20 Oct
Chapter News, Trade & TTIP Related

After CETA: the EU trade agreements that are in the pipeline

EU countries are considering signing the free trade agreement with Canada this month, but the Comprehensive Economic Trade Agreement (CETA) is far from the only deal the EU is working on. Various deals are being negotiated all over the globe, but they can only enter into force if the European Parliament approves them. Read on for an overview of negotiations in progress and a discussion of how it works. Types of agreements The EU has different types of agreements in place...

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20 Oct
Member News

Cross-border acquisitions

Cross-border acquisitions are becoming ever more popular, as US companies seek to enter overseas markets quickly and without the delay and logistical hurdles of building organically. Europe in particular has been a destination of choice where markets are mature, talent is readily available, IP can be protected, taxes are predictable and business cultural is familiar. What therefore could possibly go wrong? The answer is that assuming the right diligence has been completed on the target and local advice has been...

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19 Oct
Member News

Brexit High Court hearing: does the UK government need the approval of Parliament before it can invoke Article 50?

Today, the High Court has started hearing arguments on whether the UK government can go-it-alone and trigger Article 50 of the Lisbon Treaty – the legal mechanism to commence departure from the EU – without first seeking the approval of Parliament. Opening the case, Lord Pannick QC for the lead claimant emphasised that the challenge was not about whether or not the UK should leave the EU, but whether the government has the legal power to trigger Article 50, with...

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19 Oct
Member News

California Attorney General ‘Crowdsources’ Reporting of Privacy Policy Violations

This initiative by the Attorney General is effective immediately and is just the latest example of California’s effort to increase enforcement of laws aimed at protecting the privacy and data security of individual consumers. The California Office of the Attorney General (the Attorney General) launched a new online form on October 14 that consumers can use to report privacy policy violations. Citing the need to enhance transparency in the Internet of Things, as well as to fill privacy gaps caused...

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19 Oct
Member News

U.S. Sixth Circuit Holds that Customary Language in Amendment and Restatement Agreements May Extinguish Existing Security Interests via Novation

On August 23, 2016, the U.S. Court of Appeals for the Sixth Circuit held in the Chapter 7 bankruptcy case In re Fair Finance Company that an amendment and restatement of a loan and security agreement may have been a novation of the initial agreement and therefore extinguished the lender's existing security interest. As background, in 2002, the lenders and the debtor, Fair Finance Company, entered into a loan and security agreement (the "Original LSA") for a $22 million revolving...

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19 Oct
Chapter News

Towards a robust trade policy for the EU in the interest of jobs and growth

In the modern global economy, trade is essential for growth, jobs and competiveness, and the EU is committed to an open rules-based trading system. Exports now support almost one in seven manufacturing jobs in Europe (i.e. more than 30 million jobs – two thirds more than 15 years ago), while imports are a major source of productivity gains and allow consumers to benefit  from  access  to more  choice  and  lower  cost  products.  Production  in  the  EU  is dependent not...

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19 Oct
Chapter News

The European Fiscal Board: Questions and Answers

What is this Board and what will it do? Following the Five Presidents' Report on completing Europe's Economic and Monetary Union, the Commission decided last October to set up a European Fiscal Board as an independent advisory board on fiscal matters. It will advise the Commission on fiscal matters. More specifically, the board's role is to evaluate the implementation of EU fiscal rules, to advise the Commission on the fiscal stance appropriate for the euro area as a whole and to...

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19 Oct
Chapter News

A robust trade policy for jobs and growth

The Commission urged Member States to support proposals to strengthen European defences against unfair trade. The College also discussed the latest developments regarding the EU-Canada trade agreement (CETA) and appointed the members of the European Fiscal Board. Trade Defence Instruments The Commission today called upon Member States to support its efforts to provide the European Union with updated, strengthened and more robust trade defence instruments. Ahead of the European Council (20-21 October), the Commission details its arguments in a Communication"Towards a...

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19 Oct
Member News

GDPR: The DPO, a mole inside your company?

The General Data Protection Regulation (“GDPR”) introduces a new important role in the data protection scheme: the so-called Data Protection Officer (“DPO”). The DPO will become indispensable for quite a lot of companies and will play an essential role in ensuring compliance with data protection law. Appointing a DPO is mandatory for entities acting as a data controller or data processor if (i) the processing is carried out by a public authority or body, except for courts acting in their...

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18 Oct
Chapter News

Commission proposes first research partnership in the Mediterranean to increase food and water sustainability

Commission proposed first research partnership of its kind in the Mediterranean Area to develop much-needed novel solutions for sustainable water management and food production. Today the Commission has presented a proposal for a Partnership for Research and Innovation in the Mediterranean Area - PRIMA. The first partnership of its kind in the Mediterranean basin aims to develop much-needed novel solutions for sustainable water management and food production. Carlos Moedas, Commissioner for Research, Science and Innovation, said: "EU research and innovation is...

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