09 Feb
Member News

Wilson Sonsini | Bipartisan Legislation Seeks to Clarify Which Inventions Are Patent Eligible

The U.S. patent system is based upon a quid pro quo balance that incentivizes innovation via a time-limited patent exclusivity, while encouraging the dissemination of new ideas for public benefit and use upon expiration of the patented innovation. However, for some innovative technologies, such as personalized medicine, diagnostics, and artificial intelligence (AI), case law developed within the past decade has made obtaining patent protection increasingly difficult. This has led to a lack of clarity and incentive for some innovators...

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08 Feb
Member News

Ankaa Ventures and Hi Inov announce a strategic partnership

EACCNY Member Ankaa Ventures and Hi Inov announce a strategic partnership to support European start-ups in their seed phase Hi Inov, a Franco-German venture capitalist specialising in BtoB digital start-ups, has entrusted its seed capital program to Ankaa Ventures. Ankaa’s sectors of expertise, including climate tech, human capital, data and AI, are among those targeted by the Hi Inov 3 fund. Paris, 7 February 2024 – Hi Inov – Dentressangle, a Franco-German venture capital company with €350m in...

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07 Feb
Member News

CLA (CliftonLarsonAllen) | Major Tax Changes Expected in Two Years, Plan Now to Reduce Impact

The Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes to businesses and individuals. Individual and some business tax rates were cut — some significantly — starting in 2018. Built into the law was the sunset of certain important provisions on December 31, 2025. This means on January 1, 2026, tax law reverts to the tax law before the TCJA’s passage. Because the sunset is part of law, it would take an act of Congress to prevent it. Explore some...

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07 Feb
Member News

Houthoff | EU Data Act: New Obligations for Manufacturers of Smart Products

On 11 January 2024, the EU Data Act (2023/2854) entered into force. This new regulation includes rules for accessing and using data generated by smart products, such as smart meters, industrial machinery, medical devices and connected cars. Such devices generate data on a large scale, but these data are typically held by the manufacturers of those products. The European Union finds this problematic, which is why it introduced the Data Act in an effort to give individuals and businesses more control over...

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07 Feb
Chapter News

European Commission | EU and US take stock of trade and technology cooperation

Today, the European Union and the United States held the fifth meeting of the EU-US Trade and Technology Council (TTC) in Washington, D.C. The meeting allowed ministers to take stock of the progress of the TTC's work and to provide political steer on key priorities for the next TTC Ministerial meeting, which will take place in Belgium in spring. The TTC is the main forum for close cooperation on transatlantic trade and technology issues. It was co-chaired by European Commission Executive Vice-President...

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06 Feb
Chapter News

European Parliament | Deal on Plans to Boost Europe’s Net-Zero Technology Production

On Tuesday, Parliament and Council negotiators reached a provisional deal on the Net-Zero industry Act to bolster EU production in technologies needed for decarbonisation. The "Net-Zero industry Act" sets a target for Europe to produce 40% of its annual deployment needs in net-zero technologies by 2030, based on National Energy and Climate Plans (NECPs) and to capture 15% of the global market value for these technologies. During negotiations, MEPs secured an approach based on a single list of technologies to be...

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06 Feb
Chapter News

Commission Presents Recommendation for 2040 Emissions Reduction Target to Set the Path to Climate Neutrality in 2050

The Commission has today published a detailed impact assessment on possible pathways to reach the agreed goal of making the European Union climate neutral by 2050. Based on this impact assessment, the Commission recommends a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels, launching a discussion with all stakeholders; a legislative proposal will be made by the next Commission, after the European elections, and agreed with the European Parliament and Member States as required under...

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06 Feb
Member News

Mason Hayes & Curran | EU AML Reforms

A game-changing package of EU AML reforms has come into sharper focus following the announcement that provisional political agreement has been reached on key proposals. We reflect on ten important aspects of the incoming regime, providing a run-down of what firms should be looking out for as we await the final texts. Background The European Commission put forward its package of AML reforms back in 2021. At the time, a new directive and three new regulations were proposed to strengthen EU...

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06 Feb
Member News

Fenwick | SEC’s New Disclosure Rules Impact SPACs and Target Companies

Almost two years after the publication of proposed rules (the Proposed Rules) on March 30, 2022, the SEC has adopted final rules (the Final Rules) to enhance disclosure and expand liability in initial public offerings by special purpose acquisition companies and in business combination transactions (de-SPAC transactions) involving SPACs and private operating companies (targets). The Final Rules, published on January 24, 2024, and set forth in Release No. 33-11265, were adopted largely as proposed, and require additional, detailed disclosures in connection...

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05 Feb
Chapter News

European Council | EU leaders agree on additional funding for the EU Budget and more support for Ukraine

Special European Council, 1 February 2024 EU leaders greenlit additional funding for the multiannual financial framework 2021-2027 and discussed support for Ukraine. They also discussed the situation in the Middle East and agriculture, and paid tribute to former European Commission President Jacques Delors, who passed away on 27 December 2023. European Council conclusions, 1 February 2024 Remarks by President Charles Michel at the press conference of the special meeting of the European Council Main results Mid-term revision of EU long-term budget 2021-2027 As a follow-up to their meeting in December, EU...

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