Chapter News

European Parliament | Deal Reached on Stricter EU Rules for Waste Shipments

On November 17, Parliament and Council reached a provisional agreement on revising EU procedures and control measures for waste shipments. The agreed law aims to protect the environment and human health more effectively, while contributing to achieve the EU’s climate neutrality, circular economy and zero pollution goals. Strengthening the rules governing exports of waste outside the EU EU exports of certain non-hazardous wastes and mixtures of non-hazardous wastes for recovery (i. e. to be used for other purposes) will be allowed...

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Chapter News

European Commission | Readout of the meeting between EU Commissioner for Climate Action and China’s Special Envoy on Climate Change

On 16 November, EU Commissioner for Climate Action, Wopke Hoekstra met China's Special Envoy on Climate Change, Xie Zhenhua, in Beijing, to prepare for the COP28 UN Climate Change Conference in Dubai. In a frank and constructive exchange, they agreed to increase cooperation on tackling the climate crisis, which no single country can solve on its own. Both parties wholeheartedly underlined that climate science shows the urgency of action in this decade to meet the targets of the Paris Agreement....

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Chapter News

IMF | Central Banks Should Continue Digital Currency Development

Keynote address of Kristalina Georgieva, Managing Director at Singapore Fintech Festival |  President Tharman, excellencies, distinguished guests: good morning! It’s a pleasure to be in Singapore again. And it’s an honor to join you this morning at this impressive forum to take stock of how far we’ve come and set the course for the future. There is no better place to look into this future than Singapore — a place where fintech flourishes and where this festival brings the unlimited...

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Chapter News

ECB | A European view on central banking and the economy

The ECB Blog looked at how communication has become a key factor for the transmission of a central bank’s policies in a recent post. Central banks exercise a profound influence on what occurs in the economy through what they say. While banks and financial institutions hang on to their every word as decisions affect financing conditions and the economy, the wider public – which is certainly not less affected by monetary policy decisions - follows the communication of central banks indirectly,...

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Member News

Institute of International Education | U.S. For Success Coalition Launches to Increase and Diversify International Student Success in the U.S.

Coalition across sectors seeks to position the United States to more effectively attract a greater and more diverse population of international students and ensure their success Washington, D.C., November 14, 2023 — Last week, 11 education organizations, think tanks, and advocates launched the U.S. for Success coalition to foster international student success in the United States through a coordinated national effort. The coalition will work in partnership with the U.S. government, higher education institutions, the business sector, and other key partners...

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Member News

Trepp | CMBS Surveillance: Five Loans to Watch as the Delinquency Surge Continues

In October, the Trepp CMBS Delinquency Rate rose 24 basis points to 4.63%, with significant fluctuation across the five major property types. Each sector’s respective rate either rose or fell by more than 15 basis points, with two in particular experiencing substantial increases. The multifamily rate rose 79 basis points to 2.64%, after two consecutive months of only a 1 basis point increase. This is the highest month-over-month increase for the property type since November of last year.  Most surprising, however, was...

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Member News

Wilson Sonsini | The Entrepreneurs Report – Private Company Financing Trends for Q3 2023

The key developments of the report are summarized below. Later-Stage Valuations Drop Q3 2023 saw a decline in start-up valuations across multiple stages, especially for Series B and Series C and later companies, which retreated to five-year lows. Despite the decline, Seed stage 2023 valuations continue to fare better and are on track to surpass 2022's record-setting levels. Mixed Results for Early and Late-Stage Fundraise Amounts In Q3 2023, Series Seed to Series B start-ups experienced a decline in fundraising amounts after Q2’s...

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Member News

Fenwick | Protecting Brands in the Age of AI

The rapid adoption of generative artificial intelligence (AI) presents both unique opportunities and challenges for trademark and brand owners. By harnessing AI’s potential, businesses can accelerate the branding process by generating unique, brandable company and product names, logos and slogans tailored to specific industries and company values. However, with these advantages come several risks, including the potential for trademark infringement and dilution of established brands. The Power of Branding Trademarks are powerful tools for businesses to distinguish the origin of their goods...

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Member News

AlixPartners | Expectations remain high for defense profit pool despite a challenging 2022 and 2023

Contractors must now accelerate profitable growth Although the defense industry’s pool of economic profit (EP) experienced a sharp decline in 2022 and only a partial recovery through three quarters of 2023 results, investors are still bullish on the sector and expect strong medium- to long-term profit growth. 2022 was a rough year for defense profitability, as the industry experienced a 40% EP decline vs. 2021. The performance reversed the steady 3% EP CAGR recorded in the five years through 2021. With three...

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Member News

Berkowitz Pollack Brant | Planning Around 10-year Withdrawal Requirements From Inherited Iras

Certain non-spouse beneficiaries of inherited IRAs will need to begin taking annual RMDs from those accounts beginning in 2024 to satisfy the SECURE Act’s 10-year rule, which requires the liquidation of those accounts within 10 years of the original owner’s death. While the law eliminating stretch IRAS was passed in 2019, the IRS has since delayed the start date three times. Consequently, affected beneficiaries could find themselves saddled with higher-than-expected withdrawal requirements that could leave them with higher tax...

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