Chapter News

IMF | Europe’s Knife-Edge Path Toward Beating Inflation Without a Recession

Success will require tighter macroeconomic policies tailored to changing financial conditions, strong financial supervision and regulation, and bold supply-side reforms Following a strong exit from the pandemic, Europe was hit hard by the economic impact of Russia’s invasion of Ukraine. Growth slowed drastically, inflation shot up, and episodes of financial stress materialized. But as a result of decisive policy action, most economies narrowly avoided a recession this winter. Europe now faces the difficult task of sustaining the recovery, defeating inflation,...

Read more

Member News

Vulcan Insight | EU Commission proposes largest EU Pharma industry review in decades

On 26 April, the proposal for the pharma package review was issued by the Commission. The revision is the first major review of the pharmaceutical legislation since 2004 and aims to adapt the European pharmaceutical legislation to the needs of the 21st century. The reform aims to ensure more timely and equal access, lower burdens on companies, and lower healthcare costs. The review encompasses two legislative proposals, a Directive, and a Regulation, which will serve as the EU regulatory framework...

Read more

Member News

Steptoe | Global ESG Headlines, April 2023

Welcome to “For What It’s Earth,” a bi-weekly review of the key Environmental, Social and Governance (ESG) developments from across the globe. With an increasing scrutiny of ESG factors by governmental authorities, investors, customers and stakeholders, in our newsletter we distill ESG-related policy, legal, and market developments into a streamlined note, reporting on the issues most relevant for business and industry. Recent developments to note: LitigationJewelry brand David Yurman and direct to consumer brand Mejuri Inc. settled a lawsuit brought by Yurman...

Read more

Member News

AICEP Portugal Global | Digital nomads “fundamental” for Portugal

The Minister of Labour has stated that it is necessary to “focus on attracting people to Portugal”, reiterating that the country has positioned itself as being able to have “the capacity to attract digital nomads”. Currently, there are 650,000 immigrants working in Portugal, six times more than in 2015, points out Ana Mendes Godinho. The minister defends the “contribution of foreign workers to Portuguese development”, stressing that in Social Security contributions, foreigners already represent 10% of workers who actively participate in...

Read more

Chapter News

Oliver Röpke, the new president of the EESC, sets democracy, fundamental rights and the rule of law as guiding principles of his mandate

The president vows to make the European Economic and Social Committee a true civil society gateway and open its doors to the EU accession countries. In the run-up to the 2024 European elections, the Committee will take on a more active role to stand up for democracy and strive for a more resilient, prosperous and inclusive Europe. The European Economic and Social Committee (EESC) has elected Austria's Oliver Röpke as the 34th president in its 65-year history. Former head of the Brussels...

Read more

Chapter News

ECB | What to do about Europe’s climate insurance gap

The EU has a problem with climate catastrophe insurance: only a quarter of the losses from climate-related disasters are covered. Greater coverage could reduce the economic damage that results from them. This joint ECB-EIOPA post for The ECB Blog looks at ways to make this happen. Drought affected two-thirds of the European Union in 2022, likely the worst episode in 500 years. Agricultural production withered, river transport was disrupted and hydroelectric power generation fell, which exacerbated the energy crisis. Just...

Read more

Chapter News

‘Fit for 55’: Council adopts key pieces of legislation delivering on 2030 climate targets

The Council today adopted five laws that will enable the EU to cut greenhouse gas emissions within the main sectors of the economy, while making sure that the most vulnerable citizens and micro-enterprises, as well as the sectors exposed to carbon leakage, are effectively supported in the climate transition. The laws are part of the 'Fit for 55' package, which sets the EU’s policies in line with its commitment to reduce its net greenhouse gas emissions by at least 55%...

Read more

Member News

GT Law | Unlocking the Power of Contract Negotiation Playbooks

How to Maximize Efficiency and Reduce Risk in Contract Negotiations Contracts are the lifeblood of commercial relationships. Negotiating these contracts can be time-consuming, complex, and fraught with legal risks. A well-crafted “playbook” for contract negotiations can significantly streamline the process, mitigate potential risks, and ultimately save time and money for your organization and in-house counsel. In this blog post we will discuss the concept of a contract negotiation playbook, its benefits, and how companies can leverage this powerful tool. What Is...

Read more

Chapter News

Statement by President von der Leyen at the Major Economies Forum on Energy and Climate

President Biden, Special Envoy Kerry, Thank you for convening us today and for your continued leadership on climate action. We are the policy makers who can keep global warming below 1.5 degrees Celsius. And we have the tools! With innovation, science, technology and industrial capacity to achieve this goal. Last year, we Europeans produced more electricity from sun and wind than from gas and any other source. And the world's electricity system is now cleaner than ever before. We are on...

Read more

Member News

Mason Hayes & Curran | The EU AI Act – Imaging and Diagnostics

The EU AI Act is set to become law later this year and providers of imaging and diagnostic artificial intelligence technology (AI) need now begin to consider its potential impacts on the regulation of their technology. Many manufacturers in this space are only just getting to grips with recently updated medical/in vitro medical device law when fresh regulatory obligations appear on the horizon relating to the use of AI in those devices. Regulators and notified bodies in the same...

Read more