House Summit on Global Development, bringing together development leaders, public and private sector financing partners, civil society, diplomats, and entrepreneurs to mark our global progress and catalyze further development efforts. Building on more than a half century of global leadership, including the creation of the Millennium Challenge Corporation (MCC) and the...

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Member News

The Privacy Shield: What U.S. Multinational Employers Need To Know To Enjoy The Benefits Of The Newest EU-U.S. Data Transfer Mechanism

Since the European Court of Justice declared invalid, on October 6, 2015,1 the Safe Harbor agreement between the U.S. Department of Commerce and the European Commission for the transfer of personal data, hundreds of U.S. multinationals have been struggling to find an alternative while waiting hopefully for the Safe Harbor’s replacement. The Privacy Shield, effective as of July 12, 2016, may provide the alternative these organizations have been seeking. For U.S. multinationals that relied on the Safe Harbor to...

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Chapter News

EU priorities at the United Nations and the 71st UNGA

The Council adopted the EU priorities at the United Nations and the 71st United Nations General Assembly (September 2016 - September 2017). The coming year will be focused on consolidation and implementation of the agreements reached in the past year. These include the 2030 agenda for sustainable development, the Addis Ababa action agenda of the third international conference on financing for development and the Paris climate agreement. The priorities mention that the EU remains committed to strengthening the United Nations...

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Chapter News

Ambassador Froman Announces New Digital Trade Working Group

Today, U.S. Trade Representative Michael Froman announced the creation of a Digital Trade Working Group within the Office of the U.S. Trade Representative. The group will serve as a “Rapid Response” team to identify and combat barriers to digital trade and promote sound policies to advance global digital trade around the world. Led by Ambassador Robert Holleyman and composed of USTR staff with expertise in e-commerce, telecommunications, services, intellectual property, innovation, and industrial competitiveness, the group will work to...

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Chapter News

UN officials spotlight need to move from commitments to results on Global Goals

Every country must accelerate the implementation pace of the 'ambitious and transformative' development agenda adopted by United Nations Member States nearly one year ago, by boosting efforts to overcome persistent challenges, new obstacles and unforeseen setbacks in today's turbulent world, the UN Deputy Secretary-General Jan Eliasson today declared. “Achieving the SDGs is a monumental task. There is no country in the world where all people have equal opportunities to fulfil their aspirations. Every country has poverty and inequalities to...

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Chapter News

European Commission outlines new support package worth €500 million for European farmers

This comprehensive support package is further evidence of the Commission's continued commitment to the agricultural sector across the EU. The European Commission has today presented a new package of measures worth €500 million from EU funds to support farmers in the face of ongoing market difficulties, particularly on the dairy market. The measures were presented to the Council of EU Agriculture Ministers by Commissioner for Agriculture and Rural Development, PhilHogan: "Coming at a time of significant budgetary pressures, this package provides...

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Chapter News

Member State compliance with EU law improving, but more work ahead to unleash full potential of Single Market

The European Commission has reiterated its commitment to ensure the effective application of the whole range of European legislation and, in particular, the world's biggest single market of 500 million citizens. The Annual Report provides a clear picture on how the Commission monitored and enforced European Union law in 2015 and the Single Market Scoreboard reveals that barriers to the free movement of persons, services, goods and capital in the EU are being eliminated in most areas. The constructive compliance...

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Member News

Trading Alert: Huge Chicago Office Loan Said to Be Modified

According to this morning's Commercial Mortgage Alert, the CMBS loan backed by the 1.7 million square-foot Chicago office at 131 South Dearborn (also known as the Citadel Center) has been modified. The piece notes that Angelo, Gordon & Co. and Hines have recapitalized the property with a pledge of $50 million of new equity. The $472 million in CMBS debt has been modified as well. The new terms split the loan into a $400 million senior note and a $72...

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Member News

The EU-U.S. Privacy Shield officially adopted

The New York office of the Dutch law firm Houthoff Buruma offers clients and colleagues in the US selected news items about relevant legal developments in the Netherlands, the European Union and the Dutch Caribbean. Please email managing partner Helena Sprenger if you have any questions. The EU-U.S. Privacy Shield officially adopted On July 12, 2016 the EU-U.S. Privacy Shield was adopted by the European Commission, providing a new framework and legal basis for EU-U.S. personal data transfers. U.S. companies will be...

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