11 Apr
Member News

Trepp | European Market Update: Altice’s CLO Exposure; Hope for Canary Wharf after Lease Extension

The European Central Bank is optimistic about inflation hitting its 2% target, strengthening arguments for lowering record-high borrowing costs, as indicated in its recent meeting summary that was reported by Reuters. Despite maintaining rates in March, officials hinted at a possible June rate cut, given progress in managing inflation and moderating wage growth. Although there's confidence in reaching the inflation goal, the bank remains cautious, opting to wait for more data before making rate decisions. Upcoming meetings may solidify plans for...

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11 Apr
Member News

Ogletree Deakins | Hot Topics in U.S. Immigration: Alternatives for Employees Not Selected in the H-1B Visa Lottery

In this podcast, Meagan Dziura, a member of Ogletree Deakins’ Immigration Practice Group, covers alternatives for employees not selected in the H-1B lottery, given the stagnant number of USCIS selections made for H-1B visas despite an increased demand over the past few years. Meagan discusses potential options for visa applications, including specialty occupation and treaty visas, such as the H-1B1 and E-3 visas, as well as the TN professional and O-1 extraordinary ability visas. Meagan also explores opportunities for...

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11 Apr
Member News

Mason Hayes & Curran | Foreign Subsidies Regulation Investigation Opened by the Commission

The European Commission has launched an in-depth investigation into a public procurement procedure to examine potential market distortions of foreign subsidies. This is the first in-depth investigation under the Foreign Subsidies Regulation (FSR) which came into effect on 12 July 2023. The Commission will assess whether foreign subsidies allowed CRRC Qingdao Sifang Locomotive Co Ltd (CCRC), a Chinese state-owned train manufacturer, to submit an unduly advantageous offer in reply to a tender for electric trains in Bulgaria. The Foreign Subsidies Regulation The...

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09 Apr
Member News

Ogletree Deakins | Beltway Buzz – Labor and Employment News from Washington D.C.

Congress on Spring Break …What’s on Deck? The U.S. Congress remains out on spring break this week and is scheduled to return to Washington, D.C., the week beginning April 8, 2024. With 2024 funding for the federal government wrapped up, upon its return, Congress will turn its attention to the myriad items that have stacked up on its to-do list. This includes authorizing funds to rebuild Baltimore’s Francis Scott Key Bridge and provide military aid to Ukraine. Additionally, Congress will...

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09 Apr
Chapter News

Biden-Harris Administration Announces Preliminary Terms with TSMC, Expanded Investment from Company to Bring World’s Most Advanced Leading-Edge Technology to the U.S.

With Up to $6.6 Billion in Proposed CHIPS Direct Funding, TSMC Announces 2 Nanometer Technology at Second Fab and a New Third Fab to Produce 2 Nanometer or More Advanced Chips. Proposed CHIPS Investment in Arizona Would Support AI, High-Performance Computing, 5G/6G Communications, and More Applications. On April 8th, the Biden-Harris Administration announced that the U.S. Department of Commerce and TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum...

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09 Apr
Member News

Jaguar Freight | The weekly Roar – Top Shipping News

In this week’s Roar: Stagnant ocean rates, air demand staying strong, the Port of Baltimore closure, a new reality for the Port of Hong Kong, and the importance of data quality. Despite the worsening conditions on the Red Sea, spot rates aren’t rising. Geopolitical tensions have increased, with Russian warships entering the area and the continuing attacks on commercial vessels in the region by the Houthis. Shipping lines still have enough capacity to reroute around Africa, which is holding spot...

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09 Apr
Chapter News

IMF | Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

Blog post by Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto |  The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital. About three-quarters of this was in the United States, where its market share is nearing that of syndicated loans and high-yield bonds. This market emerged about three decades ago as a financing source for companies too large or risky for commercial banks...

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09 Apr
Member News

CLA | EPA Announces $20 Billion in Clean Energy Grants to Selected Nonprofits

The U.S. Environmental Protection Agency announced its selection for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created under the Inflation Reduction Act. The EPA chose three nonprofits under the National Clean Investment Fund and five nonprofits under the Clean Communities Investment Accelerator to create a national clean financing network. Agreement to prioritize climate goals Collectively, the nonprofits have committed to help make significant impact toward the Biden-Harris administration’s climate goals. The eight...

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05 Apr
Member News, Uncategorized

Quebec Government Prioritizes Health & Education in its Budget

In the Québec Budget Plan published in late March 2024, the government is prioritizing funding for health and education services. It is strengthening its support for Quebecers and communities, and acting on economic priorities while taking steps to optimize government action. It is presenting a fair and transparent portrait of the state of public finances and reiterating its firm commitment to restoring fiscal balance after deposits in the Generations Fund. A plan will be tabled when Budget 2025-2026 is released,...

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05 Apr
Member News

Wilson Sonsini | SEC Pauses Climate Disclosure Rules Amid Legal Challenges

On April 4, 2024, the U.S. Securities and Exchange Commission (SEC) issued an order (the Order) implementing a stay of its final climate-related disclosure rules1 adopted on March 6, 2024 (the Final Rules). For more information on the Final Rules, please see our previous client alert. Following adoption of the Final Rules, several legal challenges emerged asserting, in most cases, that the Final Rules were too far reaching and, in other cases, did not reach far enough. The legal challenges to the Final Rules...

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